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

Discover affordable housing in Belmont where there are 4+ 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.


825 Old County Rd, Belmont, California 94002

Firehouse Square

1300 El Camino Real, Belmont, California 94002

Belmont Apartments

1625 El Camino Real, Belmont, California 94002

Bonnie Brae Terrace

2400 Carlmont Drive, Belmont, California 94002

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 Belmont, California
$47.62 (+298%) more than California minimum wage and $56.37 (+777%) more than the Federal minimum wage.
Learn More About Belmont, California Affordable Housing ↓

What HUD offices serve Belmont, 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 Belmont, California.

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

How many renters live in Belmont, California?

The City of Belmont has 27,820 people living in 10,811 households.

There are 10,095 renters living in 4,689 renter households in this City. Renters make up 36.29 percent of the population living in Belmont.

What is the rental market like in Belmont, California?

There are an estimated 11,536 housing units in the Belmont area. Of these, 5,073 units are rental homes, making up 44 percent of the housing market. For every renter household in Belmont, California, there are 1 rental units.

What is the vacancy rate for rentals in Belmont?

The rental vacancy rate in Belmont is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Belmont
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
548 1,763 1,476 786 66
Occupied Rental Units by Size in Belmont

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

Among renter households in this market, 43 percent have housing cost burden. Further, 23 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 Belmont

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 Belmont, California

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

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 95 17 percent
One BR 249 14 percent
Two BR 15 1 percent
Rental Units Below FMR in Belmont, California

How many affordable rental units are in Belmont?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 60
Section 811 Supportive Housing for Persons with Disabilities 23
Tracked Units by Federal Program in Belmont, California

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

Income Based Apartments in Belmont, California

Belmont features 254 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 Belmont, California

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belmont.

Housing Choice Vouchers in Belmont, California

On average, Section 8 Housing Choice vouchers pay Belmont landlords $1,500 per month towards rent. The average voucher holder contributes $700 towards rent in Belmont.

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

Sourced from federal housing data and AffordableHousingOnline.com research.