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

Discover affordable housing in Carrabelle where there are 2+ 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.

Jordan Bayou

174 Airport Rd., Carrabelle, Florida 32322

Carrabelle Cove Apartments

807 Gray Ave, Carrabelle, Florida 32322

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carrabelle, Florida
$17.31/hour
$5.31 (+44%) more than Florida minimum wage and $10.06 (+139%) more than the Federal minimum wage.
Learn More About Carrabelle, Florida Affordable Housing ↓

How many renters live in Carrabelle, Florida?

The City of Carrabelle has 3,151 people living in 699 households.

There are 473 renters living in 182 renter households in this City. Renters make up 15.01 percent of the population living in Carrabelle.

What is the rental market like in Carrabelle, Florida?

There are an estimated 1,040 housing units in the Carrabelle area. Of these, 210 units are rental homes, making up 20 percent of the housing market. For every renter household in Carrabelle, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Carrabelle?

The rental vacancy rate in Carrabelle is 13 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 Carrabelle for each bedroom size?

Occupied Rental Units by Size in Carrabelle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 44 73 53 8
Occupied Rental Units by Size in Carrabelle

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

Among renter households in this market, 38 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 Carrabelle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $792 to $1,277. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $792
One BR $814
Two BR $914
Three BR $1,273
Four BR $1,277
2024 Fair Market Rents in Carrabelle, Florida

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

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
One BR 1 2 percent
Two BR 45 62 percent
Rental Units Below FMR in Carrabelle, Florida

How many affordable rental units are in Carrabelle?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Public Housing 13
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Carrabelle, Florida

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

Income Based Apartments in Carrabelle, Florida

Carrabelle features 32 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 Carrabelle, Florida

There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carrabelle.

Housing Choice Vouchers in Carrabelle, Florida

On average, Section 8 Housing Choice vouchers pay Carrabelle landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Carrabelle.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carrabelle, Florida for a two-bedroom apartment is between $823 and $1,005.

Sourced from federal housing data and AffordableHousingOnline.com research.