Low Income Apartments and Affordable Housing For Rent in Cocoa, FL

Discover affordable housing in Cocoa where there are 9+ 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.

Clear Pond Estates

811 Crestview Dr, Cocoa, Florida 32922

Oak Meadows

1605 Flower Mound Ln, Cocoa, Florida 32922

Cocoa Sunrise Terrace

828 Stone Street, Cocoa, Florida 32922

Cocoa Lakes Apartments

201 Saint Clair Drive, Cocoa, Florida 32922

Abilities at Crestview II

800 N Fiske Blvd, Cocoa, Florida 32922

Abilities at Windover

1050 N Fiske Blvd, Cocoa, Florida 32922

Asbury Arms Apartments

1430 Dixon Blvd, Cocoa, Florida 32922

Chh Win Housing

506 Abbey Ln, Cocoa, Florida 32922

Pineda Moore Homes

459 Pineda St, Cocoa, Florida 32922

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cocoa, 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 Cocoa, Florida Affordable Housing ↓

What HUD offices serve Cocoa, 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 Cocoa, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cocoa, Florida.

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

How many renters live in Cocoa, Florida?

The City of Cocoa has 19,073 people living in 7,925 households.

There are 6,616 renters living in 2,773 renter households in this City. Renters make up 34.69 percent of the population living in Cocoa.

What is the rental market like in Cocoa, Florida?

There are an estimated 9,808 housing units in the Cocoa area. Of these, 3,703 units are rental homes, making up 38 percent of the housing market. For every renter household in Cocoa, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Cocoa?

The rental vacancy rate in Cocoa is 24 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 Cocoa for each bedroom size?

Occupied Rental Units by Size in Cocoa
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
139 771 1,025 690 93
Occupied Rental Units by Size in Cocoa

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

Among renter households in this market, 58 percent have housing cost burden. Further, 26 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 Cocoa

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 Cocoa, Florida

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

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 105 76 percent
One BR 672 87 percent
Two BR 855 83 percent
Rental Units Below FMR in Cocoa, Florida

How many affordable rental units are in Cocoa?

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

Federal Program Unit Count
Low Income Housing Tax Credit 321
Section 8 Project-Based Rental Assistance 587
Section 202 Supportive Housing for the Elderly 118
Section 811 Supportive Housing for Persons with Disabilities 50
Tracked Units by Federal Program in Cocoa, Florida

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

Income Based Apartments in Cocoa, Florida

Cocoa features 638 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 Cocoa, Florida

There are 315 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cocoa.

Housing Choice Vouchers in Cocoa, Florida

On average, Section 8 Housing Choice vouchers pay Cocoa landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Cocoa.

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

Sourced from federal housing data and AffordableHousingOnline.com research.