Low Income Apartments and Affordable Housing For Rent in Marble Falls, TX

Discover affordable housing in Marble Falls where there are 8+ 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.

Highview Retirement Village Apartments

200 Highway 1431, Marble Falls, Texas 78654

Rivercrest Apartments

1102 Avenue K, Marble Falls, Texas 78654

Highland Oaks Apartments

1600 Mustang Dr, Marble Falls, Texas 78654

The Vista Apartments

1700 Mustang Dr, Marble Falls, Texas 78654

Alta Vista I and II

1001 Pecan Valley Dr, Marble Falls, Texas 78654

Race Street Lofts

1110 Broadway St, Marble Falls, Texas 78654

Marble Falls Housing Dev Cor

1106 Brazos, Marble Falls, Texas 78654

Texas

1508 5th St, Marble Falls, Texas 78654

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marble Falls, Texas
$21.55/hour
$14.30 (+197%) more than Texas minimum wage and $14.30 (+197%) more than the Federal minimum wage.
Learn More About Marble Falls, Texas Affordable Housing ↓

What HUD offices serve Marble Falls, 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 programs for Marble Falls, Texas.

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

How many renters live in Marble Falls, Texas?

The City of Marble Falls has 7,068 people living in 2,791 households.

There are 3,884 renters living in 1,469 renter households in this City. Renters make up 54.95 percent of the population living in Marble Falls.

What is the rental market like in Marble Falls, Texas?

There are an estimated 3,221 housing units in the Marble Falls area. Of these, 1,642 units are rental homes, making up 51 percent of the housing market. For every renter household in Marble Falls, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Marble Falls?

The rental vacancy rate in Marble Falls is 5 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 Marble Falls for each bedroom size?

Occupied Rental Units by Size in Marble Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
44 334 470 583 26
Occupied Rental Units by Size in Marble Falls

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

Among renter households in this market, 48 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 Marble Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $879 to $1,637. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $879
One BR $885
Two BR $1,138
Three BR $1,604
Four BR $1,637
2024 Fair Market Rents in Marble Falls, Texas

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

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 0 100 percent
One BR 186 56 percent
Two BR 244 52 percent
Rental Units Below FMR in Marble Falls, Texas

How many affordable rental units are in Marble Falls?

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

Federal Program Unit Count
Low Income Housing Tax Credit 424
Section 8 Project-Based Rental Assistance 91
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Marble Falls, Texas

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

Income Based Apartments in Marble Falls, Texas

Marble Falls features 156 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 Marble Falls, Texas

There are 269 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marble Falls.

Housing Choice Vouchers in Marble Falls, Texas

On average, Section 8 Housing Choice vouchers pay Marble Falls landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Marble Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marble Falls, Texas for a two-bedroom apartment is between $1,024 and $1,252.

Sourced from federal housing data and AffordableHousingOnline.com research.