Cheap housing in fort lauderdale

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Affordable Housing In Fort Lauderdale
Broward County, Florida

32 Low Income Apartment Communities In Fort Lauderdale

Section 8 Vouchers, Apartments, and Waiting Lists in Fort Lauderdale, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Fort Lauderdale, Florida

Guide To Affordable Housing in Fort Lauderdale, Florida

There are 32 low income housing apartment communities offering 3,478 affordable apartments for rent in Fort Lauderdale, Florida.

Income Based Apartments in Fort Lauderdale, Florida

Fort Lauderdale features 1,605 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 Fort Lauderdale, Florida

There are 1,433 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Lauderdale.

Housing Choice Vouchers in Fort Lauderdale, Florida

On average, Section 8 Housing Choice vouchers pay Fort Lauderdale landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Fort Lauderdale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Lauderdale, Florida for a two-bedroom apartment is between $1,400 and $1,712.

2022 Fort Lauderdale, Florida Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

StudioOne BRTwo BRThree BRFour BR
Fort Lauderdale, Florida Fair Market Rent$1,127$1,240$1,556$2,207$2,663
Fort Lauderdale, Florida Payment Standard Range$1,014 to $1,240$1,116 to $1,364$1,400 to $1,712$1,986 to $2,428$2,397 to $2,929

Sourced from federal housing data and AffordableHousingOnline.com research.

Fort Lauderdale, FL Affordable Housing Snapshot
Total Affordable Apartment Properties32
Total Low Income Apartments3,478
Total Housing Units with Rental Assistance1,605
Percentage of Housing Units Occupied By Renters47.72%
Average Renter Household Size2.29
Average Household Size2.33
Median Household Income$50,778 ±$1,298
Median Rent$1,087 ±$22
Percentage Of Renters Overburdened55.21% ± 2.35pp
Total Population173,570
Population and Household Demographics

Fort Lauderdale is a city in Broward County, Florida with a population of 173,570. There are 73,446 households in the city with an average household size of 2.33 persons. 47.72% of households in Fort Lauderdale are renters.

Income and Rent Overburden in Fort Lauderdale

The median gross income for households in Fort Lauderdale is $50,778 a year, or $4,232 a month. The median rent for the city is $1,087 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Lauderdale, a household making less than $3,623 a month would be considered overburdened when renting an apartment at or above the median rent. 55.21% of households who rent are overburdened in Fort Lauderdale.

Area Median Income In Fort Lauderdale

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 Fort Lauderdale, the AMI is calculated from all households within Broward County.

In Fort Lauderdale, HUD calculates the Area Median Income for a family of four as $73,400

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 Fort Lauderdale

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 HUD Rental Assistance in Fort Lauderdale

1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30% AMI Income Limits
Renters earning up to 30% of the Fort Lauderdale AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,500$21,150$23,800$26,500$31,040$35,580$40,120$44,660
50% AMI Income Limits
Renters earning up to 50% of the Fort Lauderdale AMI may qualify for rental assistance programs that target Very Low Income households.
$30,800$35,200$39,600$44,000$47,550$51,050$54,600$58,100
80% AMI Income Limits
Renters earning up to 80% of the Fort Lauderdale AMI may qualify for rental assistance programs that target Low Income households.
$49,300$56,350$63,400$70,400$76,050$81,700$87,300$92,950
Sours: https://affordablehousingonline.com/housing-search/Florida/Fort-Lauderdale

Fort Lauderdale vacation rentals – from beachfront condos to lavish villas

In this sub-tropical paradise, you’ll be able to choose the ideal match for your taste and wallet. If yours happens to be a Versace wallet, you might lean toward a waterfront villa, where you and your guests can gather on broad verandahs to sip wine and watch the passing parade of luxury yachts. If beachfront fun appeals, condos and beach homes offer an appealing range of sizes and amenities. Whatever your decision, you’ll be glad you chose vacation rental advantages – unique dwellings, privacy, space and gorgeous views.

Lauderdale’s multiple personalities and waterfront appeal

From the beach boogie Spring Vacations of the 60’s to today’s “Venice of America”, Fort Lauderdale has been a magnet for those who seek the action and serenity of a vibrant seaside city. Choose inland waterway cruises to discover magnificent waterfront estates, sure evidence that the rich and famous have long appreciated the appeal of the city. Riverwalk Entertainment Complex vies with Las Olas Boulevard to capture every appetite and interest. A bottle of wine at a boulevard café? Upscale art galleries? Shopping and pastries and trendy bars? You will find it all in this thriving area between the waterway and ocean. Lauderdale’s convenient water taxi will whisk you from one spot to another.

Family fun along Lauderdale Beach

A wavy beach wall sets the beach apart from the shops and clubs along busy A1A highway, so you step into an oasis of silky white sand to look over mile after mile of Atlantic Ocean. It is indeed a beach lover’s paradise for a lazy day under palms or action-packed catamaran sailing, Jet Ski adventure, quiet kayaking or building sandcastles with the kids. A walking/bike path runs the length of the beach, so you can wander along and choose your favorite spot.

Al fresco dining and imaginative shopping

Fresh from the sea fish tops many a menu in waterfront dining establishments, and quaint bistros, ethnic cafes and intimate bars provide a seemingly endless round of choices for the many tastes of Fort Lauderdale. Shopping too is as diverse and unique with splendid galleries, kicky little specialty stores and fabulous fashion boutiques. One very unique place is Mission Gifts, South Florida’s only Fair Trade retailer, where one-of-a-kind crafts and gifts come from around the world. There’s no sales tax at this non-profit shop that promotes a better life for third-world artisans.

Family vacations, guy or gal getaways

Beach rentals are the perfect match for group holidays. Spacious living areas, plenty of sleeping quarters, fully-equipped kitchens and outdoor patios and pool provide a restful retreat following your days and nights of entertainment, shopping and dining.

Sours: https://www.tripadvisor.com/VacationRentals-g34227-Reviews-zfp1-Fort_Lauderdale_Broward_County_Florida-Cheap_Discount_Vacation_Rentals.html
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90 Cheap Apartments for rent in Fort Lauderdale, FL

Finding cheap apartments in Fort Lauderdale takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Fort Lauderdale by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Fort Lauderdale in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Fort Lauderdale.

The building you choose can also make a difference in finding a cheap apartment in Fort Lauderdale. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Fort Lauderdale.

Sours: https://www.apartmentlist.com/fl/fort-lauderdale/c/cheap-apartments
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