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

Discover affordable housing in Cottondale where there are 2+ 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.

Cottondale Villa Apartments

3111 Willow St, Cottondale, Florida 32431

Cedar Creek Apartments

3131 Willow St, Cottondale, Florida 32431

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cottondale, Florida
$17.14/hour
$5.14 (+43%) more than Florida minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Cottondale, Florida Affordable Housing ↓

What HUD offices serve Cottondale, 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 Cottondale, Florida.

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

How many renters live in Cottondale, Florida?

The City of Cottondale has 965 people living in 410 households.

There are 352 renters living in 141 renter households in this City. Renters make up 36.48 percent of the population living in Cottondale.

What is the rental market like in Cottondale, Florida?

There are an estimated 471 housing units in the Cottondale area. Of these, 171 units are rental homes, making up 36 percent of the housing market. For every renter household in Cottondale, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Cottondale?

The rental vacancy rate in Cottondale is 18 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 Cottondale for each bedroom size?

Occupied Rental Units by Size in Cottondale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 14 64 56 3
Occupied Rental Units by Size in Cottondale

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

Among renter households in this market, 27 percent have housing cost burden. Further, 16 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 Cottondale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $712
Two BR $905
Three BR $1,166
Four BR $1,205
2024 Fair Market Rents in Cottondale, Florida

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

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 4 100 percent
One BR 14 100 percent
Two BR 43 67 percent
Rental Units Below FMR in Cottondale, Florida

How many affordable rental units are in Cottondale?

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

Federal Program Unit Count
Low Income Housing Tax Credit 49
Public Housing 10
USDA Section 515 Rural Rental Housing 49
Tracked Units by Federal Program in Cottondale, Florida

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

Income Based Apartments in Cottondale, Florida

Cottondale features 49 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 Cottondale, Florida

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

Housing Choice Vouchers in Cottondale, Florida

On average, Section 8 Housing Choice vouchers pay Cottondale landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cottondale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cottondale, Florida for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.