Low Income Apartments and Affordable Housing For Rent in Foster City, CA

Discover affordable housing in Foster City where there are 3+ 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.

Alma Point at Foster Square

790 Alma Ln, Foster City, California 94404

Miramar Apartments

1288 E Hillsdale Blvd, Foster City, California 94404

Metro Center Senior Homes

100 Village Ln, Foster City, California 94404

calendar_today Opened: Sep 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Foster City, California
$63.62/hour
$47.62 (+298%) more than California minimum wage and $56.37 (+777%) more than the Federal minimum wage.
Learn More About Foster City, California Affordable Housing ↓

What HUD offices serve Foster City, 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), Moving to Work programs for Foster City, California.

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

How many renters live in Foster City, California?

The City of Foster City has 33,215 people living in 12,658 households.

There are 15,262 renters living in 6,012 renter households in this City. Renters make up 45.95 percent of the population living in Foster City.

What is the rental market like in Foster City, California?

There are an estimated 13,318 housing units in the Foster City area. Of these, 6,375 units are rental homes, making up 48 percent of the housing market. For every renter household in Foster City, California, there are 1 rental units.

What is the vacancy rate for rentals in Foster City?

The rental vacancy rate in Foster City is 5 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 Foster City for each bedroom size?

Occupied Rental Units by Size in Foster City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
635 1,803 2,372 877 242
Occupied Rental Units by Size in Foster City

A large number of apartments in Foster City 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 Foster City are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 19 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 Foster City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,292 to $4,473. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,292
One BR $2,818
Two BR $3,359
Three BR $4,112
Four BR $4,473
2024 Fair Market Rents in Foster City, California

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

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
Studio 0 100 percent
One BR 117 6 percent
Two BR 26 1 percent
Rental Units Below FMR in Foster City, California

How many affordable rental units are in Foster City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 158
Tracked Units by Federal Program in Foster City, California

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

Income Based Apartments in Foster City, California

Foster City features 0 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 Foster City, California

There are 222 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Foster City.

Housing Choice Vouchers in Foster City, California

On average, Section 8 Housing Choice vouchers pay Foster City landlords $1,500 per month towards rent. The average voucher holder contributes $300 towards rent in Foster City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Foster City, California for a two-bedroom apartment is between $3,023 and $3,695.

Sourced from federal housing data and AffordableHousingOnline.com research.