Low Income Apartments and Affordable Housing For Rent in Altamonte Springs, FL

Discover affordable housing in Altamonte Springs where there are 90+ 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.

Raven Crossings Apartments

801 Raven Circle, Altamonte Springs, Florida 32714

bed 1-3
payment $640-885/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Altamira Place Apartment Homes

700 Altamira Cir, Altamonte Springs, Florida 32701

bed 1-2
payment $1206-1518/mo.

The Crest at Altamonte

599 Calibre Crest Pky, Altamonte Springs, Florida 32714

bed 1-2
payment $1236-1829/mo.

Los Altos at Altamonte Springs

311 Los Altos Way, Altamonte Springs, Florida 32714

bed 1-3
payment $1245-1698/mo.

Lakeshore At Altamonte Springs

270 Altamonte Bay Club Cir, Altamonte Springs, Florida 32701

bed 1-2
payment $1447-1556/mo.

Las Palmas by Trion Living

693 S Wymore Rd, Altamonte Springs, Florida 32714

bed 1-2
payment $1198-1693/mo.

Stone Creek at Wekiva

534 Sun Valley Vlg, Altamonte Springs, Florida 32714

bed 2-3
payment $1658-1999/mo.

Cortland Lake Lotus

631 Lotus Landing Blvd, Altamonte Springs, Florida 32714

bed 1-3
payment $1459-2302/mo.

Latitude 28

828 Orienta Ave, Altamonte Springs, Florida 32701

bed Studio-2
payment $1080-1250/mo.

Edge at Lake Lotus

569 Little River Loop, Altamonte Springs, Florida 32714

bed 1-3
payment $1438-2066/mo.

MAA Tiffany Oaks

351 S Northlake Blvd, Altamonte Springs, Florida 32701

bed 1-2
payment $1418-1628/mo.

Promenade at Uptown Apartments

375 Palm Springs Dr, Altamonte Springs, Florida 32701

bed Studio-3
payment $1241-1738/mo.

Lotus Landing

595 Lotus Landing Blvd, Altamonte Springs, Florida 32714

bed 1-3
payment $1235-1952/mo.

Wymore360 Apartments

360 Wymore Rd, Altamonte Springs, Florida 32714

bed 1-3
payment $1425-1895/mo.

413 Wekiva Rapids Dr

413 Wekiva Rapids Dr, Altamonte Springs, Florida 32714

bed 3
payment $2360/mo.

443 S Netherwood Cres Unit 203

443 S Netherwood Cres Unit 203, Altamonte Springs, Florida 32714

bed 3
payment $2095/mo.

918 Bishop Dr

918 Bishop Dr, Altamonte Springs, Florida 32701

bed 3
payment $2099/mo.

827 Camargo Way Unit 211

827 Camargo Way Unit 211, Altamonte Springs, Florida 32714

bed 1
payment $1450/mo.

615 Dory Ln Unit 304

615 Dory Ln Unit 304, Altamonte Springs, Florida 32714

bed 2
payment $1550/mo.

328 E Highland St

328 E Highland St, Altamonte Springs, Florida 32701

bed 3
payment $2275/mo.

How To Identify Affordable Housing in Altamonte Springs, Florida

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Altamonte Springs, 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 Altamonte Springs, Florida Affordable Housing ↓

What HUD offices serve Altamonte Springs, 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 Altamonte Springs, Florida.

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

How many renters live in Altamonte Springs, Florida?

The City of Altamonte Springs has people living in households.

There are renters living in renter households in this City. Renters make up 57.5 percent of the population living in Altamonte Springs.

What is the rental market like in Altamonte Springs, Florida?

There are an estimated housing units in the Altamonte Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Altamonte Springs, Florida, there are 1.1 rental units.

What is the vacancy rate for rentals in Altamonte Springs?

The rental vacancy rate in Altamonte Springs is 8 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 Altamonte Springs for each bedroom size?

Occupied Rental Units by Size in Altamonte Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
933 4,032 5,201 2,041 279
Occupied Rental Units by Size in Altamonte Springs

A large number of apartments in Altamonte Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Altamonte Springs

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 Altamonte Springs, Florida

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

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 828 89 percent
One BR 2,982 74 percent
Two BR 2,100 40 percent
Rental Units Below FMR in Altamonte Springs, Florida

How many affordable rental units are in Altamonte Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Altamonte Springs, Florida

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

Income Based Apartments in Altamonte Springs, Florida

Altamonte Springs features 0 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 Altamonte Springs, Florida

There are 248 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Altamonte Springs.

Housing Choice Vouchers in Altamonte Springs, Florida

On average, Section 8 Housing Choice vouchers pay Altamonte Springs landlords $1,200 per month towards rent. The average voucher holder contributes $400 towards rent in Altamonte Springs.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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