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

Discover affordable housing in Springtown where there are 5+ 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.

Waterwood Apartments

500 E 7th St, Springtown, Texas 76082

Spring Garden V

1015 Marc Pl, Springtown, Texas 76082

Springtown Spring Garden Apts

500 Spring Garden Dr, Springtown, Texas

M - Rhd - Spring Garden - 2001

100 Senior Pl, Springtown, Texas 76082

M - Rental - 2000

101 Swan Ct, Springtown, Texas 76082

calendar_today Opened: Mar 22
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Springtown, Texas
$30.63/hour
$23.38 (+322%) more than Texas minimum wage and $23.38 (+322%) more than the Federal minimum wage.
Learn More About Springtown, Texas Affordable Housing ↓

What HUD offices serve Springtown, 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 Springtown, Texas.

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

How many renters live in Springtown, Texas?

The City of Springtown has 3,232 people living in 1,116 households.

There are 1,293 renters living in 445 renter households in this City. Renters make up 40.01 percent of the population living in Springtown.

What is the rental market like in Springtown, Texas?

There are an estimated 1,212 housing units in the Springtown area. Of these, 463 units are rental homes, making up 38 percent of the housing market. For every renter household in Springtown, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Springtown?

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

Occupied Rental Units by Size in Springtown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 94 204 141 6
Occupied Rental Units by Size in Springtown

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

Among renter households in this market, 31 percent have housing cost burden. Further, 7 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 Springtown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,266 to $2,615. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,266
One BR $1,384
Two BR $1,617
Three BR $2,144
Four BR $2,615
2024 Fair Market Rents in Springtown, Texas

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

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 73 78 percent
Two BR 178 87 percent
Rental Units Below FMR in Springtown, Texas

How many affordable rental units are in Springtown?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 202 Supportive Housing for the Elderly 5
USDA Section 515 Rural Rental Housing 63
Tracked Units by Federal Program in Springtown, Texas

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

Income Based Apartments in Springtown, Texas

Springtown features 63 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 Springtown, Texas

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Springtown.

Housing Choice Vouchers in Springtown, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Springtown, Texas for a two-bedroom apartment is between $1,455 and $1,779.

Sourced from federal housing data and AffordableHousingOnline.com research.