Low Income Apartments and Affordable Housing For Rent in Fort Myers, FL

Discover affordable housing in Fort Myers where there are 35+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fort Myers, Florida
$31.76/hour
$19.76 (+165%) more than Florida minimum wage and $24.51 (+338%) more than the Federal minimum wage.
Learn More About Fort Myers, Florida Affordable Housing ↓

What HUD offices serve Fort Myers, 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, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Fort Myers, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Fort Myers, Florida.

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

How many renters live in Fort Myers, Florida?

The City of Fort Myers has 95,935 people living in 40,790 households.

There are 45,792 renters living in 20,183 renter households in this City. Renters make up 47.73 percent of the population living in Fort Myers.

What is the rental market like in Fort Myers, Florida?

There are an estimated 45,607 housing units in the Fort Myers area. Of these, 20,447 units are rental homes, making up 45 percent of the housing market. For every renter household in Fort Myers, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Fort Myers?

The rental vacancy rate in Fort Myers 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 Fort Myers for each bedroom size?

Occupied Rental Units by Size in Fort Myers
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,516 4,476 9,009 3,962 170
Occupied Rental Units by Size in Fort Myers

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

Among renter households in this market, 59 percent have housing cost burden. Further, 33 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 Fort Myers

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,329 to $2,499. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,329
One BR $1,331
Two BR $1,677
Three BR $2,198
Four BR $2,499
2024 Fair Market Rents in Fort Myers, Florida

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

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 749 30 percent
One BR 2,232 50 percent
Two BR 4,216 47 percent
Rental Units Below FMR in Fort Myers, Florida

How many affordable rental units are in Fort Myers?

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

Federal Program Unit Count
Low Income Housing Tax Credit 2,448
Public Housing 865
Section 8 Project-Based Rental Assistance 579
Section 202 Supportive Housing for the Elderly 59
Section 811 Supportive Housing for Persons with Disabilities 50
Tracked Units by Federal Program in Fort Myers, Florida

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

Income Based Apartments in Fort Myers, Florida

Fort Myers features 1,639 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 Fort Myers, Florida

There are 2,607 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Myers.

Housing Choice Vouchers in Fort Myers, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Myers, Florida for a two-bedroom apartment is between $1,509 and $1,845.

Sourced from federal housing data and AffordableHousingOnline.com research.