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

Discover affordable housing in Hernando 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.

Ventura Village Apartments

3580 E Wood Knoll Ln, Hernando, Florida 34442

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hernando, Florida
$21.14/hour
$9.14 (+76%) more than Florida minimum wage and $13.89 (+192%) more than the Federal minimum wage.
Learn More About Hernando, Florida Affordable Housing ↓

What HUD offices serve Hernando, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Hernando, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Hernando.

How many renters live in Hernando, Florida?

The City of Hernando has 8,911 people living in 4,183 households.

There are 1,287 renters living in 613 renter households in this City. Renters make up 14.44 percent of the population living in Hernando.

What is the rental market like in Hernando, Florida?

There are an estimated 5,574 housing units in the Hernando area. Of these, 689 units are rental homes, making up 12 percent of the housing market. For every renter household in Hernando, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Hernando?

The rental vacancy rate in Hernando is 8 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 Hernando for each bedroom size?

Occupied Rental Units by Size in Hernando
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 56 372 160 25
Occupied Rental Units by Size in Hernando

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

Among renter households in this market, 43 percent have housing cost burden. Further, 32 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 Hernando

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $848 to $1,894. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $848
One BR $853
Two BR $1,116
Three BR $1,554
Four BR $1,894
2024 Fair Market Rents in Hernando, Florida

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

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 56 100 percent
Two BR 296 80 percent
Rental Units Below FMR in Hernando, Florida

How many affordable rental units are in Hernando?

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

Federal Program Unit Count
Low Income Housing Tax Credit 53
USDA Section 515 Rural Rental Housing 54
Tracked Units by Federal Program in Hernando, Florida

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

Income Based Apartments in Hernando, Florida

Hernando features 54 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 Hernando, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hernando.

Housing Choice Vouchers in Hernando, Florida

On average, Section 8 Housing Choice vouchers pay Hernando landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Hernando.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hernando, Florida for a two-bedroom apartment is between $1,004 and $1,228.

Sourced from federal housing data and AffordableHousingOnline.com research.