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

Discover affordable housing in Lake Butler 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.

Forest Park Apartments

775 NE 1st Street, Lake Butler, Florida 32054

bed 1-2
payment $730-750/mo.

Lake Butler Apartments

1005 SW 6th St, Lake Butler, Florida 32054

715 W Main St

715 W Main St, Lake Butler, Florida 32054

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Lake Butler, Florida

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake Butler, Florida
$5.14 (+43%) more than Florida minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Lake Butler, Florida Affordable Housing ↓

What HUD offices serve Lake Butler, 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 Public Housing programs for Lake Butler, Florida.

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

How many renters live in Lake Butler, Florida?

The City of Lake Butler has people living in households.

There are renters living in renter households in this City. Renters make up 55.1 percent of the population living in Lake Butler.

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

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

What is the vacancy rate for rentals in Lake Butler?

The rental vacancy rate in Lake Butler 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 Lake Butler for each bedroom size?

Occupied Rental Units by Size in Lake Butler
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 28 110 213 61
Occupied Rental Units by Size in Lake Butler

A large number of apartments in Lake Butler have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lake Butler

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,267. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $684
One BR $689
Two BR $905
Three BR $1,136
Four BR $1,267
2024 Fair Market Rents in Lake Butler, Florida

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

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 12 80 percent
One BR 28 100 percent
Two BR 69 63 percent
Rental Units Below FMR in Lake Butler, Florida

How many affordable rental units are in Lake Butler?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Lake Butler, Florida

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

Income Based Apartments in Lake Butler, Florida

Lake Butler features 202 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 Lake Butler, Florida

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

Housing Choice Vouchers in Lake Butler, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Butler, Florida for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.