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

Discover affordable housing in Exeter where there are 5+ 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.

Exeter Apartments

855 W Visalia Road, Exeter, California 93221

Exeter Senior Apartments

655 Vine St, Exeter, California 93221

Belmont Family Apartments

1110 W. Palm Avenue, Exeter, California 93221

Jacobs Square

301 Jacob Pl, Exeter, California 93221

Exeter Elderly

501 N. B Street, Exeter, California

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 Exeter, California
$24.60/hour
$8.60 (+54%) more than California minimum wage and $17.35 (+239%) more than the Federal minimum wage.
Learn More About Exeter, California Affordable Housing ↓

What HUD offices serve Exeter, 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), Public Housing, Moving to Work programs for Exeter, California.

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

How many renters live in Exeter, California?

The City of Exeter has 10,327 people living in 3,226 households.

There are 4,592 renters living in 1,341 renter households in this City. Renters make up 44.47 percent of the population living in Exeter.

What is the rental market like in Exeter, California?

There are an estimated 3,424 housing units in the Exeter area. Of these, 1,365 units are rental homes, making up 40 percent of the housing market. For every renter household in Exeter, California, there are 1 rental units.

What is the vacancy rate for rentals in Exeter?

The rental vacancy rate in Exeter is 0 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 Exeter for each bedroom size?

Occupied Rental Units by Size in Exeter
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 149 404 603 160
Occupied Rental Units by Size in Exeter

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

Among renter households in this market, 42 percent have housing cost burden. Further, 20 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 Exeter

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $977 to $2,065. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $977
One BR $989
Two BR $1,299
Three BR $1,809
Four BR $2,065
2024 Fair Market Rents in Exeter, California

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

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 147 99 percent
Two BR 287 71 percent
Rental Units Below FMR in Exeter, California

How many affordable rental units are in Exeter?

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

Federal Program Unit Count
Low Income Housing Tax Credit 171
USDA Section 515 Rural Rental Housing 126
Tracked Units by Federal Program in Exeter, California

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

Income Based Apartments in Exeter, California

Exeter features 126 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 Exeter, California

There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Exeter.

Housing Choice Vouchers in Exeter, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Exeter, California for a two-bedroom apartment is between $1,169 and $1,429.

Sourced from federal housing data and AffordableHousingOnline.com research.