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

Discover affordable housing in Lake Wales where there are 13+ 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.

Lake Wales Villas

605 South 3rd Street , Lake Wales, Florida 33853

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior

Orangemont Village I & II

401 Winston Ave, Lake Wales, Florida 33853

switch_access_shortcut Short Wait
accessibility Accessible

Wales Landing Apartments

700 11th Street, South, Lake Wales, Florida 33853

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Lake Wales Gardens

504 S 4th St, Lake Wales, Florida 33853

payment Subsidized
accessibility Accessible

3007 Harbor Pointe Dr

3007 Harbor Pointe Dr, Lake Wales, Florida 33898

bed 1
payment $1200/mo.

4105 Spiker Ln

4105 Spiker Ln, Lake Wales, Florida 33859

bed 3
payment $1200/mo.

807 Ballantyne Dr

807 Ballantyne Dr, Lake Wales, Florida 33898

bed 3
payment $2050/mo.

3738 Red Oak Ct

3738 Red Oak Ct, Lake Wales, Florida 33898

bed 3
payment $1800/mo.

Towers Point

101 Tower Point Cir, Lake Wales, Florida 33859

switch_access_shortcut Short Wait
accessibility Accessible

Sunrise Park Apartments

105 Sunrise Pkwy, Lake Wales, Florida 33853

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Village Green Apartments II

600 Club Cir, Lake Wales, Florida 33854

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Domaris Apartments

401 Domaris Ave, Lake Wales, Florida 33853

Grove Manor

10 W Sessoms Ave, Lake Wales, Florida 33853

payment Subsidized

How To Identify Affordable Housing in Lake Wales, 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 Wales, Florida
$23.67/hour
$11.67 (+97%) more than Florida minimum wage and $16.42 (+227%) more than the Federal minimum wage.
Learn More About Lake Wales, Florida Affordable Housing ↓

What HUD offices serve Lake Wales, 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 Wales, Florida.

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

How many renters live in Lake Wales, Florida?

The City of Lake Wales has people living in households.

There are renters living in renter households in this City. Renters make up 37.32 percent of the population living in Lake Wales.

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

There are an estimated housing units in the Lake Wales area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Wales, Florida, there are 1.04 rental units.

What is the vacancy rate for rentals in Lake Wales?

The rental vacancy rate in Lake Wales is 3 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 Wales for each bedroom size?

Occupied Rental Units by Size in Lake Wales
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
76 736 1,111 674 95
Occupied Rental Units by Size in Lake Wales

A large number of apartments in Lake Wales 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 Wales

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,006 to $2,121. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,006
One BR $1,012
Two BR $1,250
Three BR $1,679
Four BR $2,121
2024 Fair Market Rents in Lake Wales, Florida

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

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 67 88 percent
One BR 641 87 percent
Two BR 698 63 percent
Rental Units Below FMR in Lake Wales, Florida

How many affordable rental units are in Lake Wales?

There are a variety of federal affordable housing programs serving households in Lake Wales, 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 Wales, Florida

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

Income Based Apartments in Lake Wales, Florida

Lake Wales features 456 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 Wales, Florida

There are 224 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Wales.

Housing Choice Vouchers in Lake Wales, Florida

On average, Section 8 Housing Choice vouchers pay Lake Wales landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Lake Wales.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Wales, Florida for a two-bedroom apartment is between $1,125 and $1,375.

Sourced from federal housing data and AffordableHousingOnline.com research.

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