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

Discover affordable housing in Itasca where there are 1+ 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.

Lamar Park Apts

210 South Lamar, Itasca, Texas

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Itasca, Texas
$19.00/hour
$11.75 (+162%) more than Texas minimum wage and $11.75 (+162%) more than the Federal minimum wage.
Learn More About Itasca, Texas Affordable Housing ↓

What HUD offices serve Itasca, 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, Rental Assistance Demonstration (RAD) programs for Itasca, Texas.

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

How many renters live in Itasca, Texas?

The City of Itasca has 2,025 people living in 673 households.

There are 425 renters living in 177 renter households in this City. Renters make up 20.99 percent of the population living in Itasca.

What is the rental market like in Itasca, Texas?

There are an estimated 721 housing units in the Itasca area. Of these, 177 units are rental homes, making up 25 percent of the housing market. For every renter household in Itasca, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Itasca?

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

Occupied Rental Units by Size in Itasca
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 49 58 46 24
Occupied Rental Units by Size in Itasca

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

Among renter households in this market, 30 percent have housing cost burden. Further, 13 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 Itasca

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $680 to $1,595. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $680
One BR $789
Two BR $1,003
Three BR $1,313
Four BR $1,595
2024 Fair Market Rents in Itasca, Texas

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

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
One BR 47 96 percent
Two BR 30 52 percent
Rental Units Below FMR in Itasca, Texas

How many affordable rental units are in Itasca?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 11
Tracked Units by Federal Program in Itasca, Texas

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

Income Based Apartments in Itasca, Texas

Itasca features 11 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 Itasca, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Itasca.

Housing Choice Vouchers in Itasca, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Itasca, Texas for a two-bedroom apartment is between $903 and $1,103.

Sourced from federal housing data and AffordableHousingOnline.com research.