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Affordable Housing In Monroe County
Florida

19 Low Income Apartment Communities In Monroe County

Atlantic Pines Apartments

400 County Rd, suite 5
Big Pine Key, Florida
Call For Rent
2 BR

Mariners Cove Apartments

3330 Northside Dr
Key West, Florida
$1,435-2,235
1-3 BR

Marty's Place

1515 Bertha Street
Key West, Florida

Martys Place

1515 Bertha St
Key West, Florida
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Cayo Del Mar

5501 3rd Ave
Key West, Florida
Subsidized

Harvey House

1215 Catherine St
Key West, Florida
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Mccarthy Rogers Residence

1213 William St
Key West, Florida
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Eastwind Apartments

240 Sombrero Beach Rd
Marathon, Florida
Subsidized

Key Largo

78 Harry Davis Cir
Key Largo, Florida

Sea Grape II

7159 Overseas Hwy
Marathon, Florida

Housing Authorities that serve Monroe County

Housing Authority Programs
Monroe County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Monroe County, Florida

There are 19 low income housing apartment communities offering 1,454 affordable apartments for rent in Monroe County, Florida.

Income Based Apartments in Monroe County, Florida

Monroe County features 919 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 Monroe County, Florida

There are 535 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.

Housing Choice Vouchers in Monroe County, Florida

On average, Section 8 Housing Choice vouchers pay Monroe County landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Monroe County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monroe County, Florida for a two-bedroom apartment is between $1,570 and $1,918.

2021 Monroe County, Florida Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $1,301 $1,344 $1,744 $2,257 $2,996
Payment Standard Range $1,171 to $1,431 $1,210 to $1,478 $1,570 to $1,918 $2,031 to $2,483 $2,696 to $3,296

Sourced from federal housing data and AffordableHousingOnline.com research.

Monroe County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 1,454
Total Housing Units with Rental Assistance 919
Percentage of Housing Units Occupied By Renters 38.86%
Average Renter Household Size 2.71
Average Household Size 2.55
Median Household Income $57,290 ±$1,946
Median Rent $1,385 ±$42
Percentage Of Renters Overburdened 57.71% ± 3.47pp
Total Population 75,901

Population and Household Demographics

Monroe County is a county in Florida with a population of 75,901. There are 28,910 households in the county with an average household size of 2.55 persons. 38.86% of households in Monroe County are renters.

Income and Rent Overburden in Monroe County

The median gross income for households in Monroe County is $57,290 a year, or $4,774 a month. The median rent for the county is $1,385 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 $4,617 a month would be considered overburdened when renting an apartment at or above the median rent. 57.71% of households who rent are overburdened in Monroe County.

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 $81,400

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 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.

Income Qualifications for HUD Rental Assistance in Monroe County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,150 $24,200 $27,200 $30,200 $32,650 $35,160 $39,640 $44,120
50% of Median $35,250 $40,300 $45,350 $50,350 $54,400 $58,450 $62,450 $66,500
80% of Median $56,400 $64,450 $72,500 $80,550 $87,000 $93,450 $99,900 $106,350

Cities In Monroe County

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

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