Affordable Housing In Miami
Miami Dade County, Florida

213 Low Income Apartment Communities In Miami

Tequesta Knoll Apartments

1629 NW 14th St
Miami, FL
HCV Welcome

Town Park Village I

1680 NW 4th Ave
Miami, FL
Subsidized

Villa La Pinta Apartments

501 SW 6th Ct
Miami, FL
Subsidized

Teresa Court

929 SW 5th St
Miami, FL
Subsidized

Villa Sara

435 SW 6th St
Miami, FL
Subsidized

Villa Marivi

107 NW 8th Ave
Miami, FL
Subsidized

Villa Lisa

330 SW 5th Ave
Miami, FL
Subsidized

Villa Pina

619 SW 2nd St
Miami, FL
Subsidized

Palermo Lakes Apartments

5311 NW 7th St
Miami, FL
62+
Accessible
Elderly Supportive Housing
Subsidized

Villa Obdulia

618 SW 2nd St
Miami, FL
Subsidized

Housing Authorities that serve Miami

Housing Authority Programs
Miami-Dade Public Housing and Community Development Section 8 Housing Choice Voucher (HCV); Public Housing
Miami Hsg Conservation Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Miami

Housing Authority Programs
Carrfour Supportive Housing Inc. Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Miami, Florida

There are 213 low income housing apartment communities offering 27,050 affordable apartments for rent in Miami, Florida. Miami features 12,144 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 14,710 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Miami.

Sourced from federal housing data and AffordableHousingOnline.com research.

Miami, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 213
Total Low Income Apartments 27,050
Total Housing Units with Rental Assistance 12,144
Percentage of Housing Units Occupied By Renters 69.03%
Average Renter Household Size 2.54
Average Household Size 2.63
Median Household Income $31,051 ±$635
Median Rent $971 ±$11
Percentage Of Renters Overburdened 62.82% ± 1.47pp
Total Population 424,632

Population and Household Demographics

Miami is a City in Miami Dade County, Florida with a population of 424,632. There are 157,347 households in the city with an average household size of 2.63 persons. 69.03% of households in Miami are renters.

Income and Rent Overburden in Miami

The median gross income for households in Miami is $31,051 a year, or $2,588 a month. The median rent for the city is $971 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Miami, a household making less than $3,237 a month would be considered overburdened when renting an apartment at or above the median rent. 62.82% of households who rent are overburdened in Miami.1

Area Median Income In Miami

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Miami, the AMI is calculated from all households within Miami Dade County.

In Miami, HUD calculates the Area Median Income for a family of four as $54,900

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 Miami

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 Miami HUD Rental Assistance in Miami

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,800 $20,350 $22,900 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,650 $33,900 $38,150 $42,350 $45,750 $49,150 $52,550 $55,950
80% of Median $47,450 $54,200 $61,000 $67,750 $73,200 $78,600 $84,050 $89,450
Low Income Housing Tax Credits in Miami

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

From 1990 to 2012, 75 low income apartment communities containing 12,675 rental apartments have been constructed and made affordable to low income persons in Miami by the Low Income Housing Tax Credit Program.

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 Miami

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,650 $33,900 $38,150 $42,350 $45,750 $49,150 $52,550 $55,950
60% of Median $35,580 $40,680 $45,780 $50,820 $54,900 $58,980 $63,060 $67,140

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 Miami is $45,780 a year, or $3,815 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,815 by 30% to get a maximum rent of $1,145 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% $741 $794 $954 $1,101 $1,229 $1,356
60% $890 $953 $1,145 $1,322 $1,475 $1,628
Fair Market Rents in Miami

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,084 $1,285 $1,625 $2,164 $2,621