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

Discover affordable housing in Lake Mary where there are 35+ 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.

2927 Greenwood Springs Loop

2927 Greenwood Springs Loop, Lake Mary, Florida 32746

bed 2
payment $1800/mo.

305 Memphis Cir

305 Memphis Cir, Lake Mary, Florida 32746

bed 4
payment $2640/mo.

2504 Grassy Point Dr

2504 Grassy Point Dr, Lake Mary, Florida 32746

bed 1
payment $1295/mo.

408 Sir Topaz Ln

408 Sir Topaz Ln, Lake Mary, Florida 32746

bed 2
payment $1680/mo.

727 Sugar Bay Way

727 Sugar Bay Way, Lake Mary, Florida 32746

bed 1
payment $1350/mo.

1325 Rotonda Point Unit 201

1325 Rotonda Point Unit 201, Lake Mary, Florida 32746

bed 2
payment $1850/mo.

211 E Floyd Ave

211 E Floyd Ave, Lake Mary, Florida 32746

bed 2
payment $1800/mo.

734 Sugar Bay Way Unit 202

734 Sugar Bay Way Unit 202, Lake Mary, Florida 32746

bed 2
payment $1550/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

2592 Grassy Point Dr Unit 200

2592 Grassy Point Dr Unit 200, Lake Mary, Florida 32746

bed 2
payment $1675/mo.

277 Lakebreeze Cir

277 Lakebreeze Cir, Lake Mary, Florida 32746

bed 3
payment $2295/mo.

386 Morning Glory Dr

386 Morning Glory Dr, Lake Mary, Florida 32746

bed 3
payment $2330/mo.

307 Seminole Ave

307 Seminole Ave, Lake Mary, Florida 32746

bed 2
payment $1800/mo.

2569 Grassy Point Dr Unit #207

2569 Grassy Point Dr Unit #207, Lake Mary, Florida 32746

bed 1
payment $1350/mo.

2868 Woodlands Park Ct

2868 Woodlands Park Ct, Lake Mary, Florida 32746

bed 2
payment $1650/mo.

109 Morning Glory Dr

109 Morning Glory Dr, Lake Mary, Florida 32746

bed 3
payment $2270/mo.

How To Identify Affordable Housing in Lake Mary, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake Mary, 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 Lake Mary, Florida Affordable Housing ↓

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

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

How many renters live in Lake Mary, Florida?

The City of Lake Mary has people living in households.

There are renters living in renter households in this City. Renters make up 29.38 percent of the population living in Lake Mary.

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

There are an estimated housing units in the Lake Mary area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Mary, Florida, there are 1.08 rental units.

What is the vacancy rate for rentals in Lake Mary?

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

Occupied Rental Units by Size in Lake Mary
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
38 730 672 346 273
Occupied Rental Units by Size in Lake Mary

A large number of apartments in Lake Mary 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 Mary

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 Lake Mary, Florida

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

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 120 16 percent
Two BR 131 19 percent
Rental Units Below FMR in Lake Mary, Florida

How many affordable rental units are in Lake Mary?

Income Based Apartments in Lake Mary, Florida

Lake Mary features 0 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 Mary, Florida

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

Housing Choice Vouchers in Lake Mary, Florida

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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