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

Discover affordable housing in Sarasota where there are 51+ 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.

Bayou Oaks

1160 Four Seasons Circle , Sarasota, Florida 34234

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

J. H. Floyd Sunshine Village

1777 18th St, Sarasota, Florida 34234

bed Studio-1

Meadow Park

1845 18th St, Sarasota, Florida 34234

bed 1

Cypress Square

1672 21st Street, Sarasota, Florida 34234

bed 1-4

Janies Garden

2350 Central Ave, Sarasota, Florida 34234

bed 1-4

Mccown Towers/ Annex

1320 6th Street, Sarasota, Florida 34236

bed 1

Lofts on Lemon

750 Cohen Way, Sarasota, Florida 34236

bed 1-3

Casa Santa Marta II

800 N Lemon Ave, Sarasota, Florida 34236

Casa Santa Marta

1576 8th St, Sarasota, Florida 34236

Beneva Oak Apartments

650 N Beneva Rd, Sarasota, Florida 34232

bed 1-2

Arbor Village

2901 Fruitville Road, Sarasota, Florida 34237

bed 1-2

Amaryllis Park Place

2012 N Orange Ave, Sarasota, Florida 34234

bed 1-2

Orchard Place of Sarasota

1300 N Lockwood Ridge Rd, Sarasota, Florida 34237

University Club

3203 Nature Cir, Sarasota, Florida 34235

bed 1-4
payment $740-1092/mo.

4729 Selma St

4729 Selma St, Sarasota, Florida 34232

bed 3
payment $2275/mo.

3575 Chinaberry Ln

3575 Chinaberry Ln, Sarasota, Florida 34235

bed 3
payment $2405/mo.

7130 Fairway Bend Ln Unit 7130 FAIRWAY BEND LN, #29

7130 Fairway Bend Ln Unit 7130 FAIRWAY BEND LN, #29, Sarasota, Florida 34243

bed 2
payment $1800/mo.

8367 38th St Cir E Unit 305

8367 38th St Cir E Unit 305, Sarasota, Florida 34243

bed 2
payment $1800/mo.

4045 Crockers Lake Blvd # 2212

4045 Crockers Lake Blvd, Sarasota, Florida 34238

bed 3
payment $2150/mo.

4029 Tern St

4029 Tern St, Sarasota, Florida 34232

bed 3
payment $2349/mo.

How To Identify Affordable Housing in Sarasota, Florida

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sarasota, Florida
$22.38 (+186%) more than Florida minimum wage and $27.13 (+374%) more than the Federal minimum wage.
Learn More About Sarasota, Florida Affordable Housing ↓

What HUD offices serve Sarasota, 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, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Family Unification Program (FUP) programs for Sarasota, Florida.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Sarasota, Florida.

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

How many renters live in Sarasota, Florida?

The City of Sarasota has 55,508 people living in 24,882 households.

There are 23,451 renters living in 10,770 renter households in this City. Renters make up 42.25 percent of the population living in Sarasota.

What is the rental market like in Sarasota, Florida?

There are an estimated 31,760 housing units in the Sarasota area. Of these, 11,594 units are rental homes, making up 37 percent of the housing market. For every renter household in Sarasota, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Sarasota?

The rental vacancy rate in Sarasota is 6 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 Sarasota for each bedroom size?

Occupied Rental Units by Size in Sarasota
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
480 2,627 5,438 1,881 289
Occupied Rental Units by Size in Sarasota

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

Among renter households in this market, 53 percent have housing cost burden. Further, 28 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 Sarasota

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,230 to $2,875. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,230
One BR $1,502
Two BR $1,815
Three BR $2,416
Four BR $2,875
2024 Fair Market Rents in Sarasota, Florida

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

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 259 54 percent
One BR 1,560 59 percent
Two BR 2,850 52 percent
Rental Units Below FMR in Sarasota, Florida

How many affordable rental units are in Sarasota?

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

Federal Program Unit Count
Low Income Housing Tax Credit 448
Public Housing 103
Section 8 Project-Based Rental Assistance 348
Section 202 Supportive Housing for the Elderly 95
Section 811 Supportive Housing for Persons with Disabilities 40
Tracked Units by Federal Program in Sarasota, Florida

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

Income Based Apartments in Sarasota, Florida

Sarasota features 1,149 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 Sarasota, Florida

There are 730 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sarasota.

Housing Choice Vouchers in Sarasota, Florida

On average, Section 8 Housing Choice vouchers pay Sarasota landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Sarasota.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sarasota, Florida for a two-bedroom apartment is between $1,634 and $1,997.

Sourced from federal housing data and AffordableHousingOnline.com research.