Low Income Apartments and Affordable Housing For Rent in Brady, TX

Discover affordable housing in Brady 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.

Trails of Brady Apartments

1915 Nine Rd, Brady, Texas 76825

M - Rhd - Brady Charger Properties

300 Otte St, Brady, Texas 76825

The Trees

503 E Main St, Brady, Texas 76825

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Brady, Texas
$19.64/hour
$12.39 (+171%) more than Texas minimum wage and $12.39 (+171%) more than the Federal minimum wage.
Learn More About Brady, Texas Affordable Housing ↓

What HUD offices serve Brady, 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 Public Housing programs for Brady, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Section 8 HCV Money Follows the Person (MFP), Public Housing Money Follows the Person (MFP) programs for Brady, Texas.

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

How many renters live in Brady, Texas?

The City of Brady has 5,129 people living in 2,107 households.

There are 1,409 renters living in 786 renter households in this City. Renters make up 27.47 percent of the population living in Brady.

What is the rental market like in Brady, Texas?

There are an estimated 2,621 housing units in the Brady area. Of these, 881 units are rental homes, making up 34 percent of the housing market. For every renter household in Brady, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Brady?

The rental vacancy rate in Brady is 11 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 Brady for each bedroom size?

Occupied Rental Units by Size in Brady
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 164 390 232 0
Occupied Rental Units by Size in Brady

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

Among renter households in this market, 35 percent have housing cost burden. Further, 9 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 Brady

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $807 to $1,541. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $807
One BR $835
Two BR $1,037
Three BR $1,254
Four BR $1,541
2024 Fair Market Rents in Brady, Texas

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

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 137 84 percent
Two BR 285 73 percent
Rental Units Below FMR in Brady, Texas

How many affordable rental units are in Brady?

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

Federal Program Unit Count
Low Income Housing Tax Credit 140
Public Housing 180
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Brady, Texas

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

Income Based Apartments in Brady, Texas

Brady features 196 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 Brady, Texas

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

Housing Choice Vouchers in Brady, Texas

On average, Section 8 Housing Choice vouchers pay Brady landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Brady.

The maximum amount a voucher would pay on behalf of a low-income tenant in Brady, Texas for a two-bedroom apartment is between $933 and $1,141.

Sourced from federal housing data and AffordableHousingOnline.com research.