There are 346 low-income apartments in Bastrop County that offer reduced rents to eligible households. Low-income rents in Bastrop County, Texas can range from $1,095 to $1,425 depending on the number of bedrooms.
Rental assistance programs support 330 low-income homes in Bastrop County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $374 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Bastrop County, Texas Affordable Housing Data
Income Based Apartments in Bastrop County, Texas
Bastrop County features 330 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 Bastrop County, Texas
There are 346 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bastrop County.
Housing Choice Vouchers in Bastrop County, Texas
On average, Section 8 Housing Choice vouchers pay Bastrop County landlords $1,200 per month towards rent. The average voucher holder contributes $400 towards rent in Bastrop County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bastrop County, Texas for a two-bedroom apartment is between $1,732 and $2,116.
2024 Bastrop County, Texas Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Bastrop County, Texas Fair Market Rent | $1,519 | $1,635 | $1,924 | $2,470 | $2,840 |
| Bastrop County, Texas Payment Standard Range | $1,367 to $1,671 | $1,472 to $1,799 | $1,732 to $2,116 | $2,223 to $2,717 | $2,556 to $3,124 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bastrop County, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 133 |
|---|---|
| Total Low Income Apartments | 794 |
| Total Housing Units with Rental Assistance | 330 |
| Percentage of Housing Units Occupied By Renters | 21.92% |
| Average Renter Household Size | 2.91 |
| Average Household Size | 2.94 |
| Median Household Income | $54,821 ±$2,362 |
| Median Rent | $917 ±$56 |
| Percentage Of Renters Overburdened | 38.42% ± 5.61pp |
| Total Population | 76,948 |
Population and Household Demographics
Bastrop County is a county in Texas with a population of 76,948. There are 25,454 households in the county with an average household size of 2.94 persons. 21.92% of households in Bastrop County are renters.
Income and Rent Overburden in Bastrop County
The median gross income for households in Bastrop County is $54,821 a year, or $4,568 a month. The median rent for the county is $917 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bastrop County, a household making less than $3,057 a month would be considered overburdened when renting an apartment at or above the median rent. 38.42% of households who rent are overburdened in Bastrop County.
Area Median Income In Bastrop County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Bastrop County, HUD calculates the Area Median Income for a family of four as $122,300
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Bastrop County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Bastrop County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Bastrop County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$24,550 | $28,050 | $31,550 | $35,050 | $37,900 | $40,700 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bastrop County AMI may qualify for rental assistance programs that target Very Low Income households. |
$40,900 | $46,750 | $52,600 | $58,400 | $63,100 | $67,750 | $72,450 | $77,100 |
| 80% AMI Income Limits Renters earning up to 80% of the Bastrop County AMI may qualify for rental assistance programs that target Low Income households. |
$65,450 | $74,800 | $84,150 | $93,450 | $100,950 | $108,450 | $115,900 | $123,400 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.