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

Discover affordable housing in Marathon where there are 4+ 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.

Eastwind Apartments

240 Sombrero Beach Rd, Marathon, Florida 33050

Tropical Isle Apartments

260 41st St, Marathon, Florida 33050

Residences at Marathon Key

4800 Overseas Hwy, Marathon, Florida 33050

Sea Grape II

7159 Overseas Hwy, Marathon, Florida 33050

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marathon, Florida
$40.51/hour
$28.51 (+238%) more than Florida minimum wage and $33.26 (+459%) more than the Federal minimum wage.
Learn More About Marathon, Florida Affordable Housing ↓

What HUD offices serve Marathon, 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), Public Housing programs for Marathon, Florida.

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

How many renters live in Marathon, Florida?

The City of Marathon has 9,789 people living in 3,956 households.

There are 4,908 renters living in 1,903 renter households in this City. Renters make up 50.14 percent of the population living in Marathon.

What is the rental market like in Marathon, Florida?

There are an estimated 6,368 housing units in the Marathon area. Of these, 2,471 units are rental homes, making up 39 percent of the housing market. For every renter household in Marathon, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Marathon?

The rental vacancy rate in Marathon is 18 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 Marathon for each bedroom size?

Occupied Rental Units by Size in Marathon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
141 580 696 480 6
Occupied Rental Units by Size in Marathon

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

Among renter households in this market, 48 percent have housing cost burden. Further, 21 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 Marathon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,556 to $3,426. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,556
One BR $1,730
Two BR $2,139
Three BR $2,812
Four BR $3,426
2024 Fair Market Rents in Marathon, Florida

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

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 63 45 percent
One BR 310 53 percent
Two BR 273 39 percent
Rental Units Below FMR in Marathon, Florida

How many affordable rental units are in Marathon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 177
Section 8 Project-Based Rental Assistance 130
Tracked Units by Federal Program in Marathon, Florida

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

Income Based Apartments in Marathon, Florida

Marathon features 130 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 Marathon, Florida

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marathon.

Housing Choice Vouchers in Marathon, Florida

On average, Section 8 Housing Choice vouchers pay Marathon landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Marathon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marathon, Florida for a two-bedroom apartment is between $1,925 and $2,353.

Sourced from federal housing data and AffordableHousingOnline.com research.