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

Discover affordable housing in Larkspur 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.

Edgewater Place

26 Edgewater Pl , Larkspur, California 94939

Drakes Way

20 Drakes Way, Larkspur, California 94939

Larkspur Isle

Larkspur Plaza Dr , Larkspur, California 94939

Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Larkspur, 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 Larkspur, California Affordable Housing ↓

What HUD offices serve Larkspur, 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 Larkspur, California.

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

How many renters live in Larkspur, California?

The City of Larkspur has 12,969 people living in 6,193 households.

There are 5,817 renters living in 3,231 renter households in this City. Renters make up 44.85 percent of the population living in Larkspur.

What is the rental market like in Larkspur, California?

There are an estimated 6,624 housing units in the Larkspur area. Of these, 3,302 units are rental homes, making up 50 percent of the housing market. For every renter household in Larkspur, California, there are 1 rental units.

What is the vacancy rate for rentals in Larkspur?

The rental vacancy rate in Larkspur is 2 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 Larkspur for each bedroom size?

Occupied Rental Units by Size in Larkspur
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
291 1,286 1,047 525 59
Occupied Rental Units by Size in Larkspur

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

Among renter households in this market, 52 percent have housing cost burden. Further, 31 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 Larkspur

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 Larkspur, California

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

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 41 14 percent
One BR 157 12 percent
Two BR 42 4 percent
Rental Units Below FMR in Larkspur, California

How many affordable rental units are in Larkspur?

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

Federal Program Unit Count
Low Income Housing Tax Credit 55
Tracked Units by Federal Program in Larkspur, California

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

Income Based Apartments in Larkspur, California

Larkspur 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 Larkspur, California

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Larkspur.

Housing Choice Vouchers in Larkspur, California

On average, Section 8 Housing Choice vouchers pay Larkspur landlords $1,800 per month towards rent. The average voucher holder contributes $500 towards rent in Larkspur.

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

Sourced from federal housing data and AffordableHousingOnline.com research.