Low Income Apartments and Affordable Housing For Rent in DeSoto County, FL

Discover affordable housing in DeSoto County 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.

Oaks Trail

1300 NE Oak St, Arcadia, Florida 34266

Jacaranda Trail

1650 SE Hargrave St., Arcadia, Florida 34266

Mcpines Apartments

1514 E Cypress St, Arcadia, Florida 34266

Wood Pk Point Apartments

600 W Gibson St, Arcadia, Florida 34266

Desoto Landing

2019 SE Heron Cv, Arcadia, Florida 34266

Arcadia Oaks

302 N 10th Ave, Arcadia, Florida 34266

Casa San Juan Bosco Phase II

2316 S.E. Hillsborough Ave., Arcadia, Florida

Casa San Juan Bosco

2316 S.E. Hillsborough Avenue, Arcadia, Florida

The Palms

3 Harris Rd, Arcadia, Florida 34266

The Oaks

13 Booker T Washington Rd, Arcadia, Florida 34266

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In DeSoto County, Florida
$17.14/hour
$5.14 (+43%) more than Florida minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About DeSoto County, Florida Affordable Housing ↓

How many renters live in DeSoto County, Florida?

The County of DeSoto County has 34,258 people living in 12,340 households.

There are 8,500 renters living in 3,556 renter households in this County. Renters make up 24.81 percent of the population living in DeSoto County.

What is the rental market like in DeSoto County, Florida?

There are an estimated 15,567 housing units in the DeSoto County area. Of these, 3,827 units are rental homes, making up 25 percent of the housing market. For every renter household in DeSoto County, Florida, there are 1 rental units.

What is the vacancy rate for rentals in DeSoto County?

The rental vacancy rate in DeSoto County 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 DeSoto County for each bedroom size?

Occupied Rental Units by Size in DeSoto County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
189 717 1,306 1,128 216
Occupied Rental Units by Size in DeSoto County

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

Among renter households in this market, 43 percent have housing cost burden. Further, 16 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 DeSoto County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $785 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $785
One BR $800
Two BR $905
Three BR $1,201
Four BR $1,205
2024 Fair Market Rents in DeSoto County, Florida

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

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 136 72 percent
One BR 397 55 percent
Two BR 774 59 percent
Rental Units Below FMR in DeSoto County, Florida

How many affordable rental units are in DeSoto County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 488
Public Housing 130
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 137
USDA Section 514 Farm Labor Housing 97
Tracked Units by Federal Program in DeSoto County, Florida

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

Income Based Apartments in DeSoto County, Florida

DeSoto County features 336 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 DeSoto County, Florida

There are 417 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in DeSoto County.

Housing Choice Vouchers in DeSoto County, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in DeSoto County, Florida for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.