Low Income Apartments and Affordable Housing For Rent in Broussard, LA

Discover affordable housing in Broussard 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.

Ridgeview Apartments

125 Ridgeview Dr, Broussard, Louisiana 70518

Village South Apartments

910 S. Morgan Rd, Broussard, Louisiana

Eola Manor

1205 Landry Garber Rd, Broussard, Louisiana 70518

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Broussard, Louisiana
$12.33 (+170%) more than Louisiana minimum wage and $12.33 (+170%) more than the Federal minimum wage.
Learn More About Broussard, Louisiana Affordable Housing ↓

How many renters live in Broussard, Louisiana?

The City of Broussard has 13,322 people living in 4,396 households.

There are 2,826 renters living in 879 renter households in this City. Renters make up 21.21 percent of the population living in Broussard.

What is the rental market like in Broussard, Louisiana?

There are an estimated 5,143 housing units in the Broussard area. Of these, 954 units are rental homes, making up 19 percent of the housing market. For every renter household in Broussard, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Broussard?

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

Occupied Rental Units by Size in Broussard
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 133 299 419 28
Occupied Rental Units by Size in Broussard

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

Among renter households in this market, 39 percent have housing cost burden. Further, 14 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 Broussard

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $701 to $1,755. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $701
One BR $921
Two BR $1,034
Three BR $1,344
Four BR $1,755
2024 Fair Market Rents in Broussard, Louisiana

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

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 25 19 percent
Two BR 183 61 percent
Rental Units Below FMR in Broussard, Louisiana

How many affordable rental units are in Broussard?

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

Federal Program Unit Count
Low Income Housing Tax Credit 234
Section 8 Project-Based Rental Assistance 1
Section 811 Supportive Housing for Persons with Disabilities 1
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Broussard, Louisiana

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

Income Based Apartments in Broussard, Louisiana

Broussard features 44 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 Broussard, Louisiana

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broussard.

Housing Choice Vouchers in Broussard, Louisiana

On average, Section 8 Housing Choice vouchers pay Broussard landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Broussard.

The maximum amount a voucher would pay on behalf of a low-income tenant in Broussard, Louisiana for a two-bedroom apartment is between $931 and $1,137.

Sourced from federal housing data and AffordableHousingOnline.com research.