Low Income Apartments and Affordable Housing For Rent in Terrebonne Parish, LA

Discover affordable housing in Terrebonne Parish where there are 9+ 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.

Academy Place Apartments

311 Academy St, Houma, Louisiana 70360

Bonne Terre Village II

216 Barataria Ave, Houma, Louisiana 70360

Bayou Bend Apartments

109 Charlotte St, Gray, Louisiana 70359

Tcoa Elderly Housing

6512 W Main St, Houma, Louisiana 70360

Bayou Towers

7491 Park Ave, Houma, Louisiana 70364

Senator Circle

101A Senator Cir, Houma, Louisiana 70363

Cedar Court Apartments

201 Hill Ct, Houma, Louisiana 70364

Taddy Village

411 Bayou Gardens Blvd, Houma, Louisiana 70364

Terrebonne Elderly Apartments

207 E Main St, Houma, Louisiana 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Terrebonne Parish, Louisiana
$21.16/hour
$13.91 (+192%) more than Louisiana minimum wage and $13.91 (+192%) more than the Federal minimum wage.
Learn More About Terrebonne Parish, Louisiana Affordable Housing ↓

What HUD offices serve Terrebonne Parish, 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) programs for Terrebonne Parish, Louisiana.

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

How many renters live in Terrebonne Parish, Louisiana?

The County of Terrebonne Parish has 104,786 people living in 40,011 households.

There are 17,737 renters living in 8,171 renter households in this County. Renters make up 16.93 percent of the population living in Terrebonne Parish.

What is the rental market like in Terrebonne Parish, Louisiana?

There are an estimated 47,314 housing units in the Terrebonne Parish area. Of these, 11,263 units are rental homes, making up 24 percent of the housing market. For every renter household in Terrebonne Parish, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Terrebonne Parish?

The rental vacancy rate in Terrebonne Parish is 4 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 Terrebonne Parish for each bedroom size?

Occupied Rental Units by Size in Terrebonne Parish
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
228 2,876 3,319 4,026 258
Occupied Rental Units by Size in Terrebonne Parish

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

Among renter households in this market, 31 percent have housing cost burden. Further, 21 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 Terrebonne Parish

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $757 to $1,519. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $757
One BR $900
Two BR $1,117
Three BR $1,397
Four BR $1,519
2024 Fair Market Rents in Terrebonne Parish, Louisiana

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

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
Studio 121 53 percent
One BR 1,729 60 percent
Two BR 1,818 55 percent
Rental Units Below FMR in Terrebonne Parish, Louisiana

How many affordable rental units are in Terrebonne Parish?

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

Federal Program Unit Count
Low Income Housing Tax Credit 183
Section 8 Project-Based Rental Assistance 4
Section 202 Supportive Housing for the Elderly 49
Section 811 Supportive Housing for Persons with Disabilities 36
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in Terrebonne Parish, Louisiana

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

Income Based Apartments in Terrebonne Parish, Louisiana

Terrebonne Parish features 681 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 Terrebonne Parish, Louisiana

There are 153 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Terrebonne Parish.

Housing Choice Vouchers in Terrebonne Parish, Louisiana

On average, Section 8 Housing Choice vouchers pay Terrebonne Parish landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Terrebonne Parish.

The maximum amount a voucher would pay on behalf of a low-income tenant in Terrebonne Parish, Louisiana for a two-bedroom apartment is between $1,005 and $1,229.

Sourced from federal housing data and AffordableHousingOnline.com research.