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

Discover affordable housing in Troup where there are 2+ 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.

Troup Seniors

815 S Athena St, Troup, Texas 75789

Troup Apartments

106 E Paschal St, Troup, Texas 75789

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Troup, Texas
$23.39/hour
$16.14 (+223%) more than Texas minimum wage and $16.14 (+223%) more than the Federal minimum wage.
Learn More About Troup, Texas Affordable Housing ↓

What HUD offices serve Troup, 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), Public Housing programs for Troup, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Troup, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Troup, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Troup, Texas.

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

How many renters live in Troup, Texas?

The City of Troup has 2,148 people living in 689 households.

There are 992 renters living in 271 renter households in this City. Renters make up 46.18 percent of the population living in Troup.

What is the rental market like in Troup, Texas?

There are an estimated 825 housing units in the Troup area. Of these, 295 units are rental homes, making up 36 percent of the housing market. For every renter household in Troup, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Troup?

The rental vacancy rate in Troup is 8 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 Troup for each bedroom size?

Occupied Rental Units by Size in Troup
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 19 99 116 33
Occupied Rental Units by Size in Troup

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

Among renter households in this market, 60 percent have housing cost burden. Further, 23 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 Troup

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $966 to $1,912. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $966
One BR $1,009
Two BR $1,235
Three BR $1,621
Four BR $1,912
2024 Fair Market Rents in Troup, Texas

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

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 4 100 percent
One BR 19 100 percent
Two BR 91 92 percent
Rental Units Below FMR in Troup, Texas

How many affordable rental units are in Troup?

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

Federal Program Unit Count
Low Income Housing Tax Credit 124
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Troup, Texas

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

Income Based Apartments in Troup, Texas

Troup features 36 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 Troup, Texas

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Troup.

Housing Choice Vouchers in Troup, Texas

On average, Section 8 Housing Choice vouchers pay Troup landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Troup.

The maximum amount a voucher would pay on behalf of a low-income tenant in Troup, Texas for a two-bedroom apartment is between $1,112 and $1,359.

Sourced from federal housing data and AffordableHousingOnline.com research.