Low Income Apartments and Affordable Housing For Rent in Cape Canaveral, FL

Discover affordable housing in Cape Canaveral where there are 1+ 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.

Avana Blu

211 Caroline St, Cape Canaveral, Florida 32920

bed 1
payment $1195/mo.

How To Identify Affordable Housing in Cape Canaveral, 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 Cape Canaveral, Florida
$27.16/hour
$15.16 (+126%) more than Florida minimum wage and $19.91 (+275%) more than the Federal minimum wage.
Learn More About Cape Canaveral, Florida Affordable Housing ↓

What HUD offices serve Cape Canaveral, 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 Cape Canaveral, Florida.

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

How many renters live in Cape Canaveral, Florida?

The City of Cape Canaveral has people living in households.

There are renters living in renter households in this City. Renters make up 37.75 percent of the population living in Cape Canaveral.

What is the rental market like in Cape Canaveral, Florida?

There are an estimated housing units in the Cape Canaveral area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cape Canaveral, Florida, there are 1.24 rental units.

What is the vacancy rate for rentals in Cape Canaveral?

The rental vacancy rate in Cape Canaveral is 19 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 Cape Canaveral for each bedroom size?

Occupied Rental Units by Size in Cape Canaveral
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
153 774 1,072 193 37
Occupied Rental Units by Size in Cape Canaveral

A large number of apartments in Cape Canaveral 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 Cape Canaveral

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,034 to $2,263. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,034
One BR $1,214
Two BR $1,434
Three BR $1,938
Four BR $2,263
2024 Fair Market Rents in Cape Canaveral, Florida

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

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 118 77 percent
One BR 616 80 percent
Two BR 690 64 percent
Rental Units Below FMR in Cape Canaveral, Florida

How many affordable rental units are in Cape Canaveral?

Income Based Apartments in Cape Canaveral, Florida

Cape Canaveral 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 Cape Canaveral, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cape Canaveral.

Housing Choice Vouchers in Cape Canaveral, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cape Canaveral, Florida for a two-bedroom apartment is between $1,291 and $1,577.

Sourced from federal housing data and AffordableHousingOnline.com research.

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