Low Income Apartments and Affordable Housing For Rent in Red Oak, TX

Discover affordable housing in Red Oak 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.

Red Oak Apartments

507 W Red Oak Rd, Red Oak, Texas 75154

Western Oaks Apartments

Red Oak Rd, Red Oak, Texas 79928

calendar_today Opened: Jan 21
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Red Oak, Texas
$33.30/hour
$26.05 (+359%) more than Texas minimum wage and $26.05 (+359%) more than the Federal minimum wage.
Learn More About Red Oak, Texas Affordable Housing ↓

What HUD offices serve Red Oak, 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, Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Red Oak, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Red Oak, Texas.

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

How many renters live in Red Oak, Texas?

The City of Red Oak has 14,853 people living in 4,655 households.

There are 2,652 renters living in 1,010 renter households in this City. Renters make up 17.85 percent of the population living in Red Oak.

What is the rental market like in Red Oak, Texas?

There are an estimated 4,990 housing units in the Red Oak area. Of these, 1,238 units are rental homes, making up 25 percent of the housing market. For every renter household in Red Oak, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Red Oak?

The rental vacancy rate in Red Oak 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 Red Oak for each bedroom size?

Occupied Rental Units by Size in Red Oak
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 92 605 108 182
Occupied Rental Units by Size in Red Oak

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

Among renter households in this market, 77 percent have housing cost burden. Further, 41 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 Red Oak

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,426
One BR $1,500
Two BR $1,758
Three BR $2,212
Four BR $2,847
2024 Fair Market Rents in Red Oak, Texas

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

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 92 100 percent
Two BR 459 76 percent
Rental Units Below FMR in Red Oak, Texas

How many affordable rental units are in Red Oak?

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

Federal Program Unit Count
Low Income Housing Tax Credit 116
USDA Section 515 Rural Rental Housing 116
Tracked Units by Federal Program in Red Oak, Texas

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

Income Based Apartments in Red Oak, Texas

Red Oak features 152 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 Red Oak, Texas

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

Housing Choice Vouchers in Red Oak, Texas

On average, Section 8 Housing Choice vouchers pay Red Oak landlords $1,000 per month towards rent. The average voucher holder contributes $600 towards rent in Red Oak.

The maximum amount a voucher would pay on behalf of a low-income tenant in Red Oak, Texas for a two-bedroom apartment is between $1,582 and $1,934.

Sourced from federal housing data and AffordableHousingOnline.com research.