Monroe County a county in Florida

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About Affordable Housing In Monroe County

There are 18 low income housing apartment complexes which contain 1,448 subsidized apartments for rent in Monroe County, Florida. Many of these rental apartments are income based housing with about 149 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 130 Project-Based Section 8 subsidized apartments in Monroe County. There are 725 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Fair Market Rents are used to establish the payment standards for the Section 8 Housing Choice Voucher Program. In Monroe County, the fair market rents range from $1,067 to $2,370. To learn more about rents for low income apartments in Monroe County read the Fair Market Rents section of the Understanding Affordable Housing in Monroe County guide.

To qualify for low income housing in Monroe County a family of four would generally have to earn less than $42,950. For more detailed income qualification information for affordable apartments in Monroe County read the Income section of the Understanding Affordable Housing in Monroe County guide.

The HUD funded Public Housing Agency that serves Monroe County is the Monroe County Housing Authority.

  • The Monroe County Housing Authority Public Housing Waiting List is Open Now.

The Monroe County Housing Authority offers 1 Public Housing complexes containing 50 HUD apartments. The rent at these subsidized apartments are always income based. To find a public housing unit, look for the tag in the apartment list below.

Affordable Apartments in Monroe County

1515 Bertha St
Martys Place is a 3 unit low income housing apartment community in Key West.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 811 Supportive Housing for Persons with Disabilities Project Based Rental Assistance Accessible Units Persons With Disabilities
240 Sombrero Beach Rd
Eastwind Apartments is a 130 unit low income housing apartment community in Marathon.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
5501 3rd Ave
Cayo Del Mar is a 130 unit low income housing apartment community in Key West.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Key West.
Low Income Housing Tax Credit
1215 Catherine St
Harvey House is a 11 unit low income housing apartment community in Key West.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 811 Supportive Housing for Persons with Disabilities Project Based Rental Assistance Accessible Units Persons With Disabilities
1213 William St
Mccarthy Rogers Residence is a 5 unit low income housing apartment community in Key West.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 811 Supportive Housing for Persons with Disabilities Project Based Rental Assistance Accessible Units Persons With Disabilities

Housing Authorities that serve Monroe County

Understanding Affordable Housing in Monroe County, Florida

Monroe County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 1,448
Total Rent Assisted Apartments 149
Percentage of Housing Units Occupied By Renters 43.3%
Average Renter Household Size 2.15
Total Population 73,090
Housing Units 32,629
Average Household Size 2.14
Median Household Income $55,449 ±$2,024
Median Rent $1,400 ±$43
Percentage Of Renters Overburdened 60.82% ± 3.59pp

Population and Household Demographics

Monroe County is a County in Florida with a population of 73,090. There are 32,629 households in the county with an average household size of 2.14 persons. 43.3% of households in Monroe County are renters.

Income and Rent Overburden in Monroe County

The median gross income for households in Monroe County is $55,449 a year, or $4,621 a month. The median rent for the county is $1,400 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monroe County, a household making less than $4,667 a month would be considered overburdened when renting an apartment at or above the median rent. 60.82% of households who rent are overburdened in Monroe County.1

Data derived from 2010 Census and 2014 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 3.59 percentage points.

Fair Market Rents in Monroe 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.

2017 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,067 $1,266 $1,682 $2,110 $2,370
Area Median Income In Monroe 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 Monroe County, HUD calculates the Area Median Income for a family of four as $72,500.

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.

Low Income Housing Tax Credits in Monroe County

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

From 1993 to 2011, 10 low income apartment communities containing 625 rental apartments have been constructed and made affordable to low income persons in Monroe County by the Low Income Housing Tax Credit Program.

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

Low Income Housing Tax Credit Income Limits

For affordable apartment communities in Monroe County that received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the community.

If your income does not exceed 60% of the Area Median Income (AMI), you may qualify to rent a unit that is subject to the rent limits established by the Low Income Housing Tax Credit program.

% of AMI 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
50% $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700
60% $36,120 $41,280 $46,440 $51,540 $55,680 $59,820 $63,960 $68,040
Low Income Housing Tax Credit Rent Limits

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.

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 Monroe County is $46,440 a year, or $3,870 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,870 by 30% to get a maximum rent of $1,161 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% $753 $806 $968 $1,117 $1,246 $1,375
60% $903 $968 $1,161 $1,340 $1,496 $1,650
Rental Assistance in Monroe 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.

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.

HUD Rental Assistance Income Limits

To qualify for most rental assistance programs a renter must earn no more than 50% of the Area Median Income (AMI). In some cases, rental assistance is reserved for renters earning 30% or less of the AMI. In Monroe County, to qualify for Section 8 assistance, a renter household containing four persons must earn $42,950 or less. For some targeted rental assistance programs, a renter household of four can’t earn more than $25,750.

It’s important to remember that in many rental assistance programs there are minimum rent regulations requiring assistance recipients to make a minimum payment of between $25 and $50 per month no matter how low their income.

% of AMI 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
30% $18,050 $20,600 $23,200 $25,750 $28,440 $32,580 $36,730 $40,890
50% $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700
80% $48,100 $55,000 $61,850 $68,700 $74,200 $79,700 $85,200 $90,700

Cities In Monroe County

Select A City To View its Listings and Waiting Lists. Use the Search bar to filter.

City Listings Served By
Big Coppitt Key 0
Big Pine Key 1 The HUD funded Public Housing Agency that serves Big Pine Key is the Monroe County Housing Authority.
Cudjoe Key 0
Duck Key 0
Key Colony Beach 0
Key Largo 2 The HUD funded Public Housing Agency that serves Key Largo is the Monroe County Housing Authority.
Key West 12 The HUD funded Public Housing Agencies that serve Key West are the Housing Authority of Key West and Monroe County Housing Authority.
Layton 0
Marathon 2 The HUD funded Public Housing Agency that serves Marathon is the Monroe County Housing Authority.
North Key Largo 0
Stock Island 0
Tavernier 1