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.
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 people living in households.
There are renters living in 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 housing units in the Sarasota area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sarasota, Florida, there are 1.08 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 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 | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities |
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.
