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

Discover affordable housing in Granbury 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.

Hill Court Villas

1111 Hill Blvd, Granbury, Texas 76048

Granbury Meadows Apartments

1201 N Meadows Dr, Granbury, Texas 76048

Granbury Heights

1705 W. Pearl Street, Granbury, Texas

Cross Acres and Allen Meadows

104 E Rucker St, Granbury, Texas 76048

M538088, 1275 North Meadow Drive

1275 N Meadows Dr, Granbury, Texas 76048

Anothony Lemaster

1200 N Meadows Dr, Granbury, Texas 76048

M536270, 1300 North Meadow Drive

1300 N Meadows Dr, Granbury, Texas 76048

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Granbury, Texas
$25.47/hour
$18.22 (+251%) more than Texas minimum wage and $18.22 (+251%) more than the Federal minimum wage.
Learn More About Granbury, Texas Affordable Housing ↓

What HUD offices serve Granbury, 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 Granbury, Texas.

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

How many renters live in Granbury, Texas?

The City of Granbury has 11,218 people living in 5,165 households.

There are 4,300 renters living in 2,156 renter households in this City. Renters make up 38.33 percent of the population living in Granbury.

What is the rental market like in Granbury, Texas?

There are an estimated 6,058 housing units in the Granbury area. Of these, 2,620 units are rental homes, making up 43 percent of the housing market. For every renter household in Granbury, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Granbury?

The rental vacancy rate in Granbury is 18 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 Granbury for each bedroom size?

Occupied Rental Units by Size in Granbury
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
51 948 784 316 41
Occupied Rental Units by Size in Granbury

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

Among renter households in this market, 63 percent have housing cost burden. Further, 34 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 Granbury

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $912 to $2,091. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $912
One BR $1,101
Two BR $1,345
Three BR $1,626
Four BR $2,091
2024 Fair Market Rents in Granbury, Texas

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

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 25 49 percent
One BR 421 44 percent
Two BR 321 41 percent
Rental Units Below FMR in Granbury, Texas

How many affordable rental units are in Granbury?

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

Federal Program Unit Count
Low Income Housing Tax Credit 84
Public Housing 100
USDA Section 515 Rural Rental Housing 106
Tracked Units by Federal Program in Granbury, Texas

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

Income Based Apartments in Granbury, Texas

Granbury features 206 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 Granbury, Texas

There are 111 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granbury.

Housing Choice Vouchers in Granbury, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Granbury, Texas for a two-bedroom apartment is between $1,211 and $1,480.

Sourced from federal housing data and AffordableHousingOnline.com research.