Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Cayo Del Mar

5501 3rd Ave, Key West, FL, 33040

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Cayo Del Mar offers 130 low-income units in Key West, serving families with a mix of one, two, and three-bedroom floor plans. The property has been in service since 2005 and is funded through 9% Low-Income Housing Tax Credits. The unit composition includes 8 one-bedroom units, 89 two-bedroom units, and 33 three-bedroom units.

Waitlist Information

Waitlist managed by Housing Authority of the City of Key West

Public Housing Waitlist
Closed
Apply: Multiple

All Public Housing waitlists are currently closed. The waitlist for the Old Town Affordable Housing Geraldine Street Complex, for 1 and 2-bedroom units, opened on March 19, 2026, with HUD income limitations and local/working preferences. Henry V. Haskins Senior Citizen Plaza has 200 units restricted to heads of households 62 and older.

Last verified April 13, 2026
Section 8 (HCV) Waitlist
Closed

The HCV (Section 8) waitlist is currently closed and was last open for one week in April 2015. When open, there is a typical 4-6 year waiting period, and applicants are chosen by lottery.

Last verified February 26, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
130
1 Bedroom
8
2 Bedroom
89
3 Bedroom
33

HUD Inspection Score

92
Excellent
Inspected August 2018

HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.

Fair Market Rent - Monroe County, FL

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,556
1 Bedroom$1,730
2 Bedroom$2,139
3 Bedroom$2,812
4 Bedroom$3,426

Income Limits - Monroe County, FL

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$21,350
Very Low (50%)
$35,600
Low (80%)
$56,950
2 Persons
Extremely Low (30%)
$24,400
Very Low (50%)
$40,700
Low (80%)
$65,100
3 Persons
Extremely Low (30%)
$27,450
Very Low (50%)
$45,800
Low (80%)
$73,250
4 Persons
Extremely Low (30%)
$30,500
Very Low (50%)
$50,850
Low (80%)
$81,350
5 Persons
Extremely Low (30%)
$32,950
Very Low (50%)
$54,950
Low (80%)
$87,900
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$59,000
Low (80%)
$94,400
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$63,100
Low (80%)
$100,900
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$67,150
Low (80%)
$107,400

Tax Credit Program Details

Year Placed in Service
2005
LIHTC Credit Type
9%
Low-Income Units
130 / 130
Target Population
Families

Frequently Asked Questions

What is the average rent for affordable housing in Key West, FL?+

The Fair Market Rent (FMR) for Monroe County, FL is: $1556 (Studio), $1730 (1BR), $2139 (2BR), $2812 (3BR), $3426 (4BR). Actual rent at subsidized properties like Cayo Del Mar is typically 30% of household income or less.

What size apartments are available at Cayo Del Mar?+

Cayo Del Mar offers the following unit types: 8 One-Bedroom, 89 Two-Bedroom, 33 Three-Bedroom units, for a total of 130 units.

Is there a waitlist for Cayo Del Mar?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What is the HUD inspection score for Cayo Del Mar?+

Cayo Del Mar has a HUD inspection score of 92 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.

What are the income limits for affordable housing in Monroe County, FL?+

For a 4-person household in Monroe County, FL, the income limits are: Extremely Low Income (30% AMI): $30,500, Very Low Income (50% AMI): $50,850, Low Income (80% AMI): $81,350. These limits are set by HUD and updated annually.

What is the price range for apartments in Key West, FL?+

Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $1730, 2-bedroom: $2139, 3-bedroom: $2812. Actual rent at Cayo Del Mar may be lower for income-eligible households.

How do I apply for housing at Cayo Del Mar?+

Cayo Del Mar is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who is eligible to live at Cayo Del Mar?+

Cayo Del Mar primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Cayo Del Mar?+

Cayo Del Mar is managed by . You can reach them at . Visit their website for more information.

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Walk Score

Somewhat Walkable

60
Walk
86
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Monroe County, FL

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