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

Discover affordable housing in Carmel where there are 1+ 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.

Pacific Meadows Apartments

5315 Carmel Valley Rd, Carmel, California 93923

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carmel, California
$54.53/hour
$38.53 (+241%) more than California minimum wage and $47.28 (+652%) more than the Federal minimum wage.
Learn More About Carmel, California Affordable Housing ↓

What HUD offices serve Carmel, 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 Carmel, California.

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

How many renters live in Carmel, California?

The City of Carmel has 3,239 people living in 1,587 households.

There are 1,381 renters living in 682 renter households in this City. Renters make up 42.64 percent of the population living in Carmel.

What is the rental market like in Carmel, California?

There are an estimated 3,134 housing units in the Carmel area. Of these, 775 units are rental homes, making up 25 percent of the housing market. For every renter household in Carmel, California, there are 1 rental units.

What is the vacancy rate for rentals in Carmel?

The rental vacancy rate in Carmel is 12 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 Carmel for each bedroom size?

Occupied Rental Units by Size in Carmel
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
91 237 189 152 0
Occupied Rental Units by Size in Carmel

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

Among renter households in this market, 51 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 Carmel

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,340 to $4,400. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,340
One BR $2,367
Two BR $2,879
Three BR $3,990
Four BR $4,400
2024 Fair Market Rents in Carmel, California

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

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 66 73 percent
One BR 48 20 percent
Two BR 0 100 percent
Rental Units Below FMR in Carmel, California

How many affordable rental units are in Carmel?

Income Based Apartments in Carmel, California

Carmel 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 Carmel, California

There are 200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carmel.

Housing Choice Vouchers in Carmel, California

On average, Section 8 Housing Choice vouchers pay Carmel landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Carmel.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carmel, California for a two-bedroom apartment is between $2,591 and $3,167.

Sourced from federal housing data and AffordableHousingOnline.com research.