Low Income Apartments and Affordable Housing For Rent in Santa Monica, CA

Discover affordable housing in Santa Monica where there are 44+ 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.

How To Identify Affordable Housing in Santa Monica, California

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
calendar_today Opened: May 1
Open Until Further Notice
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calendar_month

Reported On January 24th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Santa Monica, California
$48.18/hour
$32.18 (+201%) more than California minimum wage and $40.93 (+565%) more than the Federal minimum wage.
Learn More About Santa Monica, California Affordable Housing ↓

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Moderate Rehabilitation programs for Santa Monica, California.
Operates the Section 8 Housing Choice Voucher (HCV), Veteran Affairs Supportive Housing (VASH), HOME Investment Partnerships Program (HOME), Emergency Housing Voucher (EHV) programs for Santa Monica, California.

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.