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

Discover affordable housing in Lake Dallas where there are 4+ 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.

Ashleye Village

155 W Overly Dr, Lake Dallas, Texas 75065

bed 1-3
payment $1355-1840/mo.

215 Folly Beach Dr Unit 215 C

215 Folly Beach Dr Unit 215 C, Lake Dallas, Texas 75065

bed 1
payment $1250/mo.

Shady Shores Apartments

401 N Shady Shores Dr, Lake Dallas, Texas 75065

bed 1-2
payment $678-778/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Ashleyer Village Apartments

155 W Overly Dr, Lake Dallas, Texas 75065

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Lake Dallas, 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.
calendar_today Opened: Jan 21
Open Until Further Notice
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Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake Dallas, Texas
$33.30/hour
$26.05 (+359%) more than Texas minimum wage and $26.05 (+359%) more than the Federal minimum wage.
Learn More About Lake Dallas, Texas Affordable Housing ↓

What HUD offices serve Lake Dallas, 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, Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Lake Dallas, Texas.

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

How many renters live in Lake Dallas, Texas?

The City of Lake Dallas has people living in households.

There are renters living in renter households in this City. Renters make up 24.24 percent of the population living in Lake Dallas.

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

There are an estimated housing units in the Lake Dallas area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Dallas, Texas, there are 1.2 rental units.

What is the vacancy rate for rentals in Lake Dallas?

The rental vacancy rate in Lake Dallas is 7 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 Lake Dallas for each bedroom size?

Occupied Rental Units by Size in Lake Dallas
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 364 334 95 0
Occupied Rental Units by Size in Lake Dallas

A large number of apartments in Lake Dallas 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 Lake Dallas

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,426
One BR $1,500
Two BR $1,758
Three BR $2,212
Four BR $2,847
2024 Fair Market Rents in Lake Dallas, Texas

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

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 364 100 percent
Two BR 73 22 percent
Rental Units Below FMR in Lake Dallas, Texas

How many affordable rental units are in Lake Dallas?

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

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

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

Income Based Apartments in Lake Dallas, Texas

Lake Dallas features 40 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 Lake Dallas, Texas

There are 184 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Dallas.

Housing Choice Vouchers in Lake Dallas, Texas

On average, Section 8 Housing Choice vouchers pay Lake Dallas landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lake Dallas.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Dallas, Texas for a two-bedroom apartment is between $1,582 and $1,934.

Sourced from federal housing data and AffordableHousingOnline.com research.

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