Houston is home to over 2.3 million people and growing fast. With such rapid expansion, finding affordable housing has become a top priority for many. Here’s an eye-opener: Did you know that Houston’s average rent for a one-bedroom apartment sits at around $1,300? That’s where tax credit apartments step in. These gems offer a more affordable alternative for qualifying individuals and families, giving you a high-quality living space without breaking the bank.
In this guide, we’ll dive into some of Houston top tax credit apartments. We’re talking prime locations, modern amenities, and a price tag that works with your budget. Let’s get straight into it.
What Are Tax Credit Apartments?
First, a quick refresher: tax credit apartments in Houston are properties subsidized under the Low-Income Housing Tax Credit (LIHTC) program. This means developers get tax incentives for building affordable housing, and in turn, they offer lower rents to qualifying tenants. The apartments are just as well-maintained as market-rate options, and often come with impressive amenities.
But here’s the key takeaway—you need to qualify based on your income, typically falling between 30% to 60% of the area median income (AMI). That’s what keeps the rent lower than other nearby properties.
Now that we’re all on the same page, let’s explore some of the best tax credit apartments in Houston.
1. The Boulevard
Location: 2440 North Blvd, Houston, TX
The Boulevard offers a blend of modern living and affordability in Houston’s Museum District. It’s the perfect spot for those who want to be near the action without paying downtown prices. Picture this: you wake up to a sleek, spacious apartment, just a stone’s throw from Hermann Park and The Houston Zoo. The one-, two-, and three-bedroom units provide a range of options to suit different household sizes, all within budget. And with onsite laundry, a fitness center, and pet-friendly policies, The Boulevard is a fantastic place to call home.
2. 3 Corners North
Location: 10010 Kempwood Drive, Houston, TX
Looking for a peaceful retreat that doesn’t feel far from city life? 3 Corners North might be your spot. Nestled in a quiet area, this community offers affordable housing with spacious floor plans, from one-bedroom to three-bedroom layouts. It’s designed to provide comfort with essential amenities like a swimming pool and playground for families. Plus, the easy access to major highways means you’re never too far from Houston’s thriving scene.
3. Reed Parque Townhomes
Location: 2725 Reed Rd, Houston, TX
If townhome living appeals to you, Reed Parque offers all the benefits of a standalone home with the affordability of a tax credit apartments property in Houston. This location is a great choice for families looking for more space. These two- and three-bedroom townhomes boast large floor plans, updated appliances, and private yards. You’ll also find community perks such as a clubhouse and playground, ideal for kids and hosting friends.
4. South Union Place
Location: 7210 Scott St, Houston, TX
South Union Place is ideal for renters seeking affordability with style. Located just a short drive from the University of Houston, this property offers easy access to downtown attractions without the hefty price tag. The property is recently renovated, offering updated interiors, energy-efficient appliances, and a friendly, community-focused atmosphere. With its location and price, South Union Place is a prime option for students and young professionals alike.
5. Pointe at Crestmont
Location: 5602 Selinsky Rd, Houston, TX
This well-kept property provides all the comforts of home without the premium price tag. Pointe at Crestmont offers one-, two-, and three-bedroom floor plans to suit different household needs. Here, residents can enjoy perks like a fitness center, community room, and even a business center—ideal for remote workers or those who need office space close to home. For families, the onsite playground and proximity to schools make this location especially attractive.
6. Prose South Main
Location: 12111 S Main St, Houston, TX
For those looking to be close to Houston’s medical center, Prose South Main is a standout option. Offering easy access to the Texas Medical Center and downtown Houston, this property delivers convenience with a modern flair. Prose South Main features energy-efficient units and thoughtful layouts, including one- and two-bedroom apartments. Plus, you’ll love the high-end touches like stainless steel appliances, granite countertops, and a pet-friendly environment.
7. Waterside Court Homes
Location: 503 West Rd, Houston, TX
Waterside Court Homes caters to those wanting a more suburban feel while staying close to the city. Located in North Houston, these two-, three-, and four-bedroom homes offer spacious living for families of all sizes. Each unit comes with a private yard, which is perfect for gatherings, kids, or pets. This property includes family-friendly amenities like a playground, but what stands out is the sheer space you get at such an affordable price.
8. Aspen Park Apartments
Location: 8811 Boone Rd, Houston, TX
If you’re looking for affordable housing with a focus on community, Aspen Park Apartments is a great choice. Located in Southwest Houston, this tax credit apartment offers family-friendly amenities like a community center, playground, and a resident services program that provides helpful resources to its tenants. With updated interiors and ample storage space, Aspen Park ensures that budget-conscious renters don’t have to compromise on quality.
9. West Oaks Village
Location: 15059 Caseta Drive, Houston, TX
West Oaks Village is an excellent option for those seeking affordable housing in a vibrant community. Located in West Houston, this property offers a mix of two- and three-bedroom apartments with stylish interiors and modern finishes. With a swimming pool, fitness center, and clubhouse, West Oaks Village goes beyond just providing a roof over your head; it gives you a well-rounded living experience. Families will love the nearby parks, while professionals will appreciate the easy commute to nearby business hubs.
10. Kensington Place
Location: 711 FM 1959, Houston, TX
Kensington Place is a hidden gem located in Southeast Houston. Its location makes it easy to access both the city and surrounding areas. The property offers a mix of spacious one-, two-, and three-bedroom apartments, each designed with affordability in mind. You’ll appreciate the quiet, peaceful atmosphere, along with features like energy-efficient appliances, a sparkling swimming pool, and a resident clubhouse. Kensington Place strikes a perfect balance between affordability, comfort, and convenience.
Action Steps for Finding Your Next Tax Credit Apartment in Houston
- Check Your Eligibility: Tax credit apartments are income-restricted, so you’ll need to verify that you meet the requirements. Most properties will have their own application process, but it’s a good idea to gather necessary documents, such as proof of income, ahead of time.
- Visit or Call Properties Early: Houston’s rental market is competitive, and tax credit apartments fill up fast. Calling early or scheduling a visit could give you a leg up on the competition.
- Be Prepared to Act Quickly: Once you find a property that fits your needs and you meet the income requirements, submit your application as soon as possible. These apartments can go quickly, and you don’t want to miss out on the perfect place!
Final Thoughts
Living affordably in Houston doesn’t mean sacrificing quality or comfort. Tax credit apartments offer a fantastic opportunity to secure a high-quality living space at a fraction of the price. With great options like The Boulevard, South Union Place, and Waterside Court Homes, you can enjoy the perks of modern apartment living, all while staying within your budget.
