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

Discover affordable housing in Waterproof where there are 2+ 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.

Church Lane Apartments

611 Church Ln, Waterproof, Louisiana 71375

Bethel Court Apts

952 Texas Ave, Waterproof, Louisiana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waterproof, Louisiana
$15.57/hour
$8.32 (+115%) more than Louisiana minimum wage and $8.32 (+115%) more than the Federal minimum wage.
Learn More About Waterproof, Louisiana Affordable Housing ↓

How many renters live in Waterproof, Louisiana?

The City of Waterproof has 604 people living in 191 households.

There are 134 renters living in 70 renter households in this City. Renters make up 22.19 percent of the population living in Waterproof.

What is the rental market like in Waterproof, Louisiana?

There are an estimated 316 housing units in the Waterproof area. Of these, 81 units are rental homes, making up 26 percent of the housing market. For every renter household in Waterproof, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Waterproof?

The rental vacancy rate in Waterproof is 14 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 Waterproof for each bedroom size?

Occupied Rental Units by Size in Waterproof
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 10 19 34 0
Occupied Rental Units by Size in Waterproof

A large number of apartments in Waterproof 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 Waterproof are overburdened by housing costs?

Among renter households in this market, 26 percent have housing cost burden. Further, 26 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 Waterproof

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,192. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $626
Two BR $822
Three BR $1,158
Four BR $1,192
2024 Fair Market Rents in Waterproof, Louisiana

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

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 7 100 percent
One BR 10 100 percent
Two BR 14 74 percent
Rental Units Below FMR in Waterproof, Louisiana

How many affordable rental units are in Waterproof?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Waterproof, Louisiana

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

Income Based Apartments in Waterproof, Louisiana

Waterproof features 34 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 Waterproof, Louisiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterproof.

Housing Choice Vouchers in Waterproof, Louisiana

On average, Section 8 Housing Choice vouchers pay Waterproof landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waterproof.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waterproof, Louisiana for a two-bedroom apartment is between $740 and $904.

Sourced from federal housing data and AffordableHousingOnline.com research.