Cheap Apartments In Marion County
Florida

Low Income Apartments In Marion County

Magnolia Walk II

2501 SW 10th St
Ocala, FL
$418-513
1-2 BR
HCV Welcome

Blitchton Station Apartments

1741 NW 7 St.
Ocala, FL
$418-542
1-3 BR
HCV Welcome

Oakbrook Villas

11703-3 SE 57th Avenue
Belleview, FL
$480-560
1-3 BR

Spring Manor Apartments

2833 NE 7th St
Ocala, FL
1-4 BR
Subsidized

Meadowfield Apartments

5155 SE 115 Street
Belleview, FL
Income Based
1-3 BR
Subsidized

Rolling Hills Apartments

11150 Rolling Hills Road
Dunnellon, FL
Income Based
1-2 BR

Laurel Park II

100 NW 23rd Ave
Ocala, FL
1-3 BR
HCV Welcome

Harveys Fellowship Homes

1415 NW 5th St
Ocala, FL
Subsidized

Rainbow Gardens Apartments

11850 Rainbow Gardens Cir
Dunnellon, FL
Subsidized

Sutton Place Apartments.

523 NE 23rd Cir
Ocala, FL
Subsidized

There are 24 low income housing apartment complexes which contain 2,500 affordable apartments for rent in Marion County, Florida. Many of these rental apartments are income based housing with about 1,289 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 620 Project-Based Section 8 subsidized apartments in Marion County. There are 1,674 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Marion County

Housing Authority Programs
Ocala Housing Authority Section 8 Housing Choice Voucher; Public Housing; Homeownership Voucher; Public Housing Homeownership; Family Self-sufficiency; Veteran Affairs Supportive Housing; Homeownership

Understanding Affordable Housing in Marion County, Florida

Marion County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 24
Total Low Income Apartments 2,500
Total Rent Assisted Apartments 1,289
Percentage of Housing Units Occupied By Renters 24.44%
Average Renter Household Size 2.66
Total Population 336,811
Housing Units 132,287
Average Household Size 2.48
Median Household Income $39,459 ±$657
Median Rent $803 ±$13
Percentage Of Renters Overburdened 47.8% ± 2.58pp

Population and Household Demographics

Marion County is a County in Florida with a population of 336,811. There are 132,287 households in the county with an average household size of 2.48 persons. 24.44% of households in Marion County are renters.

Income and Rent Overburden in Marion County

The median gross income for households in Marion County is $39,459 a year, or $3,288 a month. The median rent for the county is $803 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $2,677 a month would be considered overburdened when renting an apartment at or above the median rent. 47.8% of households who rent are overburdened in Marion County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 2.58 percentage points.

Area Median Income In Marion County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Marion County, HUD calculates the Area Median Income for a family of four as $53,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Marion County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Marion County HUD Rental Assistance in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,100 $28,850 $31,000 $33,150 $35,250
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% of Median $29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Marion County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2011, 13 low income apartment communities containing 1,785 rental apartments have been constructed and made affordable to low income persons in Marion County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Marion County by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
60% of Median $22,440 $25,680 $28,860 $32,040 $34,620 $37,200 $39,780 $42,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Marion County is $28,860 a year, or $2,405 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,405 by 30% to get a maximum rent of $722 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $468 $501 $601 $694 $775 $855
60% $561 $602 $722 $833 $930 $1,026
Fair Market Rents in Marion County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$631 $712 $867 $1,154 $1,281

Cities In Marion County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Ocala 18 The HUD funded Public Housing Agency that serves Ocala is the Ocala Housing Authority.
Belleview 3 The HUD funded Public Housing Agency that serves Belleview is the Ocala Housing Authority.
Dunnellon 2 The HUD funded Public Housing Agency that serves Dunnellon is the Ocala Housing Authority.
Silver Springs 1 The HUD funded Public Housing Agency that serves Silver Springs is the Ocala Housing Authority.
McIntosh 0 The HUD funded Public Housing Agency that serves McIntosh is the Ocala Housing Authority.
Reddick 0 The HUD funded Public Housing Agency that serves Reddick is the Ocala Housing Authority.
Silver Springs Shores 0 The HUD funded Public Housing Agency that serves Silver Springs Shores is the Ocala Housing Authority.
The Villages 0 The HUD funded Public Housing Agency that serves The Villages is the Ocala Housing Authority.