About This Property
Cottages of Oak Springs comprises 144 units in Waco, Texas, with 100 designated as low-income housing. The community offers a mix of one, two, and three-bedroom floor plans—40 one-bedroom, 88 two-bedroom, and 16 three-bedroom units—and has been in service since 1996. The property is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Waco
The Public Housing Waitlist is closed.
The HCV waitlist was closed on February 19, 2026. When open, preferences include Veteran, Employment, or Elderly status; applicants are screened for violence or illegal drug activity within the past five years.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - McLennan County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $875 |
| 1 Bedroom | $1,011 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,632 |
| 4 Bedroom | $1,686 |
Income Limits - McLennan County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,150
- Very Low (50%)
- $21,900
- Low (80%)
- $35,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,250
- Low (80%)
- $50,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $41,250
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,150 | $21,900 | $35,000 |
| 2 Persons | $17,420 | $25,000 | $40,000 |
| 3 Persons | $21,960 | $28,150 | $45,000 |
| 4 Persons | $26,500 | $31,250 | $50,000 |
| 5 Persons | $31,040 | $33,750 | $54,000 |
| 6 Persons | $35,580 | $36,250 | $58,000 |
| 7 Persons | $38,750 | $38,750 | $62,000 |
| 8 Persons | $41,250 | $41,250 | $66,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waco, TX?+
The Fair Market Rent (FMR) for McLennan County, TX is: $875 (Studio), $1011 (1BR), $1266 (2BR), $1632 (3BR), $1686 (4BR). Actual rent at subsidized properties like Cottages of Oak Springs is typically 30% of household income or less.
What size apartments are available at Cottages of Oak Springs?+
Cottages of Oak Springs offers the following unit types: 40 One-Bedroom, 88 Two-Bedroom, 16 Three-Bedroom units, for a total of 144 units.
Is there a waitlist for Cottages of Oak Springs?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Cottages of Oak Springs?+
Cottages of Oak Springs is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Waco, TX?+
Based on Fair Market Rent for McLennan County, the estimated price range is: 1-bedroom: $1011, 2-bedroom: $1266, 3-bedroom: $1632. Actual rent at Cottages of Oak Springs may be lower for income-eligible households.
What are the income limits for affordable housing in McLennan County, TX?+
For a 4-person household in McLennan County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,250, Low Income (80% AMI): $50,000. These limits are set by HUD and updated annually.
Who manages Cottages of Oak Springs?+
Cottages of Oak Springs is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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