Low Income Apartments and Affordable Housing For Rent in Florence, SC

Discover affordable housing in Florence where there are 32+ 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.

Cambridge Court

550 W. Darlington St., Florence, South Carolina 29501

Indigo Pointe

825 S Irby St, Florence, South Carolina 29501

Crescent Villas

2424 Hoffmeyer Rd, Florence, South Carolina 29501

Crescent Villas II

320 Troxel Blvd., Florence, South Carolina 29501

Irby Senior Village

125 Federal Court, Florence, South Carolina 29505

The Belmont

719 S Irby St, Florence, South Carolina 29501

Willow Glen Apartments

226 E Howe Springs Rd, Florence, South Carolina 29505

The Trellis Apartments

2827 S Canal Dr, Florence, South Carolina 29505

Hickory Knoll Apartments

2206 Pamplico Hwy, Florence, South Carolina 29505

Attwood Pointe

155 Attwood Ave, Florence, South Carolina 29505

J.O Smith Villas

500 East Royal St, Florence, South Carolina 29506

Parkview Plaza

1000 Clement St, Florence, South Carolina 29501

Creekside Village

2311 W Palmetto St, Florence, South Carolina 29501

Pine Park, Clyde Court, Lakota Place

502 Clyde St, Florence, South Carolina 29506

Coit Village

230 N Coit St, Florence, South Carolina 29501

Church Hill

920 June Ln, Florence, South Carolina 29506

Oakland Place

711 Oakland Ave, Florence, South Carolina 29506

Waverly Acres

815E Waverly Ave, Florence, South Carolina 29501

Lakota Crossing

1741 Lakota Dr, Florence, South Carolina 29505

Wyndham Place Apartments

500 W Darlington St, Florence, South Carolina 29501

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Florence, South Carolina
$19.17/hour
$11.92 (+164%) more than South Carolina minimum wage and $11.92 (+164%) more than the Federal minimum wage.
Learn More About Florence, South Carolina Affordable Housing ↓

What HUD offices serve Florence, South Carolina?

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 Florence, South Carolina.

Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Florence.

How many renters live in Florence, South Carolina?

The City of Florence has 39,931 people living in 16,322 households.

There are 14,532 renters living in 6,697 renter households in this City. Renters make up 36.39 percent of the population living in Florence.

What is the rental market like in Florence, South Carolina?

There are an estimated 19,161 housing units in the Florence area. Of these, 7,492 units are rental homes, making up 39 percent of the housing market. For every renter household in Florence, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Florence?

The rental vacancy rate in Florence 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 Florence for each bedroom size?

Occupied Rental Units by Size in Florence
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
853 775 2,770 1,976 315
Occupied Rental Units by Size in Florence

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

Among renter households in this market, 45 percent have housing cost burden. Further, 25 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 Florence

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $787 to $1,374. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $787
One BR $792
Two BR $1,012
Three BR $1,279
Four BR $1,374
2024 Fair Market Rents in Florence, South Carolina

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

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 422 49 percent
One BR 498 64 percent
Two BR 1,792 65 percent
Rental Units Below FMR in Florence, South Carolina

How many affordable rental units are in Florence?

There are a variety of federal affordable housing programs serving households in Florence, South Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 603
Public Housing 596
Section 8 Project-Based Rental Assistance 239
Section 202 Supportive Housing for the Elderly 86
Section 811 Supportive Housing for Persons with Disabilities 29
Tracked Units by Federal Program in Florence, South Carolina

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

Income Based Apartments in Florence, South Carolina

Florence features 1,067 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 Florence, South Carolina

There are 707 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Florence.

Housing Choice Vouchers in Florence, South Carolina

On average, Section 8 Housing Choice vouchers pay Florence landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Florence.

The maximum amount a voucher would pay on behalf of a low-income tenant in Florence, South Carolina for a two-bedroom apartment is between $911 and $1,113.

Sourced from federal housing data and AffordableHousingOnline.com research.