Affordable Housing In Sarasota County
Florida

21 Low Income Apartment Communities In Sarasota County

Willow Creek Apartments

6851 Willow Creek Circle
North Port, FL
$545-645
1-2 BR
HCV Welcome

J. H. Floyd Sunshine Village

1777 18th St
Sarasota, FL
Income Based
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

University Club

3203 Nature Cir
Sarasota, FL
$740-1,092
1-4 BR
HCV Welcome

Victoria Pointe

3950 S Sumter Blvd
North Port, FL
$430-555
1-2 BR

Bayou Oaks

1160 Four Seasons Circle
Sarasota, FL
Call For Rent
1-2 BR
HCV Welcome

Grande Court at North Port

5203 Greenwood Ave
North Port, FL
$735-1,019
1-3 BR
HCV Welcome

Meadow Park

1845 18th St
Sarasota, FL
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Janies Garden - Phase I

2458 Central Ave
Sarasota, FL

Orchard Place of Sarasota

1300 N Lockwood Ridge Rd
Sarasota, FL
Accessible
Disabled Supportive Housing
Subsidized

Beneva Oak Apartments

650 N Beneva Rd
Sarasota, FL
62+
Accessible
Elderly Supportive Housing
Subsidized

Housing Authorities that serve Sarasota County

Housing Authority Programs
Sarasota Housing Authority 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)

Other Housing Authorities located in Sarasota County

Housing Authority Programs
Venice Housing Authority Public Housing
Sarasota Board of CC Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Sarasota County, Florida

There are 21 low income housing apartment communities offering 2,003 affordable apartments for rent in Sarasota County, Florida. Sarasota County features 965 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,038 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Sarasota County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Sarasota County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 2,003
Total Housing Units with Rental Assistance 965
Percentage of Housing Units Occupied By Renters 26.95%
Average Renter Household Size 2.27
Average Household Size 2.21
Median Household Income $51,766 ±$769
Median Rent $1,023 ±$21
Percentage Of Renters Overburdened 49% ± 1.93pp
Total Population 392,038

Population and Household Demographics

Sarasota County is a County in Florida with a population of 392,038. There are 175,185 households in the county with an average household size of 2.21 persons. 26.95% of households in Sarasota County are renters.

Income and Rent Overburden in Sarasota County

The median gross income for households in Sarasota County is $51,766 a year, or $4,314 a month. The median rent for the county is $1,023 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sarasota County, a household making less than $3,410 a month would be considered overburdened when renting an apartment at or above the median rent. 49% of households who rent are overburdened in Sarasota County.1

Area Median Income In Sarasota 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 Sarasota County, HUD calculates the Area Median Income for a family of four as $70,900

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 Sarasota 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 Sarasota County HUD Rental Assistance in Sarasota County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,900 $17,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,850 $28,400 $31,950 $35,450 $38,300 $41,150 $44,000 $46,800
80% of Median $39,700 $45,400 $51,050 $56,700 $61,250 $65,800 $70,350 $74,850
Low Income Housing Tax Credits in Sarasota County

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

From 1998 to 2011, 9 low income apartment communities containing 1,156 rental apartments have been constructed and made affordable to low income persons in Sarasota County by the Low Income Housing Tax Credit Program.

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 Sarasota County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,850 $28,400 $31,950 $35,450 $38,300 $41,150 $44,000 $46,800
60% of Median $29,820 $34,080 $38,340 $42,540 $45,960 $49,380 $52,800 $56,160

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 Sarasota County is $38,340 a year, or $3,195 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,195 by 30% to get a maximum rent of $959 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% $621 $666 $799 $922 $1,029 $1,135
60% $746 $799 $959 $1,106 $1,235 $1,362
Fair Market Rents in Sarasota County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$807 $951 $1,220 $1,629 $1,983

Cities In Sarasota County

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

City Listings Served By
Sarasota 16 The HUD funded Public Housing Agencies that serve Sarasota are the Sarasota Housing Authority and Sarasota Board of CC.
Venice 0 The HUD funded Public Housing Agencies that serve Venice are the Venice Housing Authority and Sarasota Housing Authority.
North Port 4 The HUD funded Public Housing Agency that serves North Port is the Sarasota Housing Authority.
Plantation 1 The HUD funded Public Housing Agency that serves Plantation is the Sarasota Housing Authority.
Bee Ridge 0 The HUD funded Public Housing Agency that serves Bee Ridge is the Sarasota Housing Authority.
Gulf Gate Estates 0 The HUD funded Public Housing Agency that serves Gulf Gate Estates is the Sarasota Housing Authority.
Kensington Park 0 The HUD funded Public Housing Agency that serves Kensington Park is the Sarasota Housing Authority.
Lake Sarasota 0 The HUD funded Public Housing Agency that serves Lake Sarasota is the Sarasota Housing Authority.
Nokomis 0 The HUD funded Public Housing Agency that serves Nokomis is the Sarasota Housing Authority.
North Sarasota 0 The HUD funded Public Housing Agency that serves North Sarasota is the Sarasota Housing Authority.
Osprey 0 The HUD funded Public Housing Agency that serves Osprey is the Sarasota Housing Authority.
Sarasota Springs 0 The HUD funded Public Housing Agency that serves Sarasota Springs is the Sarasota Housing Authority.
Southgate 0 The HUD funded Public Housing Agency that serves Southgate is the Sarasota Housing Authority.
South Sarasota 0 The HUD funded Public Housing Agency that serves South Sarasota is the Sarasota Housing Authority.
Venice Gardens 0 The HUD funded Public Housing Agency that serves Venice Gardens is the Sarasota Housing Authority.
Warm Mineral Springs 0 The HUD funded Public Housing Agency that serves Warm Mineral Springs is the Sarasota Housing Authority.
Desoto Lakes 0 The HUD funded Public Housing Agency that serves Desoto Lakes is the Sarasota Housing Authority.
Fruitville 0 The HUD funded Public Housing Agency that serves Fruitville is the Sarasota Housing Authority.
Laurel 0 The HUD funded Public Housing Agency that serves Laurel is the Sarasota Housing Authority.
Ridge Wood Heights 0 The HUD funded Public Housing Agency that serves Ridge Wood Heights is the Sarasota Housing Authority.
Siesta Key 0 The HUD funded Public Housing Agency that serves Siesta Key is the Sarasota Housing Authority.
South Gate Ridge 0 The HUD funded Public Housing Agency that serves South Gate Ridge is the Sarasota Housing Authority.
South Venice 0 The HUD funded Public Housing Agency that serves South Venice is the Sarasota Housing Authority.
The Meadows 0 The HUD funded Public Housing Agency that serves The Meadows is the Sarasota Housing Authority.
Vamo 0 The HUD funded Public Housing Agency that serves Vamo is the Sarasota Housing Authority.