Low Income Apartments and Affordable Housing For Rent in Burnet, TX

Discover affordable housing in Burnet where there are 8+ 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.

Northgate Apartments

105 Northgate Circle, Burnet, Texas 78611

Rhomberg II Apartments

806 North Rhomberg, Burnet, Texas 78611

Rhomberg Apartments

806 N Rhomberg St, Burnet, Texas 78611

Garden Gate Apartments

300 3rd St, Burnet, Texas 78611

Creekside Apartments

103 N Hill St, Burnet, Texas 78611

League Street Manor

1008 E League St, Burnet, Texas

Hamliton Creek Manor

805 S Water St, Burnet, Texas 78611

La Estancia II Apartments

Hamilton Valley Mgmt, Burnet, Texas 78611

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Burnet, Texas
$21.55/hour
$14.30 (+197%) more than Texas minimum wage and $14.30 (+197%) more than the Federal minimum wage.
Learn More About Burnet, Texas Affordable Housing ↓

What HUD offices serve Burnet, Texas?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Burnet, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Burnet.

How many renters live in Burnet, Texas?

The City of Burnet has 6,464 people living in 2,243 households.

There are 1,081 renters living in 482 renter households in this City. Renters make up 16.72 percent of the population living in Burnet.

What is the rental market like in Burnet, Texas?

There are an estimated 2,412 housing units in the Burnet area. Of these, 498 units are rental homes, making up 21 percent of the housing market. For every renter household in Burnet, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Burnet?

The rental vacancy rate in Burnet is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Burnet
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
67 63 228 107 0
Occupied Rental Units by Size in Burnet

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

Among renter households in this market, 42 percent have housing cost burden. Further, 23 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 Burnet

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $879 to $1,637. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $879
One BR $885
Two BR $1,138
Three BR $1,604
Four BR $1,637
2024 Fair Market Rents in Burnet, Texas

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

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 67 100 percent
One BR 51 81 percent
Two BR 110 48 percent
Rental Units Below FMR in Burnet, Texas

How many affordable rental units are in Burnet?

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

Federal Program Unit Count
Low Income Housing Tax Credit 143
Public Housing 40
Section 8 Project-Based Rental Assistance 43
USDA Section 515 Rural Rental Housing 182
Tracked Units by Federal Program in Burnet, Texas

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

Income Based Apartments in Burnet, Texas

Burnet features 166 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 Burnet, Texas

There are 82 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Burnet.

Housing Choice Vouchers in Burnet, Texas

On average, Section 8 Housing Choice vouchers pay Burnet landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Burnet.

The maximum amount a voucher would pay on behalf of a low-income tenant in Burnet, Texas for a two-bedroom apartment is between $1,024 and $1,252.

Sourced from federal housing data and AffordableHousingOnline.com research.