What HUD offices serve Santa Monica, 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.
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Santa Monica.
How many renters live in Santa Monica, California?
The City of Santa Monica has 89,951 people living in 43,189 households.
There are 55,402 renters living in 29,445 renter households in this City. Renters make up 61.59 percent of the population living in Santa Monica.
What is the rental market like in Santa Monica, California?
There are an estimated 52,277 housing units in the Santa Monica area. Of these, 35,283 units are rental homes, making up 67 percent of the housing market. For every renter household in Santa Monica, California, there are 1 rental units.
What is the vacancy rate for rentals in Santa Monica?
The rental vacancy rate in Santa Monica is 6 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 Santa Monica for each bedroom size?
Occupied Rental Units by Size in Santa Monica
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3,638 | 13,851 | 11,708 | 3,124 | 313 |
Occupied Rental Units by Size in Santa Monica
A large number of apartments in Santa Monica 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 Santa Monica are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 27 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 Santa Monica
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,777 to $3,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,777 |
| One BR | $2,006 |
| Two BR | $2,544 |
| Three BR | $3,263 |
| Four BR | $3,600 |
2024 Fair Market Rents in Santa Monica, California
How many units are rented at Fair Market Rent (FMR) in Santa Monica?
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 | 1,457 | 40 percent |
| One BR | 4,086 | 29 percent |
| Two BR | 2,834 | 24 percent |
Rental Units Below FMR in Santa Monica, California
How many affordable rental units are in Santa Monica?
There are a variety of federal affordable housing programs serving households in Santa Monica, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,057 |
| Public Housing | 38 |
| Section 8 Project-Based Rental Assistance | 418 |
| Section 202 Supportive Housing for the Elderly | 173 |
| Section 811 Supportive Housing for Persons with Disabilities | 33 |
Tracked Units by Federal Program in Santa Monica, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Santa Monica, California
Santa Monica features 1,018 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 Santa Monica, California
There are 950 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Santa Monica.
Housing Choice Vouchers in Santa Monica, California
On average, Section 8 Housing Choice vouchers pay Santa Monica landlords $1,200 per month towards rent. The average voucher holder contributes $400 towards rent in Santa Monica.
The maximum amount a voucher would pay on behalf of a low-income tenant in Santa Monica, California for a two-bedroom apartment is between $2,290 and $2,798.
Sourced from federal housing data and AffordableHousingOnline.com research.
