Low Income Apartments and Affordable Housing For Rent in Big Spring, TX

Discover affordable housing in Big Spring where there are 7+ 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.

Park Village - Big Spring

1905 Wasson Rd, Big Spring, Texas 79720

Limestone Ridge Apartments

1401 North Highway 87, Big Spring, Texas 79720

Canterbury Apartments

1700 S Lancaster St, Big Spring, Texas 79720

Heritage Heights at Big Spring

120 Airbase Rd, Big Spring, Texas 79720

Laredo Hill

1002 N Main St, Big Spring, Texas 79720

Knollwood Heights Apartments

1900 Martin Luther King Blvd, Big Spring, Texas 79720

Heights Apartments

Mlk Blvd, Big Spring, Texas 79720

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Big Spring, Texas
$22.52/hour
$15.27 (+211%) more than Texas minimum wage and $15.27 (+211%) more than the Federal minimum wage.
Learn More About Big Spring, Texas Affordable Housing ↓

What HUD offices serve Big Spring, 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) programs for Big Spring, Texas.

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

How many renters live in Big Spring, Texas?

The City of Big Spring has 25,949 people living in 8,849 households.

There are 7,524 renters living in 3,381 renter households in this City. Renters make up 29 percent of the population living in Big Spring.

What is the rental market like in Big Spring, Texas?

There are an estimated 10,275 housing units in the Big Spring area. Of these, 3,785 units are rental homes, making up 37 percent of the housing market. For every renter household in Big Spring, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Big Spring?

The rental vacancy rate in Big Spring is 9 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 Big Spring for each bedroom size?

Occupied Rental Units by Size in Big Spring
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
114 879 1,413 810 165
Occupied Rental Units by Size in Big Spring

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

Among renter households in this market, 38 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 Big Spring

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $942 to $1,767. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $942
One BR $959
Two BR $1,189
Three BR $1,438
Four BR $1,767
2024 Fair Market Rents in Big Spring, Texas

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

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 79 69 percent
One BR 596 68 percent
Two BR 904 64 percent
Rental Units Below FMR in Big Spring, Texas

How many affordable rental units are in Big Spring?

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

Federal Program Unit Count
Low Income Housing Tax Credit 464
Section 8 Project-Based Rental Assistance 311
Tracked Units by Federal Program in Big Spring, Texas

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

Income Based Apartments in Big Spring, Texas

Big Spring features 323 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 Big Spring, Texas

There are 238 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Spring.

Housing Choice Vouchers in Big Spring, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Big Spring, Texas for a two-bedroom apartment is between $1,070 and $1,308.

Sourced from federal housing data and AffordableHousingOnline.com research.