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

Discover affordable housing in Okaloosa County where there are 16+ 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.

Wildwood

400 Kelly Rd, Niceville, Florida 32578

Crestview I

1450 Coremo Drive, Crestview, Florida 32539

Bent Creek I

209 Bent Creek Road, Crestview, Florida 32539

Brentwood Apartment

107 Brentwood Ln, Crestview, Florida 32539

Brookmeade Villas

102 Noble Cir, Crestview, Florida 32539

Heather Glenn

1600 Hunt Club St, Fort Walton Beach, Florida 32547

Brentwood

104 Brentwood Ln, Crestview, Florida 32539

Addison Place

111 Addison Pl, Crestview, Florida 32536

Westminster Manor II

45 Windham Ave SE, Fort Walton Beach, Florida 32548

White Sands Manor

40 Windham Ave SE, Fort Walton Beach, Florida 32548

Choctaw Village

859 Gibson Rd, Fort Walton Beach, Florida 32547

Oakview Garden II

500 Kelly Mill Rd, Valparaiso, Florida 32580

Shoreline Villas

302 Dates Avenue NW, Fort Walton Beach, Florida 32548

Charlie Hill Terrace

50 Ed Brown St SW, Fort Walton Beach, Florida 32548

Partin Heights

207 Camellia Pl, Niceville, Florida 32578

King Village Neal Cobb Villa Ed Hill Man

201 Barr Pl, Crestview, Florida 32536

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Okaloosa County, Florida
$28.90/hour
$16.90 (+141%) more than Florida minimum wage and $21.65 (+299%) more than the Federal minimum wage.
Learn More About Okaloosa County, Florida Affordable Housing ↓

How many renters live in Okaloosa County, Florida?

The County of Okaloosa County has 216,482 people living in 86,848 households.

There are 60,461 renters living in 26,938 renter households in this County. Renters make up 27.93 percent of the population living in Okaloosa County.

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

There are an estimated 103,502 housing units in the Okaloosa County area. Of these, 30,818 units are rental homes, making up 30 percent of the housing market. For every renter household in Okaloosa County, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Okaloosa County?

The rental vacancy rate in Okaloosa County is 13 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 Okaloosa County for each bedroom size?

Occupied Rental Units by Size in Okaloosa County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
900 4,120 10,573 9,404 2,226
Occupied Rental Units by Size in Okaloosa County

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

Among renter households in this market, 52 percent have housing cost burden. Further, 21 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 Okaloosa County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,211 to $2,557. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,211
One BR $1,319
Two BR $1,526
Three BR $2,064
Four BR $2,557
2024 Fair Market Rents in Okaloosa County, Florida

How many units are rented at Fair Market Rent (FMR) in Okaloosa 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 539 60 percent
One BR 2,596 63 percent
Two BR 7,532 71 percent
Rental Units Below FMR in Okaloosa County, Florida

How many affordable rental units are in Okaloosa County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 594
Public Housing 507
Section 8 Project-Based Rental Assistance 143
Section 202 Supportive Housing for the Elderly 53
USDA Section 515 Rural Rental Housing 245
Tracked Units by Federal Program in Okaloosa County, Florida

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

Income Based Apartments in Okaloosa County, Florida

Okaloosa County features 872 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 Okaloosa County, Florida

There are 474 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Okaloosa County.

Housing Choice Vouchers in Okaloosa County, Florida

On average, Section 8 Housing Choice vouchers pay Okaloosa County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Okaloosa County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Okaloosa County, Florida for a two-bedroom apartment is between $1,373 and $1,679.

Sourced from federal housing data and AffordableHousingOnline.com research.