Low Income Apartments and Affordable Housing For Rent in Placerville, CA

Discover affordable housing in Placerville where there are 10+ 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.

Placer Village Apartments

2789 Ray Lawyer Drive, Placerville, California 95667

Placerville Apartments

2684 Coloma Ct, Placerville, California 95667

Cottonwood Park Apartments

3030 New Jersey Way, Placerville, California 95667

Tunnel Street Apartments

2880 Tunnel St, Placerville, California 95667

Carson Ridge Apartments I

2838 Schnell School Rd, Placerville, California 95667

Cottonwood Senior Apartments

2801 Clay St, Placerville, California 95667

Carson Ridge Apartments II

2848 Schnell School Rd, Placerville, California 95667

Eskaton Lincoln Manor

6600 Mother Lode Drive, Placerville, California 95667

Sunrise Gardens

1400 Woodman Cir, Placerville, California 95667

Deer View Park Apartments

2880 Schnell School Rd, Placerville, California 95667

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Placerville, California
$39.24/hour
$23.24 (+145%) more than California minimum wage and $31.99 (+441%) more than the Federal minimum wage.
Learn More About Placerville, California Affordable Housing ↓

What HUD offices serve Placerville, California?

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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Placerville, California.

Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Placerville.

How many renters live in Placerville, California?

The City of Placerville has 10,744 people living in 4,529 households.

There are 3,690 renters living in 1,706 renter households in this City. Renters make up 34.34 percent of the population living in Placerville.

What is the rental market like in Placerville, California?

There are an estimated 4,866 housing units in the Placerville area. Of these, 1,807 units are rental homes, making up 37 percent of the housing market. For every renter household in Placerville, California, there are 1 rental units.

What is the vacancy rate for rentals in Placerville?

The rental vacancy rate in Placerville is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Placerville for each bedroom size?

Occupied Rental Units by Size in Placerville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 398 915 353 40
Occupied Rental Units by Size in Placerville

A large number of apartments in Placerville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Placerville are overburdened by housing costs?

Among renter households in this market, 58 percent have housing cost burden. Further, 29 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

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

How Much Is Rent in Placerville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,543 to $3,321. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,543
One BR $1,666
Two BR $2,072
Three BR $2,884
Four BR $3,321
2024 Fair Market Rents in Placerville, California

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

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search 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
One BR 357 90 percent
Two BR 717 78 percent
Rental Units Below FMR in Placerville, California

How many affordable rental units are in Placerville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 464
Section 8 Project-Based Rental Assistance 114
USDA Section 515 Rural Rental Housing 210
Tracked Units by Federal Program in Placerville, California

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

Income Based Apartments in Placerville, California

Placerville features 371 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 Placerville, California

There are 234 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Placerville.

Housing Choice Vouchers in Placerville, California

On average, Section 8 Housing Choice vouchers pay Placerville landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Placerville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Placerville, California for a two-bedroom apartment is between $1,865 and $2,279.

Sourced from federal housing data and AffordableHousingOnline.com research.