Cheap Apartments In Ocala
Marion County, Florida

Low Income Apartments In Ocala

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

Spring Manor Apartments

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

Laurel Park II

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

Harveys Fellowship Homes

1415 NW 5th St
Ocala, FL
Subsidized

Sutton Place Apartments.

523 NE 23rd Cir
Ocala, FL
Subsidized

Trinity Villas I

3728 NE 8th Pl
Ocala, FL
62+
Accessible
Elderly Supportive Housing
Subsidized

Ocala Place

2135 NW 1st Ave
Ocala, FL
Subsidized

Hickory Knoll Apartments

507 NE 22nd Avenue
Ocala, FL
Subsidized

Parkside Garden Apartments

621 NW 2nd St
Ocala, FL
Subsidized

There are 18 low income housing apartment complexes which contain 2,066 affordable apartments for rent in Ocala, Florida. Many of these rental apartments are income based housing with about 1,150 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 620 Project-Based Section 8 subsidized apartments in Ocala. There are 1,240 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 Ocala

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 Ocala, Florida

Ocala, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 2,066
Total Rent Assisted Apartments 1,150
Percentage of Housing Units Occupied By Renters 48.99%
Average Renter Household Size 2.31
Total Population 57,209
Housing Units 21,664
Average Household Size 2.50
Median Household Income $35,924 ±$1,709
Median Rent $793 ±$13
Percentage Of Renters Overburdened 54.88% ± 4.74pp

Population and Household Demographics

Ocala is a City in Marion County, Florida with a population of 57,209. There are 21,664 households in the city with an average household size of 2.50 persons. 48.99% of households in Ocala are renters.

Income and Rent Overburden in Ocala

The median gross income for households in Ocala is $35,924 a year, or $2,994 a month. The median rent for the city is $793 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ocala, a household making less than $2,643 a month would be considered overburdened when renting an apartment at or above the median rent. 54.88% of households who rent are overburdened in Ocala.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 4.74 percentage points.

Area Median Income In Ocala

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 Ocala, the AMI is calculated from all households within Marion County.

In Ocala, 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 Ocala

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 Ocala HUD Rental Assistance in Ocala

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 Ocala

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

From 1996 to 2011, 10 low income apartment communities containing 1,448 rental apartments have been constructed and made affordable to low income persons in Ocala by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Ocala 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 Ocala

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 Ocala 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 Ocala

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