Low Income Apartments and Affordable Housing For Rent in Grayson County, TX

Discover affordable housing in Grayson County where there are 21+ 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.

406 Grayson St

406 Grayson St, Pottsboro, Texas 75076

calendar_today Opened: May 9
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grayson County, Texas
$23.24/hour
$15.99 (+221%) more than Texas minimum wage and $15.99 (+221%) more than the Federal minimum wage.
Learn More About Grayson County, Texas Affordable Housing ↓

What HUD offices serve Grayson County, 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 Grayson County, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency programs for Grayson County, Texas.

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

How many renters live in Grayson County, Texas?

The County of Grayson County has 143,131 people living in 54,309 households.

There are 42,324 renters living in 16,905 renter households in this County. Renters make up 29.57 percent of the population living in Grayson County.

What is the rental market like in Grayson County, Texas?

There are an estimated 58,923 housing units in the Grayson County area. Of these, 17,915 units are rental homes, making up 30 percent of the housing market. For every renter household in Grayson County, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Grayson County?

The rental vacancy rate in Grayson County is 4 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 Grayson County for each bedroom size?

Occupied Rental Units by Size in Grayson County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
619 3,450 6,721 5,375 855
Occupied Rental Units by Size in Grayson County

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

Among renter households in this market, 52 percent have housing cost burden. Further, 24 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 Grayson County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $2,082. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $1,045
Two BR $1,227
Three BR $1,678
Four BR $2,082
2024 Fair Market Rents in Grayson County, Texas

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

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 336 54 percent
One BR 2,668 77 percent
Two BR 3,854 57 percent
Rental Units Below FMR in Grayson County, Texas

How many affordable rental units are in Grayson County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,020
Public Housing 570
Section 8 Project-Based Rental Assistance 194
Section 202 Supportive Housing for the Elderly 39
USDA Section 515 Rural Rental Housing 232
Tracked Units by Federal Program in Grayson County, Texas

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

Income Based Apartments in Grayson County, Texas

Grayson County features 905 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 Grayson County, Texas

There are 876 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grayson County.

Housing Choice Vouchers in Grayson County, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Grayson County, Texas for a two-bedroom apartment is between $1,104 and $1,350.

Sourced from federal housing data and AffordableHousingOnline.com research.