Low Income Apartments and Affordable Housing For Rent in Lafayette County, FL

Discover affordable housing in Lafayette County where there are 1+ 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.

Lafayette Apartments

176 SE Land Ave, Mayo, Florida 32066

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lafayette County, Florida
$18.05/hour
$6.05 (+50%) more than Florida minimum wage and $10.80 (+149%) more than the Federal minimum wage.
Learn More About Lafayette County, Florida Affordable Housing ↓

How many renters live in Lafayette County, Florida?

The County of Lafayette County has 8,107 people living in 2,555 households.

There are 1,058 renters living in 498 renter households in this County. Renters make up 13.05 percent of the population living in Lafayette County.

What is the rental market like in Lafayette County, Florida?

There are an estimated 3,403 housing units in the Lafayette County area. Of these, 498 units are rental homes, making up 15 percent of the housing market. For every renter household in Lafayette County, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Lafayette County?

The rental vacancy rate in Lafayette County is 0 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 Lafayette County for each bedroom size?

Occupied Rental Units by Size in Lafayette County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
27 44 119 308 0
Occupied Rental Units by Size in Lafayette County

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

Among renter households in this market, 28 percent have housing cost burden. Further, 22 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 Lafayette County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $815 to $1,332. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $815
One BR $819
Two BR $953
Three BR $1,152
Four BR $1,332
2024 Fair Market Rents in Lafayette County, Florida

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

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 0 100 percent
One BR 29 66 percent
Two BR 67 56 percent
Rental Units Below FMR in Lafayette County, Florida

How many affordable rental units are in Lafayette County?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 37
Tracked Units by Federal Program in Lafayette County, Florida

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

Income Based Apartments in Lafayette County, Florida

Lafayette County features 36 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 Lafayette County, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lafayette County.

Housing Choice Vouchers in Lafayette County, Florida

On average, Section 8 Housing Choice vouchers pay Lafayette County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lafayette County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lafayette County, Florida for a two-bedroom apartment is between $858 and $1,048.

Sourced from federal housing data and AffordableHousingOnline.com research.