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

Discover affordable housing in Martin County where there are 17+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Martin County, Florida
$29.79/hour
$17.79 (+148%) more than Florida minimum wage and $22.54 (+311%) more than the Federal minimum wage.
Learn More About Martin County, Florida Affordable Housing ↓

How many renters live in Martin County, Florida?

The County of Martin County has 162,006 people living in 66,871 households.

There are 33,016 renters living in 12,392 renter households in this County. Renters make up 20.38 percent of the population living in Martin County.

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

There are an estimated 82,922 housing units in the Martin County area. Of these, 13,570 units are rental homes, making up 16 percent of the housing market. For every renter household in Martin County, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Martin County?

The rental vacancy rate in Martin County is 6 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 Martin County for each bedroom size?

Occupied Rental Units by Size in Martin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
595 2,622 6,121 3,050 594
Occupied Rental Units by Size in Martin County

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

Among renter households in this market, 51 percent have housing cost burden. Further, 29 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 Martin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,278 to $2,433. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,278
One BR $1,286
Two BR $1,573
Three BR $2,175
Four BR $2,433
2024 Fair Market Rents in Martin County, Florida

How many units are rented at Fair Market Rent (FMR) in Martin 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 282 47 percent
One BR 1,629 62 percent
Two BR 3,113 51 percent
Rental Units Below FMR in Martin County, Florida

How many affordable rental units are in Martin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 809
Public Housing 70
Section 202 Supportive Housing for the Elderly 99
Section 811 Supportive Housing for Persons with Disabilities 24
USDA Section 515 Rural Rental Housing 170
USDA Section 514 Farm Labor Housing 117
Tracked Units by Federal Program in Martin County, Florida

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

Income Based Apartments in Martin County, Florida

Martin County features 481 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 Martin County, Florida

There are 989 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin County.

Housing Choice Vouchers in Martin County, Florida

On average, Section 8 Housing Choice vouchers pay Martin County landlords $1,700 per month towards rent. The average voucher holder contributes $400 towards rent in Martin County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Martin County, Florida for a two-bedroom apartment is between $1,416 and $1,730.

Sourced from federal housing data and AffordableHousingOnline.com research.