Low Income Apartments and Affordable Housing For Rent in Carencro, LA

Discover affordable housing in Carencro where there are 7+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Grand Point Apartments

336 Prejean Rd, Carencro, Louisiana 70520

Woodcreek Apartments

416 Sonnier Rd, Carencro, Louisiana 70520

Beau Sejour Estates Carencro Elderly

125 Ola St, Carencro, Louisiana 70520

Wood Creek

444 Sonnier Rd, Carencro, Louisiana 70520

Woodstone Apartment

237 Prejean Road, Carencro, Louisiana

Covington Country Apts

3903 N. University, Carencro, Louisiana

Acadian Village

301 Prejean Rd, Carencro, Louisiana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carencro, Louisiana
$19.58/hour
$12.33 (+170%) more than Louisiana minimum wage and $12.33 (+170%) more than the Federal minimum wage.
Learn More About Carencro, Louisiana Affordable Housing ↓

How many renters live in Carencro, Louisiana?

The City of Carencro has 10,194 people living in 4,173 households.

There are 3,464 renters living in 1,469 renter households in this City. Renters make up 33.98 percent of the population living in Carencro.

What is the rental market like in Carencro, Louisiana?

There are an estimated 4,686 housing units in the Carencro area. Of these, 1,652 units are rental homes, making up 35 percent of the housing market. For every renter household in Carencro, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Carencro?

The rental vacancy rate in Carencro is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Carencro for each bedroom size?

Occupied Rental Units by Size in Carencro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 325 689 447 0
Occupied Rental Units by Size in Carencro

A large number of apartments in Carencro have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Carencro are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Carencro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $701 to $1,755. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $701
One BR $921
Two BR $1,034
Three BR $1,344
Four BR $1,755
2024 Fair Market Rents in Carencro, Louisiana

How many units are rented at Fair Market Rent (FMR) in Carencro?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 0 100 percent
One BR 253 78 percent
Two BR 409 59 percent
Rental Units Below FMR in Carencro, Louisiana

How many affordable rental units are in Carencro?

There are a variety of federal affordable housing programs serving households in Carencro, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 36
Section 8 Project-Based Rental Assistance 104
USDA Section 515 Rural Rental Housing 195
Tracked Units by Federal Program in Carencro, Louisiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Carencro, Louisiana

Carencro features 300 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Carencro, Louisiana

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carencro.

Housing Choice Vouchers in Carencro, Louisiana

On average, Section 8 Housing Choice vouchers pay Carencro landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Carencro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carencro, Louisiana for a two-bedroom apartment is between $931 and $1,137.

Sourced from federal housing data and AffordableHousingOnline.com research.