Low Income Apartments For Rent in North Fort Myers, FL

Rental assistance programs support 291 low-income homes in North Fort Myers where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $325 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 North Fort Myers, 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
Lee County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the City of Fort Myers	Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)

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

North Fort Myers, Florida Affordable Housing Data

Income Based Apartments in North Fort Myers, Florida

North Fort Myers features 291 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 North Fort Myers, Florida

There are 168 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Fort Myers.

Housing Choice Vouchers in North Fort Myers, Florida

On average, Section 8 Housing Choice vouchers pay North Fort Myers landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in North Fort Myers.

The maximum amount a voucher would pay on behalf of a low-income tenant in North Fort Myers, Florida for a two-bedroom apartment is between $1,509 and $1,845.

2024 North Fort Myers, 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
North Fort Myers, Florida Fair Market Rent	$1,329	$1,331	$1,677	$2,198	$2,499
North Fort Myers, Florida Payment Standard Range	$1,196 to $1,462	$1,198 to $1,464	$1,509 to $1,845	$1,978 to $2,418	$2,249 to $2,749

Sourced from federal housing data and AffordableHousingOnline.com research.

North Fort Myers, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 9

Total Low Income Apartments 462

Total Housing Units with Rental Assistance 291

Percentage of Housing Units Occupied By Renters 17.17%

Average Renter Household Size 2.31

Average Household Size 2.12

Median Household Income $38,617 ±$1,713

Median Rent $732 ±$29

Percentage Of Renters Overburdened 47.81% ± 6.29pp

Total Population 40,560

Total Affordable Apartment Properties	9
Total Low Income Apartments	462
Total Housing Units with Rental Assistance	291
Percentage of Housing Units Occupied By Renters	17.17%
Average Renter Household Size	2.31
Average Household Size	2.12
Median Household Income	$38,617 ±$1,713
Median Rent	$732 ±$29
Percentage Of Renters Overburdened	47.81% ± 6.29pp
Total Population	40,560

Population and Household Demographics

North Fort Myers is a city in Lee County, Florida with a population of 40,560. There are 19,044 households in the city with an average household size of 2.12 persons. 17.17% of households in North Fort Myers are renters.

Income and Rent Overburden in North Fort Myers

The median gross income for households in North Fort Myers is $38,617 a year, or $3,218 a month. The median rent for the city is $732 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Fort Myers, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 47.81% of households who rent are overburdened in North Fort Myers.

Area Median Income In North Fort Myers

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 North Fort Myers, the AMI is calculated from all households within Lee County.

In North Fort Myers, HUD calculates the Area Median Income for a family of four as $85,900

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 North Fort Myers

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 North Fort Myers

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the North Fort Myers AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,900	$20,450	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the North Fort Myers AMI may qualify for rental assistance programs that target Very Low Income households.	$29,800	$34,050	$38,300	$42,550	$46,000	$49,400	$52,800	$56,200
80% AMI Income Limits Renters earning up to 80% of the North Fort Myers AMI may qualify for rental assistance programs that target Low Income households.	$47,700	$54,500	$61,300	$68,100	$73,550	$79,000	$84,450	$89,900