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

Discover affordable housing in Riverside where there are 32+ 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.

Phoenix Terrace Apartments

6930 Phoenix Ave, Riverside, California 92504

Ridgecrest Apartments

3250 Panorama Rd, Riverside, California 92506

Riverside Gardens

1245 W Linden St, Riverside, California 92507

Brandon Place Senior Apartments

3941 Polk St, Riverside, California 92505

Canyon Shadows Apartments

8405 Arlington Ave, Riverside, California 92503

Cambridge Gardens

3533 Harrison St , Riverside, California 92503

H - 021 Family Service Senior Housing

5888 Mission Blvd, Riverside, California 92509

Home David and June Goldware Senior Apartments

5271 Sierra St, Riverside, California 92504

Mission Palms

5875 Mission Blvd, Riverside, California 92509

Mission Pointe at Riverside

2771 Turquoise St, Riverside, California 92507

Desert Hot Springs Apartments

5581 34th St, Riverside, California 92503

Indiana Avenue Fourplexes

8797 Indiana Ave, Riverside, California 92503

calendar_today Opened: Jun 30
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 Riverside, California
$38.07/hour
$22.07 (+138%) more than California minimum wage and $30.82 (+425%) more than the Federal minimum wage.
Learn More About Riverside, California Affordable Housing ↓

What HUD offices serve Riverside, 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 Riverside, California.

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

How many renters live in Riverside, California?

The City of Riverside has 320,785 people living in 99,245 households.

There are 136,627 renters living in 47,168 renter households in this City. Renters make up 42.59 percent of the population living in Riverside.

What is the rental market like in Riverside, California?

There are an estimated 95,517 housing units in the Riverside area. Of these, 42,706 units are rental homes, making up 45 percent of the housing market. For every renter household in Riverside, California, there are 1 rental units.

What is the vacancy rate for rentals in Riverside?

The rental vacancy rate in Riverside 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 Riverside for each bedroom size?

Occupied Rental Units by Size in Riverside
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3,808 11,259 18,190 8,122 5,132
Occupied Rental Units by Size in Riverside

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

Among renter households in this market, 59 percent have housing cost burden. Further, 29 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 Riverside

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,517 to $3,304. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,517
One BR $1,611
Two BR $2,010
Three BR $2,707
Four BR $3,304
2024 Fair Market Rents in Riverside, California

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

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 1,903 50 percent
One BR 5,978 53 percent
Two BR 5,583 31 percent
Rental Units Below FMR in Riverside, California

How many affordable rental units are in Riverside?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,847
Section 8 Project-Based Rental Assistance 321
Mod Rehab Project-Based Rental Assistance 80
Section 202 Supportive Housing for the Elderly 296
Tracked Units by Federal Program in Riverside, California

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

Income Based Apartments in Riverside, California

Riverside features 637 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 Riverside, California

There are 2,014 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Riverside.

Housing Choice Vouchers in Riverside, California

On average, Section 8 Housing Choice vouchers pay Riverside landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Riverside.

The maximum amount a voucher would pay on behalf of a low-income tenant in Riverside, California for a two-bedroom apartment is between $1,809 and $2,211.

Sourced from federal housing data and AffordableHousingOnline.com research.