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

Discover affordable housing in Canton where there are 2+ 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.

The Oaks of Westview

1201 W College St, Canton, Texas 75103

Canton Village Homes

13950 FM 859, Canton, Texas 75103

calendar_today Opened: Feb 25
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 Canton, Texas
$19.87/hour
$12.62 (+174%) more than Texas minimum wage and $12.62 (+174%) more than the Federal minimum wage.
Learn More About Canton, Texas Affordable Housing ↓

What HUD offices serve Canton, 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), Public Housing programs for Canton, Texas.

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

How many renters live in Canton, Texas?

The City of Canton has 4,279 people living in 1,826 households.

There are 1,426 renters living in 668 renter households in this City. Renters make up 33.33 percent of the population living in Canton.

What is the rental market like in Canton, Texas?

There are an estimated 1,990 housing units in the Canton area. Of these, 730 units are rental homes, making up 37 percent of the housing market. For every renter household in Canton, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Canton?

The rental vacancy rate in Canton is 8 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 Canton for each bedroom size?

Occupied Rental Units by Size in Canton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
43 172 203 240 10
Occupied Rental Units by Size in Canton

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

Among renter households in this market, 52 percent have housing cost burden. Further, 19 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 Canton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $711 to $1,547. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $711
One BR $798
Two BR $1,049
Three BR $1,478
Four BR $1,547
2024 Fair Market Rents in Canton, Texas

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

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 42 98 percent
One BR 48 28 percent
Two BR 137 67 percent
Rental Units Below FMR in Canton, Texas

How many affordable rental units are in Canton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 88
USDA Section 515 Rural Rental Housing 88
Tracked Units by Federal Program in Canton, Texas

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

Income Based Apartments in Canton, Texas

Canton features 88 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 Canton, Texas

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canton.

Housing Choice Vouchers in Canton, Texas

On average, Section 8 Housing Choice vouchers pay Canton landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Canton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Canton, Texas for a two-bedroom apartment is between $944 and $1,154.

Sourced from federal housing data and AffordableHousingOnline.com research.