Low Income Apartments and Affordable Housing For Rent in Valparaiso, FL

Discover affordable housing in Valparaiso where there are 4+ 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.

Emerald Cove by ARIUM

500 Kelly Mill Rd, Valparaiso, Florida 32580

bed 2
payment $1425/mo.

59 Kelly Way

59 Kelly Way, Valparaiso, Florida 32580

bed 4
payment $2450/mo.

59 Avery Dr

59 Avery Dr, Valparaiso, Florida 32580

bed 4
payment $2495/mo.

Oakview Garden II

500 Kelly Mill Rd, Valparaiso, Florida 32580

How To Identify Affordable Housing in Valparaiso, Florida

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Valparaiso, Florida
$28.90/hour
$16.90 (+141%) more than Florida minimum wage and $21.65 (+299%) more than the Federal minimum wage.
Learn More About Valparaiso, Florida Affordable Housing ↓

How many renters live in Valparaiso, Florida?

The City of Valparaiso has people living in households.

There are renters living in renter households in this City. Renters make up 32.79 percent of the population living in Valparaiso.

What is the rental market like in Valparaiso, Florida?

There are an estimated housing units in the Valparaiso area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Valparaiso, Florida, there are 1.06 rental units.

What is the vacancy rate for rentals in Valparaiso?

The rental vacancy rate in Valparaiso 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 Valparaiso for each bedroom size?

Occupied Rental Units by Size in Valparaiso
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
37 84 280 289 26
Occupied Rental Units by Size in Valparaiso

A large number of apartments in Valparaiso 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 Valparaiso

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,211 to $2,557. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,211
One BR $1,319
Two BR $1,526
Three BR $2,064
Four BR $2,557
2024 Fair Market Rents in Valparaiso, Florida

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

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 0 100 percent
One BR 45 54 percent
Two BR 280 100 percent
Rental Units Below FMR in Valparaiso, Florida

How many affordable rental units are in Valparaiso?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Valparaiso, Florida

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

Income Based Apartments in Valparaiso, Florida

Valparaiso features 0 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 Valparaiso, Florida

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valparaiso.

Housing Choice Vouchers in Valparaiso, Florida

On average, Section 8 Housing Choice vouchers pay Valparaiso landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Valparaiso.

The maximum amount a voucher would pay on behalf of a low-income tenant in Valparaiso, Florida for a two-bedroom apartment is between $1,373 and $1,679.

Sourced from federal housing data and AffordableHousingOnline.com research.

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