What HUD offices serve Lauderdale Lakes, Florida?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Lauderdale Lakes.
How many renters live in Lauderdale Lakes, Florida?
The City of Lauderdale Lakes has 35,914 people living in 12,984 households.
There are 19,381 renters living in 6,831 renter households in this City. Renters make up 53.97 percent of the population living in Lauderdale Lakes.
What is the rental market like in Lauderdale Lakes, Florida?
There are an estimated 15,756 housing units in the Lauderdale Lakes area. Of these, 7,065 units are rental homes, making up 45 percent of the housing market. For every renter household in Lauderdale Lakes, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Lauderdale Lakes?
The rental vacancy rate in Lauderdale Lakes is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Lauderdale Lakes for each bedroom size?
Occupied Rental Units by Size in Lauderdale Lakes
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 189 | 1,888 | 3,505 | 1,144 | 105 |
Occupied Rental Units by Size in Lauderdale Lakes
A large number of apartments in Lauderdale Lakes 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 Lauderdale Lakes are overburdened by housing costs?
Among renter households in this market, 67 percent have housing cost burden. Further, 43 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 Lauderdale Lakes
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,567. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,573 |
| One BR | $1,692 |
| Two BR | $2,102 |
| Three BR | $2,916 |
| Four BR | $3,567 |
2024 Fair Market Rents in Lauderdale Lakes, Florida
How many units are rented at Fair Market Rent (FMR) in Lauderdale Lakes?
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 | 140 | 74 percent |
| One BR | 1,537 | 81 percent |
| Two BR | 2,197 | 63 percent |
Rental Units Below FMR in Lauderdale Lakes, Florida
How many affordable rental units are in Lauderdale Lakes?
There are a variety of federal affordable housing programs serving households in Lauderdale Lakes, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 528 |
| Section 8 Project-Based Rental Assistance | 523 |
Tracked Units by Federal Program in Lauderdale Lakes, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lauderdale Lakes, Florida
Lauderdale Lakes features 386 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 Lauderdale Lakes, Florida
There are 354 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lauderdale Lakes.
Housing Choice Vouchers in Lauderdale Lakes, Florida
On average, Section 8 Housing Choice vouchers pay Lauderdale Lakes landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Lauderdale Lakes.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lauderdale Lakes, Florida for a two-bedroom apartment is between $1,892 and $2,312.
Sourced from federal housing data and AffordableHousingOnline.com research.
