Low Income Apartments and Affordable Housing For Rent in New Waverly, TX

Discover affordable housing in New Waverly where there are 3+ 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.

Waverly Village

255 Tafelski Rd, New Waverly, Texas 77358

bed 1-4
payment Subsidized

10 Lakeview Dr

10 Lakeview Dr, New Waverly, Texas 77358

bed 2
payment $1000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

310 Pashun Ln

310 Pashun Ln, New Waverly, Texas 77358

bed 3
payment $1600/mo.

How To Identify Affordable Housing in New Waverly, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Waverly, Texas
$22.54/hour
$15.29 (+211%) more than Texas minimum wage and $15.29 (+211%) more than the Federal minimum wage.
Learn More About New Waverly, Texas Affordable Housing ↓

What HUD offices serve New Waverly, 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) programs for New Waverly, Texas.

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

How many renters live in New Waverly, Texas?

The City of New Waverly has people living in households.

There are renters living in renter households in this City. Renters make up 35.93 percent of the population living in New Waverly.

What is the rental market like in New Waverly, Texas?

There are an estimated housing units in the New Waverly area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Waverly, Texas, there are 1.09 rental units.

What is the vacancy rate for rentals in New Waverly?

The rental vacancy rate in New Waverly is 9 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 New Waverly for each bedroom size?

Occupied Rental Units by Size in New Waverly
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 49 18 72 0
Occupied Rental Units by Size in New Waverly

A large number of apartments in New Waverly 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 New Waverly

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $807 to $2,019. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $807
One BR $1,035
Two BR $1,190
Three BR $1,441
Four BR $2,019
2024 Fair Market Rents in New Waverly, Texas

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

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 49 100 percent
Two BR 18 100 percent
Rental Units Below FMR in New Waverly, Texas

How many affordable rental units are in New Waverly?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in New Waverly, Texas

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

Income Based Apartments in New Waverly, Texas

New Waverly features 50 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 New Waverly, Texas

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

Housing Choice Vouchers in New Waverly, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in New Waverly, Texas for a two-bedroom apartment is between $1,071 and $1,309.

Sourced from federal housing data and AffordableHousingOnline.com research.

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