Low Income Apartments and Affordable Housing For Rent in Canyon Lake, TX

Discover affordable housing in Canyon Lake where there are 66+ 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.

Residence at Canyon Lake

1500 Island View, Canyon Lake, Texas 78133

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

The Residence at Overlook Ridge

12565 FM 306, Canyon Lake, Texas 78133

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based

2458 Broken Arrow

2458 Broken Arrow, Canyon Lake, Texas 78130

bed 4
payment $1695/mo.

2864 Rosefinch

2864 Rosefinch, Canyon Lake, Texas 78130

bed 4
payment $1950/mo.

230 Stacy Ln

230 Stacy Ln, Canyon Lake, Texas 78130

bed 3
payment $1600/mo.

1101 Parkview Dr Unit B15

1101 Parkview Dr Unit B15, Canyon Lake, Texas 78133

bed 3
payment $1600/mo.

2864 Rosefinch

2864 Rosefinch, Canyon Lake, Texas 78130

bed 4
payment $1875/mo.

2410 Broken Arrow None

2410 Broken Arrow None, Canyon Lake, Texas 78130

bed 4
payment $1750/mo.

236 Rosalie DriveUnit A

236 Rosalie DriveUnit A, Canyon Lake, Texas 78130

bed 2
payment $1400/mo.

2442 Broken Arrow None

2442 Broken Arrow None, Canyon Lake, Texas 78130

bed 4
payment $1850/mo.

3955 Turtle Crk

3955 Turtle Crk, Canyon Lake, Texas 78132

bed 3
payment $1795/mo.

20045 FM306 Unit 110

20045 FM306 Unit 110, Canyon Lake, Texas 78133

bed 2
payment $1250/mo.

1010 Rockmoor

1010 Rockmoor, Canyon Lake, Texas 78133

bed 1
payment $1125/mo.

230 Stacy Ln

230 Stacy Ln, Canyon Lake, Texas 78130

bed 3
payment $1600/mo.

350 Duck Mountain Ln

350 Duck Mountain Ln, Canyon Lake, Texas 78133

bed 3
payment $1280/mo.

2410 Broken Arrow

2410 Broken Arrow, Canyon Lake, Texas 78130

bed 4
payment $1750/mo.

442 Russian Sage

442 Russian Sage, Canyon Lake, Texas 78130

bed 4
payment $1899/mo.

390 Yorktown Dr

390 Yorktown Dr, Canyon Lake, Texas 78133

bed 3
payment $1650/mo.

544 Dakota Crk

544 Dakota Crk, Canyon Lake, Texas 78130

bed 3
payment $1750/mo.

2561 Solon Ln

2561 Solon Ln, Canyon Lake, Texas 78130

bed 3
payment $1700/mo.

How To Identify Affordable Housing in Canyon Lake, Texas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Canyon Lake, Texas
$27.61/hour
$20.36 (+281%) more than Texas minimum wage and $20.36 (+281%) more than the Federal minimum wage.
Learn More About Canyon Lake, Texas Affordable Housing ↓

What HUD offices serve Canyon Lake, 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 Canyon Lake, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Section 8 Project-Based Voucher (PBV) programs for Canyon Lake, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Canyon Lake, Texas.

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

How many renters live in Canyon Lake, Texas?

The City of Canyon Lake has people living in households.

There are renters living in renter households in this City. Renters make up 12.73 percent of the population living in Canyon Lake.

What is the rental market like in Canyon Lake, Texas?

There are an estimated housing units in the Canyon Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Canyon Lake, Texas, there are 1.14 rental units.

What is the vacancy rate for rentals in Canyon Lake?

The rental vacancy rate in Canyon Lake is 12 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 Canyon Lake for each bedroom size?

Occupied Rental Units by Size in Canyon Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
196 138 776 508 67
Occupied Rental Units by Size in Canyon Lake

A large number of apartments in Canyon Lake have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Canyon Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,067 to $2,206. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,067
One BR $1,197
Two BR $1,458
Three BR $1,846
Four BR $2,206
2024 Fair Market Rents in Canyon Lake, Texas

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

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 61 31 percent
One BR 118 86 percent
Two BR 541 70 percent
Rental Units Below FMR in Canyon Lake, Texas

How many affordable rental units are in Canyon Lake?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Canyon Lake, Texas

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

Income Based Apartments in Canyon Lake, Texas

Canyon Lake features 0 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 Canyon Lake, Texas

There are 65 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canyon Lake.

Housing Choice Vouchers in Canyon Lake, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Canyon Lake, Texas for a two-bedroom apartment is between $1,312 and $1,604.

Sourced from federal housing data and AffordableHousingOnline.com research.

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