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

Discover affordable housing in Folsom where there are 11+ 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.

Mercy Village Folsom

1160 Duchow Way, Folsom, California 95630

Folsom Gardens I

613 Stafford St, Folsom, California 95630

Folsom Gardens II

713 Stafford St, Folsom, California 95630

Folsom Oaks

809 Bidwell St, Folsom, California 95630

Bidwell Pointe

125 East Bidwell Street, Folsom, California 95630

Bidwell Place

403 E. Bidwell St., Folsom, California 95630

Peterson Place

1105 Blue Ravine Rd., Folsom, California 95630

Creekview Manor

1720 Creekside Dr, Folsom, California 95630

Forestwood at Folsom Family Apartments

9483 Greenback Ln, Folsom, California 95630

Granite City Apartments

1150 Sibley St, Folsom, California 95630

Vintage Willow Creek Senior Apartments

1701 Creekside Dr, Folsom, California 95630

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

What HUD offices serve Folsom, 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 programs for Folsom, California.

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

How many renters live in Folsom, California?

The City of Folsom has 83,273 people living in 30,176 households.

There are 22,540 renters living in 9,223 renter households in this City. Renters make up 27.07 percent of the population living in Folsom.

What is the rental market like in Folsom, California?

There are an estimated 29,159 housing units in the Folsom area. Of these, 9,214 units are rental homes, making up 32 percent of the housing market. For every renter household in Folsom, California, there are 1 rental units.

What is the vacancy rate for rentals in Folsom?

The rental vacancy rate in Folsom is 4 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 Folsom for each bedroom size?

Occupied Rental Units by Size in Folsom
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
351 2,192 3,125 2,003 943
Occupied Rental Units by Size in Folsom

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

Among renter households in this market, 39 percent have housing cost burden. Further, 17 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 Folsom

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 Folsom, California

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

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 152 43 percent
One BR 642 29 percent
Two BR 459 15 percent
Rental Units Below FMR in Folsom, California

How many affordable rental units are in Folsom?

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

Federal Program Unit Count
Low Income Housing Tax Credit 634
Section 8 Project-Based Rental Assistance 95
Section 811 Supportive Housing for Persons with Disabilities 18
Tracked Units by Federal Program in Folsom, California

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

Income Based Apartments in Folsom, California

Folsom features 115 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 Folsom, California

There are 689 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Folsom.

Housing Choice Vouchers in Folsom, California

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.