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

Discover affordable housing in Grayson where there are 1+ 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.

Pine Terrace Apts

126 Pine Terrace Ln, Grayson, Louisiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Grayson, Louisiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Jul 2
Open Until Further Notice
calendar_month

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grayson, Louisiana
$17.97/hour
$10.72 (+148%) more than Louisiana minimum wage and $10.72 (+148%) more than the Federal minimum wage.
Learn More About Grayson, Louisiana Affordable Housing ↓

What HUD offices serve Grayson, Louisiana?

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 programs for Grayson, Louisiana.

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

How many renters live in Grayson, Louisiana?

The City of Grayson has people living in households.

There are renters living in renter households in this City. Renters make up 55.29 percent of the population living in Grayson.

What is the rental market like in Grayson, Louisiana?

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

What is the vacancy rate for rentals in Grayson?

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

Occupied Rental Units by Size in Grayson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 6 56 47 3
Occupied Rental Units by Size in Grayson

A large number of apartments in Grayson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Grayson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $710 to $1,376. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $710
One BR $722
Two BR $949
Three BR $1,147
Four BR $1,376
2024 Fair Market Rents in Grayson, Louisiana

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

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 0 100 percent
Two BR 39 70 percent
Rental Units Below FMR in Grayson, Louisiana

How many affordable rental units are in Grayson?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Grayson, Louisiana

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

Income Based Apartments in Grayson, Louisiana

Grayson features 32 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 Grayson, Louisiana

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

Housing Choice Vouchers in Grayson, Louisiana

On average, Section 8 Housing Choice vouchers pay Grayson landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Grayson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grayson, Louisiana for a two-bedroom apartment is between $854 and $1,044.

Sourced from federal housing data and AffordableHousingOnline.com research.

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