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

Discover affordable housing in Inverness where there are 11+ 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.

Heron Woods Apartments

701 White Blvd, Inverness, Florida 34453

Raintree Apartments I

201 E Hill St, Inverness, Florida 34452

Candlewood Court

307 Washington Avenue, Inverness, Florida 34450

Knollwood Townhomes

1719 Druid Road, Inverness, Florida 34452

Jt Inverness Club Dewar Properties

518 Ella Ave, Inverness, Florida 34450

Key Manor Apartments

408 Zephyr St, Inverness, Florida 34450

Key Vista Apartments

222 Pleasant Grove Rd, Inverness, Florida 34452

Key Light Homes

307 Emery St, Inverness, Florida 34450

Colonnade Park

1800 Colonade Street, Inverness, Florida 34453

Parke Forest II

1133 Mossy Oak Dr, Inverness, Florida 34450

Washington Square Apartments

300 Washington Ave, Inverness, Florida 34450

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Inverness, Florida
$21.14/hour
$9.14 (+76%) more than Florida minimum wage and $13.89 (+192%) more than the Federal minimum wage.
Learn More About Inverness, Florida Affordable Housing ↓

What HUD offices serve Inverness, 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) programs for Inverness, Florida.

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

How many renters live in Inverness, Florida?

The City of Inverness has 7,602 people living in 3,744 households.

There are 2,274 renters living in 1,156 renter households in this City. Renters make up 29.91 percent of the population living in Inverness.

What is the rental market like in Inverness, Florida?

There are an estimated 4,526 housing units in the Inverness area. Of these, 1,266 units are rental homes, making up 28 percent of the housing market. For every renter household in Inverness, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Inverness?

The rental vacancy rate in Inverness 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 Inverness for each bedroom size?

Occupied Rental Units by Size in Inverness
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
42 281 565 214 54
Occupied Rental Units by Size in Inverness

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

Among renter households in this market, 61 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 Inverness

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $848 to $1,894. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $848
One BR $853
Two BR $1,116
Three BR $1,554
Four BR $1,894
2024 Fair Market Rents in Inverness, Florida

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

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 28 67 percent
One BR 175 62 percent
Two BR 402 71 percent
Rental Units Below FMR in Inverness, Florida

How many affordable rental units are in Inverness?

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

Federal Program Unit Count
Low Income Housing Tax Credit 100
Section 8 Project-Based Rental Assistance 12
Section 811 Supportive Housing for Persons with Disabilities 37
USDA Section 515 Rural Rental Housing 213
Tracked Units by Federal Program in Inverness, Florida

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

Income Based Apartments in Inverness, Florida

Inverness features 258 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 Inverness, Florida

There are 156 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Inverness.

Housing Choice Vouchers in Inverness, Florida

On average, Section 8 Housing Choice vouchers pay Inverness landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Inverness.

The maximum amount a voucher would pay on behalf of a low-income tenant in Inverness, Florida for a two-bedroom apartment is between $1,004 and $1,228.

Sourced from federal housing data and AffordableHousingOnline.com research.