Low Income Apartments and Affordable Housing For Rent in Lady Lake, FL

Discover affordable housing in Lady Lake where there are 4+ 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.

Cove at Lady Lake

735 S US Highway 441, Lady Lake, Florida 32159

Lakewood Villas of Lady Lake, Ltd

306 S Old Dixie Hwy, Lady Lake, Florida 32159

Rolling Acres II

824 County Road 466, Lady Lake, Florida 32159

Lake North II

511 Highway 466, Lady Lake, Florida 32159

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lady Lake, Florida
$35.17/hour
$23.17 (+193%) more than Florida minimum wage and $27.92 (+385%) more than the Federal minimum wage.
Learn More About Lady Lake, Florida Affordable Housing ↓

What HUD offices serve Lady Lake, 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 Lady Lake, Florida.

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

How many renters live in Lady Lake, Florida?

The City of Lady Lake has 16,047 people living in 8,250 households.

There are 4,588 renters living in 2,248 renter households in this City. Renters make up 28.59 percent of the population living in Lady Lake.

What is the rental market like in Lady Lake, Florida?

There are an estimated 9,930 housing units in the Lady Lake area. Of these, 2,469 units are rental homes, making up 25 percent of the housing market. For every renter household in Lady Lake, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Lady Lake?

The rental vacancy rate in Lady Lake is 7 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 Lady Lake for each bedroom size?

Occupied Rental Units by Size in Lady Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
46 635 1,119 435 13
Occupied Rental Units by Size in Lady Lake

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

Among renter households in this market, 52 percent have housing cost burden. Further, 31 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 Lady Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,558 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,558
One BR $1,638
Two BR $1,857
Three BR $2,362
Four BR $2,849
2024 Fair Market Rents in Lady Lake, Florida

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

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 19 41 percent
One BR 584 92 percent
Two BR 732 65 percent
Rental Units Below FMR in Lady Lake, Florida

How many affordable rental units are in Lady Lake?

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

Federal Program Unit Count
Low Income Housing Tax Credit 248
Section 202 Supportive Housing for the Elderly 1
USDA Section 515 Rural Rental Housing 138
Tracked Units by Federal Program in Lady Lake, Florida

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

Income Based Apartments in Lady Lake, Florida

Lady Lake features 72 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 Lady Lake, Florida

There are 280 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lady Lake.

Housing Choice Vouchers in Lady Lake, Florida

On average, Section 8 Housing Choice vouchers pay Lady Lake landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Lady Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lady Lake, Florida for a two-bedroom apartment is between $1,671 and $2,043.

Sourced from federal housing data and AffordableHousingOnline.com research.