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

Discover affordable housing in Crestview where there are 7+ 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.

Crestview I

1450 Coremo Drive, Crestview, Florida 32539

Bent Creek I

209 Bent Creek Road, Crestview, Florida 32539

Brentwood Apartment

107 Brentwood Ln, Crestview, Florida 32539

Brookmeade Villas

102 Noble Cir, Crestview, Florida 32539

Brentwood

104 Brentwood Ln, Crestview, Florida 32539

Addison Place

111 Addison Pl, Crestview, Florida 32536

King Village Neal Cobb Villa Ed Hill Man

201 Barr Pl, Crestview, Florida 32536

calendar_today Opens: Apr 8
calendar_today Closes: Apr 15,

Reported On March 22nd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Crestview, Florida
$28.90/hour
$16.90 (+141%) more than Florida minimum wage and $21.65 (+299%) more than the Federal minimum wage.
Learn More About Crestview, Florida Affordable Housing ↓

What HUD offices serve Crestview, 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 Crestview, Florida.

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

How many renters live in Crestview, Florida?

The City of Crestview has 27,427 people living in 10,234 households.

There are 9,785 renters living in 4,060 renter households in this City. Renters make up 35.68 percent of the population living in Crestview.

What is the rental market like in Crestview, Florida?

There are an estimated 10,974 housing units in the Crestview area. Of these, 4,531 units are rental homes, making up 41 percent of the housing market. For every renter household in Crestview, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Crestview?

The rental vacancy rate in Crestview is 9 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 Crestview for each bedroom size?

Occupied Rental Units by Size in Crestview
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
112 714 1,392 1,430 412
Occupied Rental Units by Size in Crestview

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

Among renter households in this market, 48 percent have housing cost burden. Further, 14 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 Crestview

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,211 to $2,557. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,211
One BR $1,319
Two BR $1,526
Three BR $2,064
Four BR $2,557
2024 Fair Market Rents in Crestview, Florida

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

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 90 80 percent
One BR 544 76 percent
Two BR 1,175 84 percent
Rental Units Below FMR in Crestview, Florida

How many affordable rental units are in Crestview?

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

Federal Program Unit Count
Low Income Housing Tax Credit 277
Public Housing 270
USDA Section 515 Rural Rental Housing 194
Tracked Units by Federal Program in Crestview, Florida

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

Income Based Apartments in Crestview, Florida

Crestview features 391 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 Crestview, Florida

There are 198 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Crestview.

Housing Choice Vouchers in Crestview, Florida

On average, Section 8 Housing Choice vouchers pay Crestview landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Crestview.

The maximum amount a voucher would pay on behalf of a low-income tenant in Crestview, Florida for a two-bedroom apartment is between $1,373 and $1,679.

Sourced from federal housing data and AffordableHousingOnline.com research.