Low Income Apartments and Affordable Housing For Rent in Lone Oak, TX

Discover affordable housing in Lone Oak 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.

198 Rs County Rd 1622

198 Rs County Rd 1622, Lone Oak, Texas 75453

bed 3
payment $1100/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in Lone Oak, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lone Oak, 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 Lone Oak, Texas Affordable Housing ↓

How many renters live in Lone Oak, Texas?

The City of Lone Oak has people living in households.

There are renters living in renter households in this City. Renters make up 18.15 percent of the population living in Lone Oak.

What is the rental market like in Lone Oak, Texas?

There are an estimated housing units in the Lone Oak area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lone Oak, Texas, there are 1.08 rental units.

What is the vacancy rate for rentals in Lone Oak?

The rental vacancy rate in Lone Oak is 8 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 Lone Oak for each bedroom size?

Occupied Rental Units by Size in Lone Oak
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 8 25 0
Occupied Rental Units by Size in Lone Oak

A large number of apartments in Lone Oak 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 Lone Oak

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 Lone Oak, Texas

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

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 4 100 percent
Two BR 8 100 percent
Rental Units Below FMR in Lone Oak, Texas

How many affordable rental units are in Lone Oak?

Income Based Apartments in Lone Oak, Texas

Lone Oak features 0 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 Lone Oak, Texas

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

Housing Choice Vouchers in Lone Oak, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lone Oak, 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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