Low Income Apartments and Affordable Housing For Rent in Santa Monica, CA (2024)

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Discover affordable housing in Santa Monica where there are 44+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Brunson Terrace

1819 Pico Blvd., Santa Monica, California 90405

bed1-3

Las Flores Apartments

1834-1848 14th St., Santa Monica, California 90404

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Pacific Landing

2120 Lincoln Blvd., Santa Monica, California 90405

bed1-3

Magnolia Villas

1445 10th St., Santa Monica, California 90401

bed1

Santa Monica New Hope Courtyard

1637 Appian Way , Santa Monica, California 90401

bed2

2602 Broadway Apartments

2602 Broadway, Santa Monica, California 90404

Greenway Meadows

1820 14th St, Santa Monica, California 90404

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How To Identify Affordable Housing in Santa Monica, California

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge	Description
switch_access_shortcutShort Wait	Low income apartments with no or short waiting lists.
paymentSubsidized	Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agentAccepts Vouchers	Apartments that accept Section 8 vouchers near you
elderlySenior	Rental housing for seniors who are 55 (or sometimes 62) and older.
paymentIncome Based	Affordable apartments where the rent paid is based on renter income.
accessibilityAccessible	Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forwardDisability	Apartments for individuals or families with disabilities.

Santa Monica, California Section 8 HCV

calendar_todayOpened: May 1,2020

Open Until Further Notice

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Reported On January 24th, 2024 byLorena Bentley

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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InSanta Monica, California

$48.18/hour

$32.18

(+201%) more thanCalifornia minimum wage and

$40.93

(+565%) more than the Federal minimum wage.

Learn More About Santa Monica, California AffordableHousing ↓

What HUD offices serve Santa Monica, California?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Los Angeles County Development Authority

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Moderate Rehabilitation programs for Santa Monica, California.

Santa Monica Housing and Economic Development

Operates the Section 8 Housing Choice Voucher (HCV), Veteran Affairs Supportive Housing (VASH), HOME Investment Partnerships Program (HOME), Emergency Housing Voucher (EHV) programs for Santa Monica, California.

Go to theCaliforniaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Santa Monica.

How many renters live in Santa Monica, California?

The City of Santa Monica has 89,951people living in 43,189 households.

There are 55,402 renters living in29,445 renter households in thisCity. Renters make up 61.59percent of the population living in Santa Monica.

What is the rental market like in Santa Monica, California?

There are an estimated 52,277 housing units in theSanta Monica area. Of these, 35,283 units are rentalhomes, making up 67 percent of the housing market. Forevery renter household in Santa Monica, California, there are1 rental units.

What is the vacancy rate for rentals in Santa Monica?

The rental vacancy rate in Santa Monica is 6 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.

How many rental units are in Santa Monica for each bedroom size?

Occupied Rental Units by Size in Santa Monica

Studio	One-Bedroom	Two-Bedroom	Three-Bedroom	Four+ Bedrooms
3,638	13,851	11,708	3,124	313

Occupied Rental Units by Size in Santa Monica

A large number of apartments in Santa Monica have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How many renter households in Santa Monica are overburdened by housing costs?

Among renter households in this market, 45percent havehousing cost burden. Further, 27percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Santa Monica

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,777 to $3,600. FMRs areupdated annually by HUD for every city and county nationwide.

Bed Size	2024 Fair Market Rents
Studio	$1,777
One BR	$2,006
Two BR	$2,544
Three BR	$3,263
Four BR	$3,600

2024 Fair Market Rents in Santa Monica, California

How many units are rented at Fair Market Rent (FMR) in Santa Monica?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size	Count of Units Below FMR	Percentage of Total Units Below FMR
Studio	1,457	40 percent
One BR	4,086	29 percent
Two BR	2,834	24 percent

Rental Units Below FMR in Santa Monica, California

How many affordable rental units are in Santa Monica?

There are a variety of federal affordable housing programs serving households inSanta Monica, California including the following:

Federal Program	Unit Count
Low Income Housing Tax Credit	1,057
Public Housing	38
Section 8 Project-Based Rental Assistance	418
Section 202 Supportive Housing for the Elderly	173
Section 811 Supportive Housing for Persons with Disabilities	33

Tracked Units by Federal Program in Santa Monica, California

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Santa Monica, California

Santa Monica features 1,018 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Santa Monica, California

There are 950 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Santa Monica.

Housing Choice Vouchers in Santa Monica, California

On average, Section 8 Housing Choice vouchers pay Santa Monica landlords$1,200 per month towards rent. The average voucher holdercontributes $400 towards rent inSanta Monica.

The maximum amount a voucher would pay on behalf of a low-income tenant in Santa Monica, California fora two-bedroom apartment is between $2,290 and $2,798.

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

Keep a record of past landlord issues.

Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.

What Renters Say About Us

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