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

Discover affordable housing in Sherman where there are 51+ 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.

Villas of Sherman

1212 W Center St, Sherman, Texas 75092

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Travis Park RGLLC

826 S Travis St, Sherman, Texas 75090

bed 2
payment $1200/mo.

Easton Parc

1600 LaSalle Dr, Sherman, Texas 75090

bed Studio-2
payment $799-999/mo.

Castle Hill Apartments

2700 S Travis St, Sherman, Texas 75090

bed Studio-2
payment $803-1097/mo.

23Hundred

2300 W Taylor St, Sherman, Texas 75092

bed 1-2
payment $882-1068/mo.

RIVER RANCH APARTMENTS

303 S FM 1417, Sherman, Texas 75092

bed 2
payment $1034/mo.

Raintree

800 S FM 1417, Sherman, Texas 75092

bed 1-2
payment $895-1020/mo.

Northridge Villas

3013 N Northridge Dr, Sherman, Texas 75090

bed 1-2
payment $950-1030/mo.

1712 N Travis St

1712 N Travis St, Sherman, Texas 75092

bed 2
payment $1200/mo.

1423 Swan Ridge Dr

1423 Swan Ridge Dr, Sherman, Texas 75092

bed 3
payment $1595/mo.

1027 S Throckmorton St

1027 S Throckmorton St, Sherman, Texas 75090

bed 3
payment $1250/mo.

918 N Throckmorton St

918 N Throckmorton St, Sherman, Texas 75090

bed 3
payment $1625/mo.

1924 E Jones Cir

1924 E Jones Cir, Sherman, Texas 75090

bed 3
payment $1575/mo.

806 N Broughton St

806 N Broughton St, Sherman, Texas 75090

bed 3
payment $1450/mo.

1814 W College St

1814 W College St, Sherman, Texas 75092

bed 4
payment $1750/mo.

224 W Lk St

224 W Lk St, Sherman, Texas 75090

bed 3
payment $1600/mo.

236 W Lk St

236 W Lk St, Sherman, Texas 75090

bed 3
payment $1575/mo.

916 N Throckmorton St

916 N Throckmorton St, Sherman, Texas 75090

bed 3
payment $1625/mo.

4509 Hayes St

4509 Hayes St, Sherman, Texas 75090

bed 3
payment $1500/mo.

1312 N Travis St

1312 N Travis St, Sherman, Texas 75092

bed 3
payment $1325/mo.

How To Identify Affordable Housing in Sherman, 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.
calendar_today Opened: May 9
Open Until Further Notice
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sherman, Texas
$23.24/hour
$15.99 (+221%) more than Texas minimum wage and $15.99 (+221%) more than the Federal minimum wage.
Learn More About Sherman, Texas Affordable Housing ↓

What HUD offices serve Sherman, 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 Sherman, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency programs for Sherman, Texas.

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

How many renters live in Sherman, Texas?

The City of Sherman has people living in households.

There are renters living in renter households in this City. Renters make up 41.63 percent of the population living in Sherman.

What is the rental market like in Sherman, Texas?

There are an estimated housing units in the Sherman area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sherman, Texas, there are 1.06 rental units.

What is the vacancy rate for rentals in Sherman?

The rental vacancy rate in Sherman is 5 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 Sherman for each bedroom size?

Occupied Rental Units by Size in Sherman
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
313 1,758 3,371 2,291 265
Occupied Rental Units by Size in Sherman

A large number of apartments in Sherman 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 Sherman

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $2,082. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $1,045
Two BR $1,227
Three BR $1,678
Four BR $2,082
2024 Fair Market Rents in Sherman, Texas

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

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 157 50 percent
One BR 1,334 76 percent
Two BR 1,884 56 percent
Rental Units Below FMR in Sherman, Texas

How many affordable rental units are in Sherman?

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

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

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

Income Based Apartments in Sherman, Texas

Sherman features 298 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 Sherman, Texas

There are 476 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sherman.

Housing Choice Vouchers in Sherman, Texas

On average, Section 8 Housing Choice vouchers pay Sherman landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Sherman.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sherman, Texas for a two-bedroom apartment is between $1,104 and $1,350.

Sourced from federal housing data and AffordableHousingOnline.com research.

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