Low Income Apartments and Affordable Housing For Rent in Sebring, FL

Discover affordable housing in Sebring where there are 10+ 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.

Highlands Village I

3000 Villa Road , Sebring, Florida 33870

Hope Villas

2300 Hope Circle, Sebring, Florida 33870

Groves at Victoria Park

2010 Village Grove Blvd, Sebring, Florida 33870

Martin Luther King Terrace

1848 Martin L King Ter, Sebring, Florida 33870

Citrus Terrace Apartments CO Hallmark Mgmt

1219 Citrus Terrace Dr, Sebring, Florida 33870

Park Crest Terrace

100 Park Crest Ter, Sebring, Florida 33870

Fair Havens Village

3015 Spinks Rd, Sebring, Florida 33870

Briarwood of Sebring

1335 Spinks Ln, Sebring, Florida 33870

Brae Locke Villas

4071 Thunderbird Rd., Sebring, Florida

The Villas Ltd

1300 Persimmon Court, Sebring, Florida

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sebring, Florida
$21.16/hour
$9.16 (+76%) more than Florida minimum wage and $13.91 (+192%) more than the Federal minimum wage.
Learn More About Sebring, Florida Affordable Housing ↓

How many renters live in Sebring, Florida?

The City of Sebring has 11,006 people living in 4,759 households.

There are 5,107 renters living in 2,345 renter households in this City. Renters make up 46.4 percent of the population living in Sebring.

What is the rental market like in Sebring, Florida?

There are an estimated 5,805 housing units in the Sebring area. Of these, 2,568 units are rental homes, making up 44 percent of the housing market. For every renter household in Sebring, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Sebring?

The rental vacancy rate in Sebring is 5 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 Sebring for each bedroom size?

Occupied Rental Units by Size in Sebring
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
179 486 1,000 537 138
Occupied Rental Units by Size in Sebring

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

Among renter households in this market, 59 percent have housing cost burden. Further, 30 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 Sebring

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $757 to $1,831. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $757
One BR $850
Two BR $1,117
Three BR $1,391
Four BR $1,831
2024 Fair Market Rents in Sebring, Florida

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

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 101 56 percent
One BR 445 92 percent
Two BR 679 68 percent
Rental Units Below FMR in Sebring, Florida

How many affordable rental units are in Sebring?

There are a variety of federal affordable housing programs serving households in Sebring, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 348
Section 8 Project-Based Rental Assistance 79
Section 811 Supportive Housing for Persons with Disabilities 11
USDA Section 515 Rural Rental Housing 167
Tracked Units by Federal Program in Sebring, Florida

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

Income Based Apartments in Sebring, Florida

Sebring features 404 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 Sebring, Florida

There are 166 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sebring.

Housing Choice Vouchers in Sebring, Florida

On average, Section 8 Housing Choice vouchers pay Sebring landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Sebring.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sebring, Florida for a two-bedroom apartment is between $1,005 and $1,229.

Sourced from federal housing data and AffordableHousingOnline.com research.