Low Income Apartments and Affordable Housing For Rent in Placer County, CA

Discover affordable housing in Placer County where there are 53+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Placer County, California
$39.24/hour
$23.24 (+145%) more than California minimum wage and $31.99 (+441%) more than the Federal minimum wage.
Learn More About Placer County, California Affordable Housing ↓

What HUD offices serve Placer County, 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 Placer County, California.

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

How many renters live in Placer County, California?

The County of Placer County has 417,772 people living in 160,203 households.

There are 100,982 renters living in 41,889 renter households in this County. Renters make up 24.17 percent of the population living in Placer County.

What is the rental market like in Placer County, California?

There are an estimated 179,167 housing units in the Placer County area. Of these, 44,399 units are rental homes, making up 25 percent of the housing market. For every renter household in Placer County, California, there are 1 rental units.

What is the vacancy rate for rentals in Placer County?

The rental vacancy rate in Placer County is 5 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 Placer County for each bedroom size?

Occupied Rental Units by Size in Placer County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,932 9,144 14,961 10,932 3,974
Occupied Rental Units by Size in Placer County

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

Among renter households in this market, 59 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 Placer County

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 Placer County, California

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

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 1,001 52 percent
One BR 4,208 46 percent
Two BR 4,696 31 percent
Rental Units Below FMR in Placer County, California

How many affordable rental units are in Placer County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 3,874
Section 8 Project-Based Rental Assistance 426
Section 202 Supportive Housing for the Elderly 265
USDA Section 515 Rural Rental Housing 653
Tracked Units by Federal Program in Placer County, California

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

Income Based Apartments in Placer County, California

Placer County features 1,359 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 Placer County, California

There are 3,504 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Placer County.

Housing Choice Vouchers in Placer County, California

On average, Section 8 Housing Choice vouchers pay Placer County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Placer County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.