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Affordable Housing In Monterey Park
Los Angeles County, California


Waiting List Openings In Monterey Park

Waiting ListStatus
Los Angeles County Development Authority Senior Public Housing Open Now

8 Low Income Apartment Communities In Monterey Park

Mosaic Gardens at Monterey Park

534 N Chandler Ave
Monterey Park, California
Call For Rent
1-3 BR

Abajo Del Sol

1000 Abajo Drive
Monterey Park, California

Monterey Park Senior Village

1935 Potrero Grande Drive
Monterey Park, California

Pacific Bridge Adult Res. Fac.

500 S McPherrin Ave
Monterey Park, California
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Golden Age Village

234 N Rural Drive
Monterey Park, California
Subsidized
62+
Accessible
Elderly Supportive Housing

Pacific Housing Development

322 E Newmark Ave
Monterey Park, California
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Telacu

200 W Newmark Ave
Monterey Park, California

Lions Manor

215 N Chandler Ave
Monterey Park, California
Subsidized
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Housing Authorities that serve Monterey Park

Housing Authority Programs
Los Angeles County Development Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation

Guide To Affordable Housing in Monterey Park, California

There are 8 low income housing apartment communities offering 532 affordable apartments for rent in Monterey Park, California.

Income Based Apartments in Monterey Park, California

Monterey Park features 259 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 Monterey Park, California

There are 273 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monterey Park.

Housing Choice Vouchers in Monterey Park, California

On average, Section 8 Housing Choice vouchers pay Monterey Park landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Monterey Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monterey Park, California for a two-bedroom apartment is between $1,852 and $2,264.

2021 Monterey Park, California Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Monterey Park, California Fair Market Rent $1,369 $1,605 $2,058 $2,735 $2,982
Monterey Park, California Payment Standard Range $1,232 to $1,506 $1,445 to $1,766 $1,852 to $2,264 $2,462 to $3,009 $2,684 to $3,280

Sourced from federal housing data and AffordableHousingOnline.com research.

Monterey Park, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 532
Total Housing Units with Rental Assistance 259
Percentage of Housing Units Occupied By Renters 47.98%
Average Renter Household Size 3.16
Average Household Size 3.18
Median Household Income $54,097 ±$3,251
Median Rent $1,234 ±$31
Percentage Of Renters Overburdened 57% ± 3.98pp
Total Population 61,085

Population and Household Demographics

Monterey Park is a city in Los Angeles County, California with a population of 61,085. There are 19,106 households in the city with an average household size of 3.18 persons. 47.98% of households in Monterey Park are renters.

Income and Rent Overburden in Monterey Park

The median gross income for households in Monterey Park is $54,097 a year, or $4,508 a month. The median rent for the city is $1,234 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monterey Park, a household making less than $4,113 a month would be considered overburdened when renting an apartment at or above the median rent. 57% of households who rent are overburdened in Monterey Park.

Area Median Income In Monterey Park

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Monterey Park, the AMI is calculated from all households within Los Angeles County.

In Monterey Park, HUD calculates the Area Median Income for a family of four as $77,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Monterey Park

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Monterey Park

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Monterey Park AMI may qualify for rental assistance programs that target Extremely Low Income households.
$23,700 $27,050 $30,450 $33,800 $36,550 $39,250 $41,950 $44,650
50% AMI Income Limits
Renters earning up to 50% of the Monterey Park AMI may qualify for rental assistance programs that target Very Low Income households.
$39,450 $45,050 $50,700 $56,300 $60,850 $65,350 $69,850 $74,350
80% AMI Income Limits
Renters earning up to 80% of the Monterey Park AMI may qualify for rental assistance programs that target Low Income households.
$63,100 $72,100 $81,100 $90,100 $97,350 $104,550 $111,750 $118,950