Low Income Apartments and Affordable Housing For Rent in Spanish Fort, AL

Discover affordable housing in Spanish Fort where there are 1+ 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.

Kensley Apartments

31230 Stagecoach Rd, Spanish Fort, Alabama 36527

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Spanish Fort, Alabama
$25.80/hour
$18.55 (+256%) more than Alabama minimum wage and $18.55 (+256%) more than the Federal minimum wage.
Learn More About Spanish Fort, Alabama Affordable Housing ↓

How many renters live in Spanish Fort, Alabama?

The City of Spanish Fort has 10,083 people living in 3,709 households.

There are 1,893 renters living in 1,234 renter households in this City. Renters make up 18.77 percent of the population living in Spanish Fort.

What is the rental market like in Spanish Fort, Alabama?

There are an estimated 4,223 housing units in the Spanish Fort area. Of these, 1,536 units are rental homes, making up 36 percent of the housing market. For every renter household in Spanish Fort, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Spanish Fort?

The rental vacancy rate in Spanish Fort is 18 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 Spanish Fort for each bedroom size?

Occupied Rental Units by Size in Spanish Fort
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 400 523 124 163
Occupied Rental Units by Size in Spanish Fort

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

Among renter households in this market, 47 percent have housing cost burden. Further, 26 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 Spanish Fort

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,051 to $2,114. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,051
One BR $1,056
Two BR $1,362
Three BR $1,670
Four BR $2,114
2024 Fair Market Rents in Spanish Fort, Alabama

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

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 0 100 percent
One BR 45 11 percent
Two BR 305 58 percent
Rental Units Below FMR in Spanish Fort, Alabama

How many affordable rental units are in Spanish Fort?

There are a variety of federal affordable housing programs serving households in Spanish Fort, Alabama including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 104
Tracked Units by Federal Program in Spanish Fort, Alabama

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

Income Based Apartments in Spanish Fort, Alabama

Spanish Fort features 0 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 Spanish Fort, Alabama

There are 104 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spanish Fort.

Housing Choice Vouchers in Spanish Fort, Alabama

On average, Section 8 Housing Choice vouchers pay Spanish Fort landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Spanish Fort.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spanish Fort, Alabama for a two-bedroom apartment is between $1,226 and $1,498.

Sourced from federal housing data and AffordableHousingOnline.com research.