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

Discover affordable housing in Salado 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.

Hidden Glen

251 Mary Lane, Salado, Texas 76571

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Salado, Texas
$21.50/hour
$14.25 (+197%) more than Texas minimum wage and $14.25 (+197%) more than the Federal minimum wage.
Learn More About Salado, Texas Affordable Housing ↓

What HUD offices serve Salado, 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), Mainstream Voucher programs for Salado, Texas.

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

How many renters live in Salado, Texas?

The City of Salado has 2,585 people living in 978 households.

There are 473 renters living in 169 renter households in this City. Renters make up 18.3 percent of the population living in Salado.

What is the rental market like in Salado, Texas?

There are an estimated 1,088 housing units in the Salado area. Of these, 179 units are rental homes, making up 16 percent of the housing market. For every renter household in Salado, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Salado?

The rental vacancy rate in Salado is 6 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 Salado for each bedroom size?

Occupied Rental Units by Size in Salado
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 82 87 0
Occupied Rental Units by Size in Salado

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

Among renter households in this market, 25 percent have housing cost burden. Further, 14 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 Salado

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $895 to $1,926. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $895
One BR $900
Two BR $1,135
Three BR $1,599
Four BR $1,926
2024 Fair Market Rents in Salado, Texas

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

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
Two BR 69 84 percent
Rental Units Below FMR in Salado, Texas

How many affordable rental units are in Salado?

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

Federal Program Unit Count
Low Income Housing Tax Credit 50
Tracked Units by Federal Program in Salado, Texas

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

Income Based Apartments in Salado, Texas

Salado 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 Salado, Texas

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salado.

Housing Choice Vouchers in Salado, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Salado, Texas for a two-bedroom apartment is between $1,022 and $1,249.

Sourced from federal housing data and AffordableHousingOnline.com research.