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

Discover affordable housing in Quincy 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.

Green Meadows Apartments

944 Strong Rd, Quincy, Florida 32351

Gadsden Arms Apartments

427 South Stewart Street, Quincy, Florida 32351

Golden Leaf Apartments

122 N Cleveland St, Quincy, Florida 32351

Greenwood Terrace

200 Greenwood Cir, Quincy, Florida 32351

Arbor Crest

64 N Cleveland St, Quincy, Florida 32351

Parkview Garden Apartments

500 S Atlanta St, Quincy, Florida 32351

Parkview Manor

520 S Atlanta St, Quincy, Florida 32351

Triple Oaks

635-2 Strong Road, Quincy, Florida

Omega Villas

405 Strong Rd, Quincy, Florida

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Quincy, Florida
$25.36/hour
$13.36 (+111%) more than Florida minimum wage and $18.11 (+250%) more than the Federal minimum wage.
Learn More About Quincy, Florida Affordable Housing ↓

How many renters live in Quincy, Florida?

The City of Quincy has 7,811 people living in 2,627 households.

There are 3,248 renters living in 1,141 renter households in this City. Renters make up 41.58 percent of the population living in Quincy.

What is the rental market like in Quincy, Florida?

There are an estimated 3,337 housing units in the Quincy area. Of these, 1,273 units are rental homes, making up 38 percent of the housing market. For every renter household in Quincy, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Quincy?

The rental vacancy rate in Quincy is 10 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 Quincy for each bedroom size?

Occupied Rental Units by Size in Quincy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 70 508 459 99
Occupied Rental Units by Size in Quincy

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

Among renter households in this market, 51 percent have housing cost burden. Further, 27 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 Quincy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,062 to $1,903. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,062
One BR $1,183
Two BR $1,339
Three BR $1,708
Four BR $1,903
2024 Fair Market Rents in Quincy, Florida

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

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 80 percent
Two BR 440 87 percent
Rental Units Below FMR in Quincy, Florida

How many affordable rental units are in Quincy?

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

Federal Program Unit Count
Low Income Housing Tax Credit 220
Section 8 Project-Based Rental Assistance 100
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Quincy, Florida

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

Income Based Apartments in Quincy, Florida

Quincy features 452 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 Quincy, Florida

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Quincy.

Housing Choice Vouchers in Quincy, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Quincy, Florida for a two-bedroom apartment is between $1,205 and $1,473.

Sourced from federal housing data and AffordableHousingOnline.com research.