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

Discover affordable housing in Richmond where there are 27+ 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.

3822 Enclave Mist Ln

3822 Enclave Mist Ln, Richmond, Texas 77469

bed 3
payment $1780/mo.

6714 Clover Walk Ln

6714 Clover Walk Ln, Richmond, Texas 77469

bed 3
payment $1699/mo.

411 Burnet St

411 Burnet St, Richmond, Texas 77469

bed 3
payment $1300/mo.

26202 Christen Canyon Ln

26202 Christen Canyon Ln, Richmond, Texas 77406

bed 4
payment $2200/mo.

6734 Pickett Dr

6734 Pickett Dr, Richmond, Texas 77469

bed 4
payment $1739/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Campanile at Jones Creek

1717 FM 359 Rd, Richmond, Texas 77406

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Brazos Bend Villas Apartments

2020 Rocky Falls Rd, Richmond, Texas 77469

payment Subsidized

How To Identify Affordable Housing in Richmond, 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 Richmond, 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 Richmond, Texas Affordable Housing ↓

How many renters live in Richmond, Texas?

The City of Richmond has people living in households.

There are renters living in renter households in this City. Renters make up 32.2 percent of the population living in Richmond.

What is the rental market like in Richmond, Texas?

There are an estimated housing units in the Richmond area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Richmond, Texas, there are 1.04 rental units.

What is the vacancy rate for rentals in Richmond?

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

Occupied Rental Units by Size in Richmond
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
466 491 772 189 30
Occupied Rental Units by Size in Richmond

A large number of apartments in Richmond 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 Richmond

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 Richmond, Texas

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

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 148 32 percent
One BR 347 71 percent
Two BR 316 41 percent
Rental Units Below FMR in Richmond, Texas

How many affordable rental units are in Richmond?

There are a variety of federal affordable housing programs serving households in Richmond, 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 Richmond, Texas

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

Income Based Apartments in Richmond, Texas

Richmond 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 Richmond, Texas

There are 198 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond.

Housing Choice Vouchers in Richmond, Texas

On average, Section 8 Housing Choice vouchers pay Richmond landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Richmond.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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