Affordable Housing In West Palm Beach
Palm Beach County, Florida

42 Low Income Apartment Communities In West Palm Beach

Waverly Apartments

1386 Summit Pines Blvd
West Palm Beach, FL
Call For Rent
1-3 BR
HCV Welcome

Residences at Haverhill

5408 Trevor Cir
West Palm Beach, FL
Call For Rent
1-3 BR
HCV Welcome

Georgian Gardens Apartments

4330 Community Dr
West Palm Beach, FL
Call For Rent
1-2 BR
62+
HCV Welcome

Merry Place Apartments

451 Cheerful St
West Palm Beach, FL
HCV Welcome

St Charles Place Manor

2701 Broadway
West Palm Beach, FL
Accessible
Disabled Supportive Housing
Subsidized

St James Residences

400 S Olive Ave
West Palm Beach, FL
62+
Accessible
Elderly Supportive Housing
Subsidized

Mallards Landing Apartments

1598 Quail Drive
West Palm Beach, FL
HCV Welcome

Palm Grove Apartments

2100 N Australian Avenue
West Palm Beach, FL
Subsidized

Palms West Apartments

1551 Quail Drive
West Palm Beach, FL
HCV Welcome

Wedgewood Apartments

4819 Wedgewood Way
West Palm Beach, FL
Subsidized

Housing Authorities that serve West Palm Beach

Housing Authority Programs
West Palm Beach Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Rental Assistance Demonstration (RAD)
Palm Beach County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency; Section 8 Project-Based Rental Assistance (PBRA); Mainstream Voucher

Guide To Affordable Housing in West Palm Beach, Florida

According to federal housing data and AffordableHousingOnline.com research, there are 42 low income housing apartment communities offering 6,540 affordable apartments for rent in West Palm Beach, Florida. West Palm Beach features 1,682 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 4,858 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in West Palm Beach.

West Palm Beach, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 42
Total Low Income Apartments 6,540
Total Housing Units with Rental Assistance 1,682
Percentage of Housing Units Occupied By Renters 51.18%
Average Renter Household Size 2.51
Average Household Size 2.43
Median Household Income $45,800 ±$1,471
Median Rent $1,063 ±$18
Percentage Of Renters Overburdened 54.28% ± 2.95pp
Total Population 103,588

Population and Household Demographics

West Palm Beach is a City in Palm Beach County, Florida with a population of 103,588. There are 41,474 households in the city with an average household size of 2.43 persons. 51.18% of households in West Palm Beach are renters.

Income and Rent Overburden in West Palm Beach

The median gross income for households in West Palm Beach is $45,800 a year, or $3,817 a month. The median rent for the city is $1,063 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In West Palm Beach, a household making less than $3,543 a month would be considered overburdened when renting an apartment at or above the median rent. 54.28% of households who rent are overburdened in West Palm Beach.1

Area Median Income In West Palm Beach

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 West Palm Beach, the AMI is calculated from all households within Palm Beach County.

In West Palm Beach, HUD calculates the Area Median Income for a family of four as $75,400

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 West Palm Beach

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 West Palm Beach HUD Rental Assistance in West Palm Beach

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,600 $20,100 $22,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
80% of Median $46,850 $53,550 $60,250 $66,900 $72,300 $77,650 $83,000 $88,350
Low Income Housing Tax Credits in West Palm Beach

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

From 1993 to 2012, 20 low income apartment communities containing 4,194 rental apartments have been constructed and made affordable to low income persons in West Palm Beach 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 West Palm Beach

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
60% of Median $35,160 $40,140 $45,180 $50,160 $54,180 $58,200 $62,220 $66,240

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 West Palm Beach is $45,180 a year, or $3,765 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,765 by 30% to get a maximum rent of $1,130 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% $733 $784 $941 $1,087 $1,213 $1,338
60% $879 $941 $1,130 $1,304 $1,455 $1,606
Fair Market Rents in West Palm Beach

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
$1,015 $1,208 $1,506 $2,043 $2,422