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

Discover affordable housing in Munday 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.

251 S 2nd Ave

251 S 2nd Ave, Munday, Texas 76371

Patterson Apartments

401 S 13th Ave, Munday, Texas 76371

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Munday, Texas
$17.14/hour
$9.89 (+136%) more than Texas minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Munday, Texas Affordable Housing ↓

What HUD offices serve Munday, 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 Public Housing programs for Munday, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Section 8 HCV Money Follows the Person (MFP), Public Housing Money Follows the Person (MFP) programs for Munday, Texas.

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

How many renters live in Munday, Texas?

The City of Munday has 1,319 people living in 466 households.

There are 154 renters living in 47 renter households in this City. Renters make up 11.68 percent of the population living in Munday.

What is the rental market like in Munday, Texas?

There are an estimated 618 housing units in the Munday area. Of these, 57 units are rental homes, making up 9 percent of the housing market. For every renter household in Munday, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Munday?

The rental vacancy rate in Munday is 18 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 Munday for each bedroom size?

Occupied Rental Units by Size in Munday
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 7 40 0
Occupied Rental Units by Size in Munday

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

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Munday

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $705 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $705
One BR $729
Two BR $905
Three BR $1,187
Four BR $1,345
2024 Fair Market Rents in Munday, Texas

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

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
Two BR 5 71 percent
Rental Units Below FMR in Munday, Texas

How many affordable rental units are in Munday?

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

Federal Program Unit Count
Public Housing 71
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Munday, Texas

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

Income Based Apartments in Munday, Texas

Munday features 105 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 Munday, Texas

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

Housing Choice Vouchers in Munday, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Munday, Texas for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.