Low Income Apartments and Affordable Housing For Rent in Oviedo, FL

Discover affordable housing in Oviedo where there are 6+ 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.

Oviedo Town Centre IV

450 Fontana Cir, Oviedo, Florida 32765

Covington Club

134 Callan Way, Oviedo, Florida 32765

Mystic Cove

2780 Mystic Lake Dr, Oviedo, Florida 32765

Loma Vista

5200 Loma Vista Cir, Oviedo, Florida 32765

Academy Place Villas

251 Academy Ave, Oviedo, Florida 32765

Barrington Place Apartments

2734 Chaddsford Cir, Oviedo, Florida 32765

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oviedo, Florida
$35.17/hour
$23.17 (+193%) more than Florida minimum wage and $27.92 (+385%) more than the Federal minimum wage.
Learn More About Oviedo, Florida Affordable Housing ↓

What HUD offices serve Oviedo, Florida?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Oviedo, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Oviedo.

How many renters live in Oviedo, Florida?

The City of Oviedo has 39,552 people living in 12,925 households.

There are 7,817 renters living in 2,711 renter households in this City. Renters make up 19.76 percent of the population living in Oviedo.

What is the rental market like in Oviedo, Florida?

There are an estimated 13,532 housing units in the Oviedo area. Of these, 2,927 units are rental homes, making up 22 percent of the housing market. For every renter household in Oviedo, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Oviedo?

The rental vacancy rate in Oviedo is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Oviedo for each bedroom size?

Occupied Rental Units by Size in Oviedo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 260 860 940 428
Occupied Rental Units by Size in Oviedo

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

Among renter households in this market, 46 percent have housing cost burden. Further, 20 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 Oviedo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,558 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,558
One BR $1,638
Two BR $1,857
Three BR $2,362
Four BR $2,849
2024 Fair Market Rents in Oviedo, Florida

How many units are rented at Fair Market Rent (FMR) in Oviedo?

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
One BR 100 38 percent
Two BR 151 18 percent
Rental Units Below FMR in Oviedo, Florida

How many affordable rental units are in Oviedo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 312
Public Housing 30
Tracked Units by Federal Program in Oviedo, Florida

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

Income Based Apartments in Oviedo, Florida

Oviedo features 30 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 Oviedo, Florida

There are 997 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oviedo.

Housing Choice Vouchers in Oviedo, Florida

On average, Section 8 Housing Choice vouchers pay Oviedo landlords $1,300 per month towards rent. The average voucher holder contributes $600 towards rent in Oviedo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oviedo, Florida for a two-bedroom apartment is between $1,671 and $2,043.

Sourced from federal housing data and AffordableHousingOnline.com research.