Low Income Apartments and Affordable Housing For Rent in Island Park, NY

Discover affordable housing in Island Park 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.

Island Park Senior Citizens Housing

347 Long Beach Rd, Island Park, New York 11558

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Island Park, New York
$47.50/hour
$32.50 (+217%) more than New York minimum wage and $40.25 (+555%) more than the Federal minimum wage.
Learn More About Island Park, New York Affordable Housing ↓

What HUD offices serve Island Park, New York?

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), Homeownership Voucher, Section 8 Project-Based Voucher (PBV) programs for Island Park, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Island Park.

How many renters live in Island Park, New York?

The City of Island Park has 4,947 people living in 1,773 households.

There are 2,139 renters living in 839 renter households in this City. Renters make up 43.24 percent of the population living in Island Park.

What is the rental market like in Island Park, New York?

There are an estimated 1,890 housing units in the Island Park area. Of these, 839 units are rental homes, making up 44 percent of the housing market. For every renter household in Island Park, New York, there are 1 rental units.

What is the vacancy rate for rentals in Island Park?

The rental vacancy rate in Island Park is 0 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 Island Park for each bedroom size?

Occupied Rental Units by Size in Island Park
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
54 315 144 223 92
Occupied Rental Units by Size in Island Park

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

Among renter households in this market, 61 percent have housing cost burden. Further, 36 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 Island Park

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,708 to $3,521. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,708
One BR $2,144
Two BR $2,508
Three BR $3,246
Four BR $3,521
2024 Fair Market Rents in Island Park, New York

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

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 16 30 percent
One BR 89 28 percent
Two BR 53 37 percent
Rental Units Below FMR in Island Park, New York

How many affordable rental units are in Island Park?

There are a variety of federal affordable housing programs serving households in Island Park, New York including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 40
Tracked Units by Federal Program in Island Park, New York

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

Income Based Apartments in Island Park, New York

Island Park features 41 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 Island Park, New York

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

Housing Choice Vouchers in Island Park, New York

On average, Section 8 Housing Choice vouchers pay Island Park landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Island Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Island Park, New York for a two-bedroom apartment is between $2,257 and $2,759.

Sourced from federal housing data and AffordableHousingOnline.com research.