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

Discover affordable housing in Palatka where there are 20+ 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.

Forest Glen Apartments

700 Forest Glen Drive, Palatka, Florida 32177

Cherry Tree Apartments

206 Zeagler Drive, Palatka, Florida 32177

Home to College I& II

2305 Husson Ave, Palatka, Florida 32177

St. Johns River Apartments

3421 St. Johns Avenue, Palatka, Florida 32177

Carriage Gate of Palatka

6501 Saint Johns Ave, Palatka, Florida 32177

Mellon Manor Apartments

3701 Saint Johns Ave, Palatka, Florida 32177

Arc of Putnam County Group Home

1015 S 10th St, Palatka, Florida 32177

Woodland Point

6710 Saint Johns Ave, Palatka, Florida 32177

Grand Pines

2501 Prosper St, Palatka, Florida 32177

Holly Ridge

6401 Saint Johns Ave, Palatka, Florida 32177

Kay Larkin Apartments

305 Kay Larkin Dr, Palatka, Florida 32177

Cherry Tree II Apartments

208 Zeagler Dr, Palatka, Florida 32177

Progressive Housing

2201 Husson Ave, Palatka, Florida 32177

Barry Manor

1000 Husson Ave, Palatka, Florida 32177

St. Johns River Apt

3421 St. Johns Ave., Palatka, Florida

Annie M Spell Senior Community

3310 Crill Ave, Palatka, Florida 32177

Rosa Ragsdale

5108 Ragsdale Dr, Palatka, Florida 32177

Scattered Sites

1400 Eagle St, Palatka, Florida 32177

Rosa Ragsdale

2100 Bronson St, Palatka, Florida 32177

Scattered Sites

2600 Campbell St, Palatka, Florida 32177

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Palatka, Florida
$17.25/hour
$5.25 (+44%) more than Florida minimum wage and $10.00 (+138%) more than the Federal minimum wage.
Learn More About Palatka, Florida Affordable Housing ↓

What HUD offices serve Palatka, 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 Palatka, Florida.

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

How many renters live in Palatka, Florida?

The City of Palatka has 10,471 people living in 4,317 households.

There are 4,806 renters living in 2,215 renter households in this City. Renters make up 45.9 percent of the population living in Palatka.

What is the rental market like in Palatka, Florida?

There are an estimated 4,667 housing units in the Palatka area. Of these, 2,328 units are rental homes, making up 50 percent of the housing market. For every renter household in Palatka, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Palatka?

The rental vacancy rate in Palatka is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Palatka
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
167 624 929 447 48
Occupied Rental Units by Size in Palatka

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

Among renter households in this market, 61 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 Palatka

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $689 to $1,213. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $689
One BR $693
Two BR $911
Three BR $1,172
Four BR $1,213
2024 Fair Market Rents in Palatka, Florida

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

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
Studio 117 70 percent
One BR 383 61 percent
Two BR 498 54 percent
Rental Units Below FMR in Palatka, Florida

How many affordable rental units are in Palatka?

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

Federal Program Unit Count
Low Income Housing Tax Credit 494
Public Housing 420
Section 8 Project-Based Rental Assistance 258
USDA Section 515 Rural Rental Housing 219
Tracked Units by Federal Program in Palatka, Florida

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

Income Based Apartments in Palatka, Florida

Palatka features 757 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 Palatka, Florida

There are 414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palatka.

Housing Choice Vouchers in Palatka, Florida

On average, Section 8 Housing Choice vouchers pay Palatka landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Palatka.

The maximum amount a voucher would pay on behalf of a low-income tenant in Palatka, Florida for a two-bedroom apartment is between $820 and $1,002.

Sourced from federal housing data and AffordableHousingOnline.com research.