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

Discover affordable housing in Cocoa where there are 24+ 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.

7002 Ash Dr

7002 Ash Dr, Cocoa, Florida 32927

bed 4
payment $1700/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Asbury Arms Apartments

1430 Dixon Blvd, Cocoa, Florida 32922

payment Subsidized
accessibility Accessible

Pineda Moore Homes

459 Pineda St, Cocoa, Florida 32922

Chh Win Housing

506 Abbey Ln, Cocoa, Florida 32922

How To Identify Affordable Housing in Cocoa, 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 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 people living in households.

There are renters living in 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 housing units in the Cocoa area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cocoa, Florida, there are 1.34 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 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
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
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.

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