About This Property
Lakewood Terrace comprises 132 low-income residential units in Lakeland, Florida, serving families with a mix of one-, two-, three-, and four-bedroom floor plans. The property has been in service since 2009 and offers 16 one-bedroom units, 40 two-bedroom units, 60 three-bedroom units, and 16 four-bedroom units. Financing for the development includes tax-exempt bonds.
Waitlist Information
Waitlist managed by Housing Authority of the City of Lakeland
Accepting applications for Public Housing Micro-Cottages at Williamstown. Must be at least 62 years old. Property has 1 and 2 bedrooms.
The waitlist to receive Housing Choice Voucher (Section 8) is closed and will NOT be accepting applications until further notice.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Polk County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,006 |
| 1 Bedroom | $1,012 |
| 2 Bedroom | $1,250 |
| 3 Bedroom | $1,679 |
| 4 Bedroom | $2,121 |
Income Limits - Polk County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,950
- Very Low (50%)
- $21,600
- Low (80%)
- $34,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,850
- Low (80%)
- $49,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,350
- Low (80%)
- $53,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,800
- Low (80%)
- $57,250
- Extremely Low (30%)
- $38,300
- Very Low (50%)
- $38,300
- Low (80%)
- $61,200
- Extremely Low (30%)
- $40,750
- Very Low (50%)
- $40,750
- Low (80%)
- $65,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,950 | $21,600 | $34,550 |
| 2 Persons | $17,420 | $24,700 | $39,500 |
| 3 Persons | $21,960 | $27,800 | $44,450 |
| 4 Persons | $26,500 | $30,850 | $49,350 |
| 5 Persons | $31,040 | $33,350 | $53,300 |
| 6 Persons | $35,580 | $35,800 | $57,250 |
| 7 Persons | $38,300 | $38,300 | $61,200 |
| 8 Persons | $40,750 | $40,750 | $65,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lakeland, FL?+
The Fair Market Rent (FMR) for Polk County, FL is: $1006 (Studio), $1012 (1BR), $1250 (2BR), $1679 (3BR), $2121 (4BR). Actual rent at subsidized properties like Lakewood Terrace is typically 30% of household income or less.
What size apartments are available at Lakewood Terrace?+
Lakewood Terrace offers the following unit types: 16 One-Bedroom, 40 Two-Bedroom, 60 Three-Bedroom, 16 Four-Bedroom units, for a total of 132 units.
Who is eligible to live at Lakewood Terrace?+
Lakewood Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lakewood Terrace?+
Lakewood Terrace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lakeland, FL?+
Based on Fair Market Rent for Polk County, the estimated price range is: 1-bedroom: $1012, 2-bedroom: $1250, 3-bedroom: $1679. Actual rent at Lakewood Terrace may be lower for income-eligible households.
How do I apply for housing at Lakewood Terrace?+
Lakewood Terrace 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.
Is there a waitlist for Lakewood Terrace?+
Public Housing waitlist is currently Open. 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 are the income limits for affordable housing in Polk County, FL?+
For a 4-person household in Polk County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,850, Low Income (80% AMI): $49,350. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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