Low Income Apartments and Affordable Housing For Rent in Bay County, FL

Discover affordable housing in Bay County where there are 206+ 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.

2015 Dorothy Ave Unit B

2015 Dorothy Ave Unit B, Panama City Beach, Florida 32408

bed 3
payment $1875/mo.

7421 Oak Ridge Dr

7421 Oak Ridge Dr, Panama City, Florida 32404

bed 3
payment $2000/mo.

6824 Forsythe Dr

6824 Forsythe Dr, Panama City, Florida 32404

bed 4
payment $2500/mo.

404 Cape Cod Dr

404 Cape Cod Dr, Panama City Beach, Florida 32407

bed 4
payment $2350/mo.

115 Twin Lakes Dr Unit Upper

115 Twin Lakes Dr Unit Upper, Panama City Beach, Florida 32413

bed 3
payment $1700/mo.

708 S Hwy 22 A Unit 708 S Hwy 22A B

708 S Hwy 22 A Unit 708 S Hwy 22A B, Panama City, Florida 32404

bed 2
payment $895/mo.

4701 Shannon Ln

4701 Shannon Ln, Panama City, Florida 32404

bed 4
payment $2400/mo.

495 Eagle Lake Wy

495 Eagle Lake Wy, Panama City, Florida 32404

bed 4
payment $2550/mo.

120 Tiller Dr

120 Tiller Dr, Callaway, Florida 32404

bed 4
payment $2550/mo.

6724 Pridgen St

6724 Pridgen St, Panama City, Florida 32404

bed 3
payment $1750/mo.

708 S Hwy 22 A Unit B

708 S Hwy 22 A Unit B, Panama City, Florida 32404

bed 2
payment $895/mo.

1025 W 19th St

1025 W 19th St, Panama City, Florida 32405

bed 2
payment $1400/mo.

3615 Eagle Ln

3615 Eagle Ln, Panama City, Florida 32404

bed 2
payment $1250/mo.

1505 Frankford Ave

1505 Frankford Ave, Panama City, Florida 32405

bed 2
payment $1250/mo.

168 N Comet Ave Unit E-3

168 N Comet Ave Unit E-3, Panama City, Florida 32404

bed 2
payment $1100/mo.

19610 Alta Vista Dr Unit ALTA VISTA - East

19610 Alta Vista Dr Unit ALTA VISTA - East, Panama City, Florida 32413

bed 2
payment $1395/mo.

149 N Hwy 22 A Unit 6

149 N Hwy 22 A Unit 6, Panama City, Florida 32404

bed 2
payment $1195/mo.

2503 W 10th St Unit D

2503 W 10th St Unit D, Panama City, Florida 32401

bed 2
payment $1200/mo.

1410 New York Ave Unit #A

1410 New York Ave Unit #A, Lynn Haven, Florida 32444

bed 2
payment $1295/mo.

103 W 3rd St

103 W 3rd St, Lynn Haven, Florida 32444

bed 3
payment $1800/mo.

How To Identify Affordable Housing in Bay County, 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 Bay County, Florida
$28.84/hour
$16.84 (+140%) more than Florida minimum wage and $21.59 (+298%) more than the Federal minimum wage.
Learn More About Bay County, Florida Affordable Housing ↓

How many renters live in Bay County, Florida?

The County of Bay County has people living in households.

There are renters living in renter households in this County. Renters make up 30.33 percent of the population living in Bay County.

What is the rental market like in Bay County, Florida?

There are an estimated housing units in the Bay County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bay County, Florida, there are 1.23 rental units.

What is the vacancy rate for rentals in Bay County?

The rental vacancy rate in Bay County is 17 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 Bay County for each bedroom size?

Occupied Rental Units by Size in Bay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
895 3,718 10,394 7,017 1,242
Occupied Rental Units by Size in Bay County

A large number of apartments in Bay County 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 Bay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,269 to $2,585. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,269
One BR $1,297
Two BR $1,523
Three BR $2,065
Four BR $2,585
2024 Fair Market Rents in Bay County, Florida

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

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 605 68 percent
One BR 2,464 66 percent
Two BR 7,066 68 percent
Rental Units Below FMR in Bay County, Florida

How many affordable rental units are in Bay County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Bay County, Florida

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

Income Based Apartments in Bay County, Florida

Bay County features 1,451 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 Bay County, Florida

There are 1,414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bay County.

Housing Choice Vouchers in Bay County, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bay County, Florida for a two-bedroom apartment is between $1,371 and $1,675.

Sourced from federal housing data and AffordableHousingOnline.com research.

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