Low Income Apartments and Affordable Housing For Rent in St Cloud, FL

Discover affordable housing in St Cloud where there are 7+ 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.

Hickory Glen

845 Dori Ct, St Cloud, Florida 34772

Woodland Terrace

4309 W New Nolte Rd, St Cloud, Florida 34772

Inglewood Meadows

4037 W New Nolte Rd, St Cloud, Florida 34772

St. Cloud Apartments

1761 Michigan Avenue, St Cloud, Florida 34769

Crestwood - Saint Cloud

3121 Crestwood Cir, St Cloud, Florida 34769

Crestwood Apartments

3139 Crestwood Cir, St Cloud, Florida 34769

Timberline

200 Pine Valley Rd, St Cloud, Florida 34769

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In St Cloud, Florida
$35.17/hour
$23.17 (+193%) more than Florida minimum wage and $27.92 (+385%) more than the Federal minimum wage.
Learn More About St Cloud, Florida Affordable Housing ↓

What HUD offices serve St Cloud, 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 St Cloud, Florida.

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

How many renters live in St Cloud, Florida?

The City of St Cloud has 59,851 people living in 17,843 households.

There are 17,778 renters living in 5,169 renter households in this City. Renters make up 29.7 percent of the population living in St Cloud.

What is the rental market like in St Cloud, Florida?

There are an estimated 20,919 housing units in the St Cloud area. Of these, 5,631 units are rental homes, making up 27 percent of the housing market. For every renter household in St Cloud, Florida, there are 1 rental units.

What is the vacancy rate for rentals in St Cloud?

The rental vacancy rate in St Cloud is 7 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 St Cloud for each bedroom size?

Occupied Rental Units by Size in St Cloud
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
219 261 1,875 1,826 912
Occupied Rental Units by Size in St Cloud

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

Among renter households in this market, 57 percent have housing cost burden. Further, 22 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 St Cloud

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,558 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,558
One BR $1,638
Two BR $1,857
Three BR $2,362
Four BR $2,849
2024 Fair Market Rents in St Cloud, Florida

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

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 219 100 percent
One BR 261 100 percent
Two BR 1,394 74 percent
Rental Units Below FMR in St Cloud, Florida

How many affordable rental units are in St Cloud?

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

Federal Program Unit Count
Low Income Housing Tax Credit 600
Section 8 Project-Based Rental Assistance 1
Section 202 Supportive Housing for the Elderly 49
USDA Section 515 Rural Rental Housing 164
Tracked Units by Federal Program in St Cloud, Florida

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

Income Based Apartments in St Cloud, Florida

St Cloud features 100 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 St Cloud, Florida

There are 658 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Cloud.

Housing Choice Vouchers in St Cloud, Florida

On average, Section 8 Housing Choice vouchers pay St Cloud landlords $5,700 per month towards rent. The average voucher holder contributes $400 towards rent in St Cloud.

The maximum amount a voucher would pay on behalf of a low-income tenant in St Cloud, Florida for a two-bedroom apartment is between $1,671 and $2,043.

Sourced from federal housing data and AffordableHousingOnline.com research.