Struggling To Find An Affordable Home To Rent In South Florida? Share Your Story
Finding a place to live that you like is hard enough, but when the market is low on options and prices are more than you can afford, it becomes nearly impossible.
The lack of affordable housing isn’t just a problem for low-income families. According to a recent report from the National Low Income Housing Coalition, you’d have to make nearly $25 an hour in Florida to afford a two-bedroom rental home at a fair market rate.
The average renter in South Florida makes roughly $19 an hour. For many, that means working multiple jobs to afford renting a two-bedroom apartment, which could cost you upwards of $2,000 a month depending on where you look.
The high cost of rent is not just an outcome of the COVID-19 pandemic.
New apartment complexes and multi-family units are being built and attracting out-of-towners looking to relocate to South Florida, while the market for affordable housing has gotten even tighter.
Are you trying to buy or rent a home right now? We want to hear about how that’s going and how you’re feeling about it. Share your thoughts with us below: