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

Discover affordable housing in Frankston 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.

Candlewood Apartments

101 Candlewood Dr, Frankston, Texas 75763

Frankston Retirement Ltd

200 Garrison St, Frankston, Texas 75763

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Frankston, Texas
$19.60/hour
$12.35 (+170%) more than Texas minimum wage and $12.35 (+170%) more than the Federal minimum wage.
Learn More About Frankston, Texas Affordable Housing ↓

What HUD offices serve Frankston, 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) programs for Frankston, Texas.

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

How many renters live in Frankston, Texas?

The City of Frankston has 1,282 people living in 488 households.

There are 431 renters living in 163 renter households in this City. Renters make up 33.62 percent of the population living in Frankston.

What is the rental market like in Frankston, Texas?

There are an estimated 564 housing units in the Frankston area. Of these, 163 units are rental homes, making up 29 percent of the housing market. For every renter household in Frankston, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Frankston?

The rental vacancy rate in Frankston 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 Frankston for each bedroom size?

Occupied Rental Units by Size in Frankston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 26 63 61 13
Occupied Rental Units by Size in Frankston

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

Among renter households in this market, 15 percent have housing cost burden. Further, 12 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 Frankston

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $879 to $1,663. 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 $1,035
Three BR $1,298
Four BR $1,663
2024 Fair Market Rents in Frankston, Texas

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

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
One BR 26 100 percent
Two BR 43 68 percent
Rental Units Below FMR in Frankston, Texas

How many affordable rental units are in Frankston?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Tracked Units by Federal Program in Frankston, Texas

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

Income Based Apartments in Frankston, Texas

Frankston features 24 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 Frankston, Texas

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Frankston.

Housing Choice Vouchers in Frankston, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Frankston, Texas for a two-bedroom apartment is between $932 and $1,139.

Sourced from federal housing data and AffordableHousingOnline.com research.