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

Discover affordable housing in Mckinney where there are 83+ 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.

Treymore at Mckinney

901 Wilson Creek Pkwy, Mckinney, Texas 75069

switch_access_shortcut Short Wait
accessibility Accessible

Merritt Homes

1200 N Tennessee St, Mckinney, Texas 75069

payment Subsidized

Skyline Village

Us 380, Mckinney, Texas 75069

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Mckinney, 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 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 people living in households.

There are renters living in 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 housing units in the Mckinney area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mckinney, Texas, there are 0.93 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 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
Public Housing
Section 8 Project-Based Rental Assistance
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 2,914 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.

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