Low Income Apartments and Affordable Housing For Rent in Tarpon Springs, FL

Discover affordable housing in Tarpon Springs where there are 7+ 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.

Riverside

1556 Starlight Cv, Tarpon Springs, Florida 34689

Sandpiper Village

300 S Walton Ave, Tarpon Springs, Florida 34689

The Villages at Tarpon

500 S Walton Ave, Tarpon Springs, Florida 34689

EAGLE RIDGE APARTMENTS

721 MANGO CIR, Tarpon Springs, Florida 34689

Savannah Cove

1124 Lauren Ln, Tarpon Springs, Florida 34689

Oak Ridge Estates

351 S Grosse Ave, Tarpon Springs, Florida 34689

Ring and Scattered Sites

735 Mango Cir, Tarpon Springs, Florida 34689

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tarpon Springs, Florida
$35.06/hour
$23.06 (+192%) more than Florida minimum wage and $27.81 (+384%) more than the Federal minimum wage.
Learn More About Tarpon Springs, Florida Affordable Housing ↓

What HUD offices serve Tarpon Springs, 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 Public Housing programs for Tarpon Springs, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Tarpon Springs, Florida.

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

How many renters live in Tarpon Springs, Florida?

The City of Tarpon Springs has 25,355 people living in 11,300 households.

There are 4,405 renters living in 2,364 renter households in this City. Renters make up 17.37 percent of the population living in Tarpon Springs.

What is the rental market like in Tarpon Springs, Florida?

There are an estimated 13,049 housing units in the Tarpon Springs area. Of these, 2,538 units are rental homes, making up 19 percent of the housing market. For every renter household in Tarpon Springs, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Tarpon Springs?

The rental vacancy rate in Tarpon Springs is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Tarpon Springs for each bedroom size?

Occupied Rental Units by Size in Tarpon Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
179 758 938 357 59
Occupied Rental Units by Size in Tarpon Springs

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

Among renter households in this market, 49 percent have housing cost burden. Further, 29 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 Tarpon Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,449 to $2,888. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,449
One BR $1,562
Two BR $1,851
Three BR $2,367
Four BR $2,888
2024 Fair Market Rents in Tarpon Springs, Florida

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

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 177 99 percent
One BR 758 100 percent
Two BR 754 80 percent
Rental Units Below FMR in Tarpon Springs, Florida

How many affordable rental units are in Tarpon Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 601
Public Housing 77
Section 8 Project-Based Rental Assistance 230
Tracked Units by Federal Program in Tarpon Springs, Florida

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

Income Based Apartments in Tarpon Springs, Florida

Tarpon Springs features 319 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 Tarpon Springs, Florida

There are 464 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tarpon Springs.

Housing Choice Vouchers in Tarpon Springs, Florida

On average, Section 8 Housing Choice vouchers pay Tarpon Springs landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Tarpon Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tarpon Springs, Florida for a two-bedroom apartment is between $1,666 and $2,036.

Sourced from federal housing data and AffordableHousingOnline.com research.