Low Income Apartments and Affordable Housing For Rent in Fernandina Beach, FL

Discover affordable housing in Fernandina Beach 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.

Post Oak Apartments

996 Citrona Drive, Fernandina Beach, Florida 32034

Countryside Apartments

1105 S 13th Street, Fernandina Beach, Florida 32034

Sandridge Apartments

2021 Jasmine Street, Fernandina Beach, Florida 32034

Buccaneer Villas Apartments

1100 Lime St, Fernandina Beach, Florida 32034

Nassau Club Apartments

95150 Woodbridge Pkwy, Fernandina Beach, Florida 32034

Murray Hill Apts

1655 Lime Street, Fernandina Beach, Florida

Fernandina Bch Apartments

1316 Hickory St, Fernandina Beach, Florida 32034

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fernandina Beach, Florida
$18.38 (+153%) more than Florida minimum wage and $23.13 (+319%) more than the Federal minimum wage.
Learn More About Fernandina Beach, Florida Affordable Housing ↓

What HUD offices serve Fernandina Beach, 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 Fernandina Beach, Florida.

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

How many renters live in Fernandina Beach, Florida?

The City of Fernandina Beach has 13,028 people living in 6,068 households.

There are 2,394 renters living in 1,084 renter households in this City. Renters make up 18.38 percent of the population living in Fernandina Beach.

What is the rental market like in Fernandina Beach, Florida?

There are an estimated 7,562 housing units in the Fernandina Beach area. Of these, 1,185 units are rental homes, making up 16 percent of the housing market. For every renter household in Fernandina Beach, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Fernandina Beach?

The rental vacancy rate in Fernandina Beach is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Fernandina Beach for each bedroom size?

Occupied Rental Units by Size in Fernandina Beach
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 119 531 398 22
Occupied Rental Units by Size in Fernandina Beach

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

Among renter households in this market, 51 percent have housing cost burden. Further, 17 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 Fernandina Beach

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,240 to $2,579. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,240
One BR $1,354
Two BR $1,604
Three BR $2,027
Four BR $2,579
2024 Fair Market Rents in Fernandina Beach, Florida

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

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
One BR 63 53 percent
Two BR 432 81 percent
Rental Units Below FMR in Fernandina Beach, Florida

How many affordable rental units are in Fernandina Beach?

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

Federal Program Unit Count
Low Income Housing Tax Credit 171
Public Housing 57
USDA Section 515 Rural Rental Housing 210
Tracked Units by Federal Program in Fernandina Beach, Florida

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

Income Based Apartments in Fernandina Beach, Florida

Fernandina Beach features 267 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 Fernandina Beach, Florida

There are 192 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fernandina Beach.

Housing Choice Vouchers in Fernandina Beach, Florida

On average, Section 8 Housing Choice vouchers pay Fernandina Beach landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Fernandina Beach.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fernandina Beach, Florida for a two-bedroom apartment is between $1,444 and $1,764.

Sourced from federal housing data and AffordableHousingOnline.com research.