; Low Income Apartments For Rent in Beverly Hills, FL

4801 N Forest Ridge Blvd

4801 N Forest Ridge Blvd
Beverly Hills, Florida
$1,849
4 BR

Marina Del Ray

265 Fathom Loop
Beverly Hills, Florida
Rent Assisted
LIHTC
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There are 100 low-income apartments in Beverly Hills that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Beverly Hills where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $351 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Beverly Hills, 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.

Housing Authority Programs
Citrus County Housing Services Division Section 8 Housing Choice Voucher (HCV)
Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Beverly Hills.

Beverly Hills, Florida Affordable Housing Data

Income Based Apartments in Beverly Hills, Florida

Beverly Hills 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 Beverly Hills, Florida

There are 100 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beverly Hills.

Housing Choice Vouchers in Beverly Hills, Florida

On average, Section 8 Housing Choice vouchers pay Beverly Hills landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Beverly Hills.

The maximum amount a voucher would pay on behalf of a low-income tenant in Beverly Hills, Florida for a two-bedroom apartment is between $1,004 and $1,228.

2024 Beverly Hills, 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.

Studio One BR Two BR Three BR Four BR
Beverly Hills, Florida Fair Market Rent $848 $853 $1,116 $1,554 $1,894
Beverly Hills, Florida Payment Standard Range $763 to $933 $768 to $938 $1,004 to $1,228 $1,399 to $1,709 $1,705 to $2,083

Sourced from federal housing data and AffordableHousingOnline.com research.

Beverly Hills, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 101
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 36.71%
Average Renter Household Size 2.66
Average Household Size 2.14
Median Household Income $27,526 ±$3,320
Median Rent $784 ±$41
Percentage Of Renters Overburdened 57.29% ± 10.21pp
Total Population 8,593

Population and Household Demographics

Beverly Hills is a city in Citrus County, Florida with a population of 8,593. There are 3,999 households in the city with an average household size of 2.14 persons. 36.71% of households in Beverly Hills are renters.

Income and Rent Overburden in Beverly Hills

The median gross income for households in Beverly Hills is $27,526 a year, or $2,294 a month. The median rent for the city is $784 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Beverly Hills, a household making less than $2,613 a month would be considered overburdened when renting an apartment at or above the median rent. 57.29% of households who rent are overburdened in Beverly Hills.

Area Median Income In Beverly Hills

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 Beverly Hills, the AMI is calculated from all households within Citrus County.

In Beverly Hills, HUD calculates the Area Median Income for a family of four as $70,500

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 Beverly Hills

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 Beverly Hills

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30% AMI Income Limits
Renters earning up to 30% of the Beverly Hills AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $38,000 $40,650 $43,250
50% AMI Income Limits
Renters earning up to 50% of the Beverly Hills AMI may qualify for rental assistance programs that target Very Low Income households.
$22,950 $26,200 $29,500 $32,750 $35,400 $38,000 $40,650 $43,250
80% AMI Income Limits
Renters earning up to 80% of the Beverly Hills AMI may qualify for rental assistance programs that target Low Income households.
$36,700 $41,950 $47,200 $52,400 $56,600 $60,800 $65,000 $69,200