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

Discover affordable housing in Mckinney where there are 17+ 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.

West Ridge Villas

9331 Westridge Blvd, Mckinney, Texas 75070

Woodside Village

703 Bumpas St, Mckinney, Texas 75069

Kinwood Apartments

3300 North McDonald Street, Mckinney, Texas 75071

The Lakes of Eldorado

1400 Eldorado Pkwy, Mckinney, Texas 75069

Newsome Homes

1450 Amscott Street, Mckinney, Texas 75069

The Millennium Apartment Homes

6551 McKinney Ranch Pkwy, Mckinney, Texas 75070

The Independence

2150 Collin McKinney Pkwy., Mckinney, Texas 75070

Merritt McGowan Manor

1200 N Tennesse Street, Mckinney, Texas 75069

Post Oak Apartments

2601 McKinney Ranch Pkwy, Mckinney, Texas 75070

Skyway Villas

2000 Skyline Dr, Mckinney, Texas 75071

The Grand Reserve Seniors Community

150 Enterprise Dr, Mckinney, Texas 75069

Tuscany at Wilson Creek

451 Wilson Creek Blvd, Mckinney, Texas 75069

Country Lane Seniors Community

2401 Country View Ln, Mckinney, Texas 75069

Towne Creek

506 S Graves St, Mckinney, Texas 75069

Treymore at Mckinney

901 Wilson Creek Pkwy, Mckinney, Texas 75069

Merritt Homes

1200 N Tennessee St, Mckinney, Texas 75069

Skyline Village

Us 380, Mckinney, Texas 75069

calendar_today Opened: Jan 21
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mckinney, 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 Mckinney, Texas Affordable Housing ↓

What HUD offices serve Mckinney, 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 Mckinney, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Mckinney, Texas.

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

How many renters live in Mckinney, Texas?

The City of Mckinney has 207,506 people living in 75,237 households.

There are 69,704 renters living in 28,710 renter households in this City. Renters make up 33.59 percent of the population living in Mckinney.

What is the rental market like in Mckinney, Texas?

There are an estimated 72,132 housing units in the Mckinney area. Of these, 26,666 units are rental homes, making up 37 percent of the housing market. For every renter household in Mckinney, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Mckinney?

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

Occupied Rental Units by Size in Mckinney
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
636 7,210 7,122 5,770 2,912
Occupied Rental Units by Size in Mckinney

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

Among renter households in this market, 51 percent have housing cost burden. Further, 23 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 Mckinney

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 Mckinney, Texas

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

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 401 63 percent
One BR 5,161 72 percent
Two BR 2,407 34 percent
Rental Units Below FMR in Mckinney, Texas

How many affordable rental units are in Mckinney?

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

Federal Program Unit Count
Low Income Housing Tax Credit 2,147
Public Housing 1
Section 8 Project-Based Rental Assistance 293
Tracked Units by Federal Program in Mckinney, Texas

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

Income Based Apartments in Mckinney, Texas

Mckinney features 695 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 Mckinney, Texas

There are 2,146 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mckinney.

Housing Choice Vouchers in Mckinney, Texas

On average, Section 8 Housing Choice vouchers pay Mckinney landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Mckinney.

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

Sourced from federal housing data and AffordableHousingOnline.com research.