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

Discover affordable housing in Menard where there are 2+ 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.

Deer Creek Apartments

507 Mesquite St, Menard, Texas 76859

Silver Trails

403 Mesquite St, Menard, Texas 76859

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Menard, Texas
$17.14/hour
$9.89 (+136%) more than Texas minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Menard, Texas Affordable Housing ↓

How many renters live in Menard, Texas?

The City of Menard has 1,356 people living in 705 households.

There are 409 renters living in 194 renter households in this City. Renters make up 30.16 percent of the population living in Menard.

What is the rental market like in Menard, Texas?

There are an estimated 900 housing units in the Menard area. Of these, 203 units are rental homes, making up 23 percent of the housing market. For every renter household in Menard, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Menard?

The rental vacancy rate in Menard is 4 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 Menard for each bedroom size?

Occupied Rental Units by Size in Menard
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 83 77 25 9
Occupied Rental Units by Size in Menard

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

Among renter households in this market, 28 percent have housing cost burden. Further, 12 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 Menard

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $705 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $705
One BR $729
Two BR $905
Three BR $1,275
Four BR $1,345
2024 Fair Market Rents in Menard, Texas

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

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 31 37 percent
Two BR 64 83 percent
Rental Units Below FMR in Menard, Texas

How many affordable rental units are in Menard?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Menard, Texas

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

Income Based Apartments in Menard, Texas

Menard features 40 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 Menard, Texas

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

Housing Choice Vouchers in Menard, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Menard, Texas for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.