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Affordable Housing In Laredo
Webb County, Texas

22 Low Income Apartment Communities In Laredo

Laredo Manor Apts.

300 East Mann Road
Laredo, Texas
$532-745
1-3 BR
Subsidized

Laredo Senior Citizens

700 Juarez Ave
Laredo, Texas
Call For Rent
1-2 BR
55+
Accessible
62+

Casa Verde Apartments

8501 Casa Verde Road
Laredo, Texas
$511-975
1-3 BR
Accepts Vouchers

Rosemont at Laredo Vista

5606 Saint David
Laredo, Texas
Call For Rent
2-4 BR
Accepts Vouchers

Colonia Guadalupe

622 Park St
Laredo, Texas
Call For Rent
1-4 BR
Family & Senior

Russell Terrace Revitalization Project

3101 Springfield Ave
Laredo, Texas
Call For Rent
1-4 BR

Springfield Acres

2802 Santa Maria Ave
Laredo, Texas
Family & Senior

Cherry Hills Apartments

1300 E Calton Rd
Laredo, Texas
Subsidized

Meadow Housing and South Laredo

1637 E Elm Loop
Laredo, Texas
Family & Senior

Tanis Valdez Village

300 Allende St
Laredo, Texas
Subsidized
62+
Accessible
Elderly Supportive Housing

Housing Authorities that serve Laredo

Housing Authority Programs
Housing Authority of the City of Laredo Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD); Moderate Rehabilitation

Guide To Affordable Housing in Laredo, Texas

There are 22 low income housing apartment communities offering 2,017 affordable apartments for rent in Laredo, Texas.

Income Based Apartments in Laredo, Texas

Laredo features 1,280 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 Laredo, Texas

There are 737 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Laredo.

Housing Choice Vouchers in Laredo, Texas

On average, Section 8 Housing Choice vouchers pay Laredo landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Laredo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Laredo, Texas for a two-bedroom apartment is between $776 and $948.

2020 Laredo, Texas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $683 $687 $862 $1,132 $1,293
Payment Standard Range $615 to $751 $618 to $756 $776 to $948 $1,019 to $1,245 $1,164 to $1,422

Sourced from federal housing data and AffordableHousingOnline.com research.

Laredo, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 2,017
Total Housing Units with Rental Assistance 1,280
Percentage of Housing Units Occupied By Renters 37.6%
Average Renter Household Size 3.60
Average Household Size 3.70
Median Household Income $39,711 ±$1,254
Median Rent $763 ±$11
Percentage Of Renters Overburdened 50.08% ± 2.84pp
Total Population 248,855

Population and Household Demographics

Laredo is a City in Webb County, Texas with a population of 248,855. There are 66,308 households in the city with an average household size of 3.70 persons. 37.6% of households in Laredo are renters.

Income and Rent Overburden in Laredo

The median gross income for households in Laredo is $39,711 a year, or $3,309 a month. The median rent for the city is $763 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Laredo, a household making less than $2,543 a month would be considered overburdened when renting an apartment at or above the median rent. 50.08% of households who rent are overburdened in Laredo.1

Area Median Income In Laredo

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Laredo, the AMI is calculated from all households within Webb County.

In Laredo, HUD calculates the Area Median Income for a family of four as $40,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Laredo

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Laredo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,050 $36,400 $38,750
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
80% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000