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

Discover affordable housing in Greenacres where there are 3+ 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.

Chelsea Commons Apartments

1301 Pine Circle, Greenacres, Florida 33463

Pine Run Villas

4728 Big Ben Ln, Greenacres, Florida 33463

Villa Madonna

4809 Lake Worth Rd, Greenacres, Florida 33463

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Greenacres, Florida
$42.16/hour
$30.16 (+251%) more than Florida minimum wage and $34.91 (+482%) more than the Federal minimum wage.
Learn More About Greenacres, Florida Affordable Housing ↓

What HUD offices serve Greenacres, 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, Section 8 Project-Based Rental Assistance (PBRA), Mainstream Voucher programs for Greenacres, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Greenacres, Florida.

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

How many renters live in Greenacres, Florida?

The City of Greenacres has 43,651 people living in 15,535 households.

There are 16,041 renters living in 5,637 renter households in this City. Renters make up 36.75 percent of the population living in Greenacres.

What is the rental market like in Greenacres, Florida?

There are an estimated 17,783 housing units in the Greenacres area. Of these, 6,010 units are rental homes, making up 34 percent of the housing market. For every renter household in Greenacres, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Greenacres?

The rental vacancy rate in Greenacres is 6 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 Greenacres for each bedroom size?

Occupied Rental Units by Size in Greenacres
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
130 678 2,821 1,894 88
Occupied Rental Units by Size in Greenacres

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

Among renter households in this market, 64 percent have housing cost burden. Further, 25 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 Greenacres

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,556. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,573
One BR $1,851
Two BR $2,226
Three BR $2,942
Four BR $3,556
2024 Fair Market Rents in Greenacres, Florida

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

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 36 28 percent
One BR 545 80 percent
Two BR 1,369 49 percent
Rental Units Below FMR in Greenacres, Florida

How many affordable rental units are in Greenacres?

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

Federal Program Unit Count
Low Income Housing Tax Credit 104
Section 202 Supportive Housing for the Elderly 98
Tracked Units by Federal Program in Greenacres, Florida

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

Income Based Apartments in Greenacres, Florida

Greenacres features 99 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 Greenacres, Florida

There are 272 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenacres.

Housing Choice Vouchers in Greenacres, Florida

On average, Section 8 Housing Choice vouchers pay Greenacres landlords $1,200 per month towards rent. The average voucher holder contributes $500 towards rent in Greenacres.

The maximum amount a voucher would pay on behalf of a low-income tenant in Greenacres, Florida for a two-bedroom apartment is between $2,003 and $2,449.

Sourced from federal housing data and AffordableHousingOnline.com research.