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

Discover affordable housing in Montgomery 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.

The Heritage Senior Apartments

325 Flagship Boulevard, Montgomery, Texas 77316

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Montgomery, Texas
$25.70/hour
$18.45 (+254%) more than Texas minimum wage and $18.45 (+254%) more than the Federal minimum wage.
Learn More About Montgomery, Texas Affordable Housing ↓

What HUD offices serve Montgomery, 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), Family Self-Sufficiency programs for Montgomery, Texas.

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

How many renters live in Montgomery, Texas?

The City of Montgomery has 1,620 people living in 637 households.

There are 597 renters living in 251 renter households in this City. Renters make up 36.85 percent of the population living in Montgomery.

What is the rental market like in Montgomery, Texas?

There are an estimated 774 housing units in the Montgomery area. Of these, 283 units are rental homes, making up 37 percent of the housing market. For every renter household in Montgomery, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Montgomery?

The rental vacancy rate in Montgomery is 11 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 Montgomery for each bedroom size?

Occupied Rental Units by Size in Montgomery
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 86 81 53 31
Occupied Rental Units by Size in Montgomery

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

Among renter households in this market, 61 percent have housing cost burden. Further, 38 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 Montgomery

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,073 to $2,303. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,073
One BR $1,135
Two BR $1,357
Three BR $1,792
Four BR $2,303
2024 Fair Market Rents in Montgomery, Texas

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

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 24 28 percent
Two BR 56 69 percent
Rental Units Below FMR in Montgomery, Texas

How many affordable rental units are in Montgomery?

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

Federal Program Unit Count
Low Income Housing Tax Credit 144
Section 811 Supportive Housing for Persons with Disabilities 14
Tracked Units by Federal Program in Montgomery, Texas

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

Income Based Apartments in Montgomery, Texas

Montgomery 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 Montgomery, Texas

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery.

Housing Choice Vouchers in Montgomery, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery, Texas for a two-bedroom apartment is between $1,221 and $1,493.

Sourced from federal housing data and AffordableHousingOnline.com research.