Low Income Apartments and Affordable Housing For Rent in Bay County, FL

Discover affordable housing in Bay County where there are 25+ 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.

Pinnacle at Hammock Crossings

2206 Hammock Square Dr, Lynn Haven, Florida 32444

Magnolia Pointe Apartments

2437 East 11th Street, Panama City, Florida 32401

Pana Villa Redevelopment

1802 Flower Avenue, Panama City, Florida 32405

Royal Arms Apartments

1420 Balboa Avenue, Panama City, Florida 32401

Edgewood Garden Apartments

3325 W 23rd St, Panama City, Florida 32405

Foxwood Apartments

1701 Hamilton Avenue, Panama City, Florida 32405

Sand Dunes Apartments

8011 Front Beach Rd, Panama City Beach, Florida 32407

Pinnacle at Hammock Place

2909 Minnesota Ave, Lynn Haven, Florida 32444

Gatewood

7100 Noel Rd, Panama City, Florida 32404

Macedonia Gardens

1722 W 17th St, Panama City, Florida 32405

St Andrews Towers

24 Harrison Avenue, Panama City, Florida 32401

Pinnacle at Hammock Springs

2206 Hammock Square, Lynn Haven, Florida 32444

Andrews Place II

1914 Frankford Ave, Panama City, Florida 32405

Panama Commons

1001 Sherman Ave, Panama City, Florida 32401

Reserve at Northshore

2101 W Highway 390, Lynn Haven, Florida 32444

Pinehurst Garden Apartments

201 E 25th St, Lynn Haven, Florida 32444

Stone Harbor II

501 Alf Coleman Rd, Panama City Beach, Florida 32407

Stone Harbor

1 Hunt Club Cir, Panama City Beach, Florida 32407

Siena Gardens

901 W 19th St, Panama City, Florida 32405

Scattered Sites

2051 Lisenby Ave, Panama City, Florida 32401

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bay County, Florida
$28.84/hour
$16.84 (+140%) more than Florida minimum wage and $21.59 (+298%) more than the Federal minimum wage.
Learn More About Bay County, Florida Affordable Housing ↓

How many renters live in Bay County, Florida?

The County of Bay County has 185,134 people living in 79,044 households.

There are 56,145 renters living in 26,701 renter households in this County. Renters make up 30.33 percent of the population living in Bay County.

What is the rental market like in Bay County, Florida?

There are an estimated 108,667 housing units in the Bay County area. Of these, 32,719 units are rental homes, making up 30 percent of the housing market. For every renter household in Bay County, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Bay County?

The rental vacancy rate in Bay County is 17 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 Bay County for each bedroom size?

Occupied Rental Units by Size in Bay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
895 3,718 10,394 7,017 1,242
Occupied Rental Units by Size in Bay County

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

Among renter households in this market, 58 percent have housing cost burden. Further, 22 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 Bay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,269 to $2,585. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,269
One BR $1,297
Two BR $1,523
Three BR $2,065
Four BR $2,585
2024 Fair Market Rents in Bay County, Florida

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

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 605 68 percent
One BR 2,464 66 percent
Two BR 7,066 68 percent
Rental Units Below FMR in Bay County, Florida

How many affordable rental units are in Bay County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,578
Public Housing 302
Section 8 Project-Based Rental Assistance 766
Section 202 Supportive Housing for the Elderly 3
Section 811 Supportive Housing for Persons with Disabilities 50
USDA Section 515 Rural Rental Housing 37
Tracked Units by Federal Program in Bay County, Florida

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

Income Based Apartments in Bay County, Florida

Bay County features 1,451 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 Bay County, Florida

There are 1,414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bay County.

Housing Choice Vouchers in Bay County, Florida

On average, Section 8 Housing Choice vouchers pay Bay County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bay County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bay County, Florida for a two-bedroom apartment is between $1,371 and $1,675.

Sourced from federal housing data and AffordableHousingOnline.com research.