Low Income Apartments and Affordable Housing For Rent in Van Alstyne, TX

Discover affordable housing in Van Alstyne 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.

Palladium Van Alstyne Senior Living

870 Blassingame Ave, Van Alstyne, Texas 75495

Windscape Apartments

633 Blassingame Ave, Van Alstyne, Texas 75495

Whispering Meadows

1130 E Jefferson St, Van Alstyne, Texas 75495

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 Van Alstyne, Texas
$23.24/hour
$15.99 (+221%) more than Texas minimum wage and $15.99 (+221%) more than the Federal minimum wage.
Learn More About Van Alstyne, Texas Affordable Housing ↓

What HUD offices serve Van Alstyne, 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 Van Alstyne, Texas.

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

How many renters live in Van Alstyne, Texas?

The City of Van Alstyne has 4,846 people living in 1,724 households.

There are 1,063 renters living in 510 renter households in this City. Renters make up 21.94 percent of the population living in Van Alstyne.

What is the rental market like in Van Alstyne, Texas?

There are an estimated 2,026 housing units in the Van Alstyne area. Of these, 552 units are rental homes, making up 27 percent of the housing market. For every renter household in Van Alstyne, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Van Alstyne?

The rental vacancy rate in Van Alstyne is 8 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 Van Alstyne for each bedroom size?

Occupied Rental Units by Size in Van Alstyne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 132 235 107 36
Occupied Rental Units by Size in Van Alstyne

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

Among renter households in this market, 60 percent have housing cost burden. Further, 18 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 Van Alstyne

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 Van Alstyne, Texas

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

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 132 100 percent
Two BR 98 42 percent
Rental Units Below FMR in Van Alstyne, Texas

How many affordable rental units are in Van Alstyne?

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

Federal Program Unit Count
Low Income Housing Tax Credit 140
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in Van Alstyne, Texas

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

Income Based Apartments in Van Alstyne, Texas

Van Alstyne features 60 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 Van Alstyne, Texas

There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Van Alstyne.

Housing Choice Vouchers in Van Alstyne, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Van Alstyne, Texas for a two-bedroom apartment is between $1,104 and $1,350.

Sourced from federal housing data and AffordableHousingOnline.com research.