As the unemployment rises and people’s work hours are cut back, people have cut back on their expenses and are budgeting more and more. Gone are the days of easy credit and reckless spending. For many, one of the most obvious ways to cut cost is to move into low rent housing. These types of housing can come in two forms. The first is the ones in which you’d have to apply through the Department of Housing and Urban Development (HUD) in order to live in these types of housing. The other type of low cost housing you don’t need to apply through HUD. Their rent is just lower than the average market rent.
In the first case, if you wanted to get low rent housing through HUD, you’d have to go down to their office and get an application. Not everyone qualifies though. Your income must be below a certain amount which HUD dictates. If you are approved, HUD will give you a voucher which you can use at participating housing complexes. Most housing found through HUD are pretty decent because they have to meet guidelines in order for HUD to accept them.
Otherwise, if you do not qualify, then you can still look for
cheap housing. Use websites such as craigslist to help you. Look for housing in the area which has the lowest rent. One thing you should be forewarned though is that low rent housing might not be in the best of neighborhoods. So before you make any decisions, you should go look at the neighborhood the housing is in. You can even check the crime statistics of the area too.
No matter which way you go, as long as you can afford the rent, that is the most important thing to consider.
