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

Discover affordable housing in Keene where there are 3+ 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.

Sherwood Arms Apartments

213 W Val Verde Cir, Keene, Texas 76059

Fireside Trail

213 N 4th St, Keene, Texas 76059

Fireside Trails Apartments

213 W 4th St, Keene, Texas 76059

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Keene, Texas
$30.63/hour
$23.38 (+322%) more than Texas minimum wage and $23.38 (+322%) more than the Federal minimum wage.
Learn More About Keene, Texas Affordable Housing ↓

What HUD offices serve Keene, 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 Keene, Texas.

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

How many renters live in Keene, Texas?

The City of Keene has 6,451 people living in 2,109 households.

There are 2,818 renters living in 1,077 renter households in this City. Renters make up 43.68 percent of the population living in Keene.

What is the rental market like in Keene, Texas?

There are an estimated 2,384 housing units in the Keene area. Of these, 1,244 units are rental homes, making up 52 percent of the housing market. For every renter household in Keene, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Keene?

The rental vacancy rate in Keene is 13 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 Keene for each bedroom size?

Occupied Rental Units by Size in Keene
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 262 434 322 10
Occupied Rental Units by Size in Keene

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

Among renter households in this market, 39 percent have housing cost burden. Further, 19 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 Keene

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,266 to $2,615. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,266
One BR $1,384
Two BR $1,617
Three BR $2,144
Four BR $2,615
2024 Fair Market Rents in Keene, Texas

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

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 49 100 percent
One BR 262 100 percent
Two BR 403 93 percent
Rental Units Below FMR in Keene, Texas

How many affordable rental units are in Keene?

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

Federal Program Unit Count
Low Income Housing Tax Credit 92
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Keene, Texas

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

Income Based Apartments in Keene, Texas

Keene features 128 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 Keene, Texas

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

Housing Choice Vouchers in Keene, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Keene, Texas for a two-bedroom apartment is between $1,455 and $1,779.

Sourced from federal housing data and AffordableHousingOnline.com research.