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

Discover affordable housing in Wildwood where there are 5+ 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.

Wildwood Townehomes

301 East Gulf-Atlantic Hwy, Wildwood, Florida 34785

Wildwood Terrace Ltd

500 Gilliam St, Wildwood, Florida 34785

Wildwood Preserve Senior Living

7011 Homestead Loop, Wildwood, Florida 24785

Wildwood Commonsltd

1000 Lee St, Wildwood, Florida 34785

Club Wildwood

775 Huey St, Wildwood, Florida 34785

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wildwood, Florida
$23.67/hour
$11.67 (+97%) more than Florida minimum wage and $16.42 (+227%) more than the Federal minimum wage.
Learn More About Wildwood, Florida Affordable Housing ↓

How many renters live in Wildwood, Florida?

The City of Wildwood has 15,735 people living in 7,534 households.

There are 5,167 renters living in 2,562 renter households in this City. Renters make up 32.84 percent of the population living in Wildwood.

What is the rental market like in Wildwood, Florida?

There are an estimated 9,161 housing units in the Wildwood area. Of these, 2,954 units are rental homes, making up 32 percent of the housing market. For every renter household in Wildwood, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Wildwood?

The rental vacancy rate in Wildwood is 12 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 Wildwood for each bedroom size?

Occupied Rental Units by Size in Wildwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
59 525 828 803 0
Occupied Rental Units by Size in Wildwood

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

Among renter households in this market, 62 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 Wildwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $945 to $1,665. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $945
One BR $951
Two BR $1,250
Three BR $1,572
Four BR $1,665
2024 Fair Market Rents in Wildwood, Florida

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

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 8 14 percent
One BR 62 12 percent
Two BR 437 53 percent
Rental Units Below FMR in Wildwood, Florida

How many affordable rental units are in Wildwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 112
USDA Section 515 Rural Rental Housing 119
Tracked Units by Federal Program in Wildwood, Florida

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

Income Based Apartments in Wildwood, Florida

Wildwood features 119 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 Wildwood, Florida

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wildwood.

Housing Choice Vouchers in Wildwood, Florida

On average, Section 8 Housing Choice vouchers pay Wildwood landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Wildwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wildwood, Florida for a two-bedroom apartment is between $1,125 and $1,375.

Sourced from federal housing data and AffordableHousingOnline.com research.