Cheap Apartments In Austin
Travis County, Texas

Villas on Sixth

2011 E 6th St
Austin, TX
1-3 BR
HCV Welcome

Quail Park Village

9920 Quail Bouldevard
Austin, TX
1-3 BR
Subsidized

The Flagship

1312 Lamar Square Dr
Austin, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Cornerstone

1322 Lamar Square Dr
Austin, TX
Accessible
HCV Welcome

Esct Austin Housing II

7685 Northcross Drive
Austin, TX
Accessible
Disabled Supportive Housing
Subsidized

Benjamin Todd Apartments

1507 W 39th 1/2 Street
Austin, TX
Accessible
Disabled Supportive Housing
Subsidized

Kinney Avenue Apartments

1703 Kinney Avenue
Austin, TX
Accessible
Disabled Supportive Housing
Subsidized

Runnymede Apartments

1101 Rutland Drive
Austin, TX
HCV Welcome

East 12th Street Apartments

3005 E 12th Stret
Austin, TX
Accessible
Disabled Supportive Housing
Subsidized

Stassney Apartments

5600 Nancy Drive
Austin, TX
Accessible
Disabled Supportive Housing
Subsidized

There are 138 low income housing apartment complexes which contain 13,418 affordable apartments for rent in Austin, Texas. Many of these rental apartments are income based housing with about 4,436 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 1,867 Project-Based Section 8 subsidized apartments in Austin. There are 8,465 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Austin

Other Housing Authorities located in Austin

The Housing Authority of Travis County is a Section 8 and Public Housing public housing agency in Austin, Texas.

The Texas Department of Housing and Community Affairs is a Section 8 public housing agency in Austin, Texas.

Understanding Affordable Housing in Austin, Texas

Austin, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 138
Total Low Income Apartments 13,418
Total Rent Assisted Apartments 4,436
Percentage of Housing Units Occupied By Renters 55.19%
Average Renter Household Size 2.31
Total Population 887,061
Housing Units 351,195
Average Household Size 2.47
Median Household Income $57,689 ±$794
Median Rent $1,047 ±$8
Percentage Of Renters Overburdened 47.78% ± 0.98pp

Population and Household Demographics

Austin is a City in Travis County, Texas with a population of 887,061. There are 351,195 households in the city with an average household size of 2.47 persons. 55.19% of households in Austin are renters.

Income and Rent Overburden in Austin

The median gross income for households in Austin is $57,689 a year, or $4,807 a month. The median rent for the city is $1,047 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Austin, a household making less than $3,490 a month would be considered overburdened when renting an apartment at or above the median rent. 47.78% of households who rent are overburdened in Austin.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 0.98 percentage points.

Area Median Income In Austin

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Austin, the AMI is calculated from all households within Travis County.

In Austin, HUD calculates the Area Median Income for a family of four as $86,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Austin

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Austin HUD Rental Assistance in Austin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,100 $20,650 $23,250 $25,800 $29,420 $33,740 $38,060 $42,380
50% of Median $30,100 $34,400 $38,700 $43,000 $46,450 $49,900 $53,350 $56,800
80% of Median $48,200 $55,050 $61,950 $68,800 $74,350 $79,850 $85,350 $90,850

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Austin

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2007, 80 low income apartment communities containing 7,481 rental apartments have been constructed and made affordable to low income persons in Austin by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Austin by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Austin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,100 $34,400 $38,700 $43,000 $46,450 $49,900 $53,350 $56,800
HERA 50% $31,000 $35,400 $39,850 $44,250 $47,800 $51,350 $54,900 $58,450
60% of Median $36,120 $41,280 $46,440 $51,600 $55,740 $59,880 $64,020 $68,160
HERA 60% $37,200 $42,480 $47,820 $53,100 $57,360 $61,620 $65,880 $70,140

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Austin is $46,440 a year, or $3,870 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,870 by 30% to get a maximum rent of $1,161 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $753 $806 $968 $1,118 $1,248 $1,377
60% $903 $968 $1,161 $1,342 $1,497 $1,652
Fair Market Rents in Austin

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2018 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$860 $1,023 $1,251 $1,679 $2,018