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

Discover affordable housing in Lake City where there are 9+ 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.

Windsong Apartments

2580 SW Windsong Cir, Lake City, Florida 32025

Lakewood Apartments

1198 SW Anniston Circle, Lake City, Florida 32025

Cedar Park Apartments

377 NW Bascom Norris Dr, Lake City, Florida 32055

LAKE CITY VOA LIVING CENTER

1079 NW MINEART LN, Lake City, Florida 32055

Lake City Villas

1344 SW Zesty Cir, Lake City, Florida 32025

Lake City Village

1461 SW Haygood Loop, Lake City, Florida 32025

Thornwood Terrace

1015 SW Thornwood Cir, Lake City, Florida 32025

Carc Housing

286 SE Lochlynn Ter, Lake City, Florida 32025

Lakewood II

905 NE Lake Desoto Cir, Lake City, Florida 32055

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake City, Florida
$19.73/hour
$7.73 (+64%) more than Florida minimum wage and $12.48 (+172%) more than the Federal minimum wage.
Learn More About Lake City, Florida Affordable Housing ↓

What HUD offices serve Lake City, 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 City, Florida.

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

How many renters live in Lake City, Florida?

The City of Lake City has 12,307 people living in 4,869 households.

There are 6,683 renters living in 2,984 renter households in this City. Renters make up 54.3 percent of the population living in Lake City.

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

There are an estimated 5,476 housing units in the Lake City area. Of these, 3,163 units are rental homes, making up 58 percent of the housing market. For every renter household in Lake City, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Lake City?

The rental vacancy rate in Lake City is 5 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 City for each bedroom size?

Occupied Rental Units by Size in Lake City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
74 316 1,748 748 64
Occupied Rental Units by Size in Lake City

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

Among renter households in this market, 46 percent have housing cost burden. Further, 23 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 Lake City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $788 to $1,388. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $788
One BR $793
Two BR $1,042
Three BR $1,268
Four BR $1,388
2024 Fair Market Rents in Lake City, Florida

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

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 74 100 percent
One BR 259 82 percent
Two BR 965 55 percent
Rental Units Below FMR in Lake City, Florida

How many affordable rental units are in Lake City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 464
Public Housing 73
Section 8 Project-Based Rental Assistance 83
Section 811 Supportive Housing for Persons with Disabilities 13
USDA Section 515 Rural Rental Housing 204
Tracked Units by Federal Program in Lake City, Florida

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

Income Based Apartments in Lake City, Florida

Lake City features 254 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 City, Florida

There are 180 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake City.

Housing Choice Vouchers in Lake City, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake City, Florida for a two-bedroom apartment is between $938 and $1,146.

Sourced from federal housing data and AffordableHousingOnline.com research.