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

Discover affordable housing in Waldo where there are 1+ 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.

Waldo Villas Ltd

218 N Main Street, Waldo, Florida

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waldo, Florida
$26.46/hour
$14.46 (+120%) more than Florida minimum wage and $19.21 (+265%) more than the Federal minimum wage.
Learn More About Waldo, Florida Affordable Housing ↓

What HUD offices serve Waldo, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Waldo, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH), Mainstream Voucher programs for Waldo, Florida.

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

How many renters live in Waldo, Florida?

The City of Waldo has 1,080 people living in 621 households.

There are 420 renters living in 239 renter households in this City. Renters make up 38.89 percent of the population living in Waldo.

What is the rental market like in Waldo, Florida?

There are an estimated 702 housing units in the Waldo area. Of these, 249 units are rental homes, making up 35 percent of the housing market. For every renter household in Waldo, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Waldo?

The rental vacancy rate in Waldo is 4 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 Waldo for each bedroom size?

Occupied Rental Units by Size in Waldo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 7 196 36 0
Occupied Rental Units by Size in Waldo

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

Among renter households in this market, 51 percent have housing cost burden. Further, 33 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 Waldo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,053 to $1,861. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,053
One BR $1,162
Two BR $1,397
Three BR $1,832
Four BR $1,861
2024 Fair Market Rents in Waldo, Florida

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

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
One BR 7 100 percent
Two BR 137 70 percent
Rental Units Below FMR in Waldo, Florida

How many affordable rental units are in Waldo?

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

Federal Program Unit Count
Public Housing 9
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Waldo, Florida

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

Income Based Apartments in Waldo, Florida

Waldo features 32 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 Waldo, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waldo.

Housing Choice Vouchers in Waldo, Florida

On average, Section 8 Housing Choice vouchers pay Waldo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waldo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waldo, Florida for a two-bedroom apartment is between $1,257 and $1,537.

Sourced from federal housing data and AffordableHousingOnline.com research.