Low Income Apartments and Affordable Housing For Rent in Port Richey, FL

Discover affordable housing in Port Richey where there are 9+ 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.

Regency Palms

8332 Alnwick Cir, Port Richey, Florida 34668

Banyan Senior Apartments

11390 US Highway 19, Port Richey, Florida 34668

Journet Place

8356 Journet Blvd, Port Richey, Florida 34668

Hardy Street Apartments

8426 Hardy St, Port Richey, Florida 34668

Greencastle of Bayonet Point

11722 La Madera Blvd, Port Richey, Florida 34668

Abigail Court

7850 Washington Street, Port Richey, Florida 34668

Hudson Ridge

12200 Hudson Ridge Dr, Port Richey, Florida 34668

Pasco Terrace

11801 Pasco Terrace Ct, Port Richey, Florida 34668

Park Richey

9000 Lismore Ln, Port Richey, Florida 34668

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Port Richey, Florida
$35.06/hour
$23.06 (+192%) more than Florida minimum wage and $27.81 (+384%) more than the Federal minimum wage.
Learn More About Port Richey, Florida Affordable Housing ↓

What HUD offices serve Port Richey, 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 Port Richey, Florida.

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

How many renters live in Port Richey, Florida?

The City of Port Richey has 3,132 people living in 1,458 households.

There are 1,114 renters living in 563 renter households in this City. Renters make up 35.57 percent of the population living in Port Richey.

What is the rental market like in Port Richey, Florida?

There are an estimated 1,823 housing units in the Port Richey area. Of these, 619 units are rental homes, making up 34 percent of the housing market. For every renter household in Port Richey, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Port Richey?

The rental vacancy rate in Port Richey is 9 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 Port Richey for each bedroom size?

Occupied Rental Units by Size in Port Richey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 137 308 67 22
Occupied Rental Units by Size in Port Richey

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

Among renter households in this market, 67 percent have housing cost burden. Further, 29 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 Port Richey

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,449 to $2,888. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,449
One BR $1,562
Two BR $1,851
Three BR $2,367
Four BR $2,888
2024 Fair Market Rents in Port Richey, Florida

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

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 24 100 percent
One BR 137 100 percent
Two BR 282 92 percent
Rental Units Below FMR in Port Richey, Florida

How many affordable rental units are in Port Richey?

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

Federal Program Unit Count
Low Income Housing Tax Credit 90
Section 811 Supportive Housing for Persons with Disabilities 12
Tracked Units by Federal Program in Port Richey, Florida

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

Income Based Apartments in Port Richey, Florida

Port Richey features 146 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 Port Richey, Florida

There are 862 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Port Richey.

Housing Choice Vouchers in Port Richey, Florida

On average, Section 8 Housing Choice vouchers pay Port Richey landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Port Richey.

The maximum amount a voucher would pay on behalf of a low-income tenant in Port Richey, Florida for a two-bedroom apartment is between $1,666 and $2,036.

Sourced from federal housing data and AffordableHousingOnline.com research.