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.
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.