Affordable Housing In Tampa
Hillsborough County, Florida

116 Low Income Apartment Communities In Tampa

Village at University Square Apartments

11725 N 17th Street
Tampa, FL
Income Based
2-3 BR
Subsidized

Silver Lake Apartments

3738 W Idlewild Cir
Tampa, FL
Income Based
1-2 BR
HCV Welcome

Belmont Heights Estates

1607 E 26th Ave
Tampa, FL
Call For Rent
1-4 BR
HCV Welcome

Belmont Heights Estates II

3540 N. 20th Street
Tampa, FL
Call For Rent
1-4 BR
HCV Welcome

Belmont Heights Estates III

2419 E. 31St Avenue
Tampa, FL
Call For Rent
1-4 BR

Sweetwater Villas

4152 Sweetwater Ln
Tampa, FL
Call For Rent
2-3 BR
HCV Welcome

Cedar Forest Apartments

12835 Cedar Forest Dr
Tampa, FL
$652-969
1-3 BR
HCV Welcome

Mariposa Apartments

5126 N Habana Ave
Tampa, FL
Call For Rent
1 BR

Oaks at Stone Fountain

13103 Stone Fountain Drive
Tampa, FL
Call For Rent
1-3 BR
HCV Welcome

Waterford at Cypress Lake

4733 Waters Avenue
Tampa, FL
Call For Rent
1-3 BR
HCV Welcome

Housing Authorities that serve Tampa

Housing Authority Programs
Tampa Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Tampa, Florida

According to federal housing data and AffordableHousingOnline.com research, there are 116 low income housing apartment communities offering 15,820 affordable apartments for rent in Tampa, Florida. Tampa features 6,798 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 8,896 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Tampa.

Tampa, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 116
Total Low Income Apartments 15,820
Total Housing Units with Rental Assistance 6,798
Percentage of Housing Units Occupied By Renters 50.95%
Average Renter Household Size 2.29
Average Household Size 2.42
Median Household Income $44,185 ±$1,128
Median Rent $960 ±$10
Percentage Of Renters Overburdened 52.41% ± 1.71pp
Total Population 355,603

Population and Household Demographics

Tampa is a City in Hillsborough County, Florida with a population of 355,603. There are 142,232 households in the city with an average household size of 2.42 persons. 50.95% of households in Tampa are renters.

Income and Rent Overburden in Tampa

The median gross income for households in Tampa is $44,185 a year, or $3,682 a month. The median rent for the city is $960 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tampa, a household making less than $3,200 a month would be considered overburdened when renting an apartment at or above the median rent. 52.41% of households who rent are overburdened in Tampa.1

Area Median Income In Tampa

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Tampa, the AMI is calculated from all households within Hillsborough County.

In Tampa, HUD calculates the Area Median Income for a family of four as $66,900

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 Tampa

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 Tampa HUD Rental Assistance in Tampa

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,050 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,450 $26,800 $30,150 $33,450 $36,150 $38,850 $41,500 $44,200
80% of Median $37,450 $42,800 $48,150 $53,500 $57,800 $62,100 $66,350 $70,650
Low Income Housing Tax Credits in Tampa

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

From 1990 to 2012, 49 low income apartment communities containing 8,841 rental apartments have been constructed and made affordable to low income persons in Tampa 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 Tampa

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,450 $26,800 $30,150 $33,450 $36,150 $38,850 $41,500 $44,200
60% of Median $28,140 $32,160 $36,180 $40,140 $43,380 $46,620 $49,800 $53,040

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 Tampa is $36,180 a year, or $3,015 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,015 by 30% to get a maximum rent of $905 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% $586 $628 $754 $870 $971 $1,071
60% $704 $754 $905 $1,044 $1,166 $1,286
Fair Market Rents in Tampa

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
$935 $981 $1,206 $1,575 $1,925