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

Discover affordable housing in Buda where there are 4+ 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.

Onion Creek Village

Ih 35, Buda, Texas 78610

Creekside Villas Senior Village

590 Farm to Market 967, Buda, Texas 78610

Tuscany Park at Buda

5500 Overpass Rd, Buda, Texas 78610

Huntington

1255 Firecracker, Buda, Texas 78610

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Buda, Texas
$36.44/hour
$29.19 (+403%) more than Texas minimum wage and $29.19 (+403%) more than the Federal minimum wage.
Learn More About Buda, Texas Affordable Housing ↓

How many renters live in Buda, Texas?

The City of Buda has 14,997 people living in 5,695 households.

There are 3,367 renters living in 1,572 renter households in this City. Renters make up 22.45 percent of the population living in Buda.

What is the rental market like in Buda, Texas?

There are an estimated 5,953 housing units in the Buda area. Of these, 1,572 units are rental homes, making up 26 percent of the housing market. For every renter household in Buda, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Buda?

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

Occupied Rental Units by Size in Buda
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
55 581 429 375 132
Occupied Rental Units by Size in Buda

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

Among renter households in this market, 41 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 Buda

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,519 to $2,840. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,519
One BR $1,635
Two BR $1,924
Three BR $2,470
Four BR $2,840
2024 Fair Market Rents in Buda, Texas

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

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 55 100 percent
One BR 421 72 percent
Two BR 72 17 percent
Rental Units Below FMR in Buda, Texas

How many affordable rental units are in Buda?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Buda, Texas

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

Income Based Apartments in Buda, Texas

Buda 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 Buda, Texas

There are 440 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buda.

Housing Choice Vouchers in Buda, Texas

On average, Section 8 Housing Choice vouchers pay Buda landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Buda.

The maximum amount a voucher would pay on behalf of a low-income tenant in Buda, Texas for a two-bedroom apartment is between $1,732 and $2,116.

Sourced from federal housing data and AffordableHousingOnline.com research.