There are 192 low-income apartments in St. Cloud that offer reduced rents to eligible households.
Rental assistance programs support 64 low-income homes in St. Cloud where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $399 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 St. Cloud, 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 |
|---|---|
| Osceola County Housing Agency | Section 8 Housing Choice Voucher (HCV) |
St. Cloud, Florida Affordable Housing Data
Income Based Apartments in St. Cloud, Florida
St. Cloud features 64 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 St. Cloud, Florida
There are 192 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St. Cloud.
Housing Choice Vouchers in St. Cloud, Florida
On average, Section 8 Housing Choice vouchers pay St. Cloud landlords $6,200 per month towards rent. The average voucher holder contributes $400 towards rent in St. Cloud.
The maximum amount a voucher would pay on behalf of a low-income tenant in St. Cloud, Florida for a two-bedroom apartment is between $1,671 and $2,043.
2024 St. Cloud, 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 | |
|---|---|---|---|---|---|
| St. Cloud, Florida Fair Market Rent | $1,558 | $1,638 | $1,857 | $2,362 | $2,849 |
| St. Cloud, Florida Payment Standard Range | $1,402 to $1,714 | $1,474 to $1,802 | $1,671 to $2,043 | $2,126 to $2,598 | $2,564 to $3,134 |
Sourced from federal housing data and AffordableHousingOnline.com research.
St. Cloud, FL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 77 |
|---|---|
| Total Low Income Apartments | 330 |
| Total Housing Units with Rental Assistance | 64 |
| Percentage of Housing Units Occupied By Renters | 29.39% |
| Average Renter Household Size | 3.18 |
| Average Household Size | 3.05 |
| Median Household Income | $50,467 ±$3,907 |
| Median Rent | $1,094 ±$59 |
| Percentage Of Renters Overburdened | 45.77% ± 6.54pp |
| Total Population | 41,502 |
Population and Household Demographics
St. Cloud is a city in Osceola County, Florida with a population of 41,502. There are 13,465 households in the city with an average household size of 3.05 persons. 29.39% of households in St. Cloud are renters.
Income and Rent Overburden in St. Cloud
The median gross income for households in St. Cloud is $50,467 a year, or $4,206 a month. The median rent for the city is $1,094 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In St. Cloud, a household making less than $3,647 a month would be considered overburdened when renting an apartment at or above the median rent. 45.77% of households who rent are overburdened in St. Cloud.
Area Median Income In St. Cloud
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 St. Cloud, the AMI is calculated from all households within Osceola County.
In St. Cloud, HUD calculates the Area Median Income for a family of four as $85,700
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 St. Cloud
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 St. Cloud
| 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 St. Cloud AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,450 | $21,100 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the St. Cloud AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,750 | $35,150 | $39,550 | $43,900 | $47,450 | $50,950 | $54,450 | $57,950 |
| 80% AMI Income Limits Renters earning up to 80% of the St. Cloud AMI may qualify for rental assistance programs that target Low Income households. |
$49,150 | $56,200 | $63,200 | $70,200 | $75,850 | $81,450 | $87,050 | $92,700 |
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