Affordable Housing In Simi Valley
Ventura County, California

11 Low Income Apartment Communities In Simi Valley

Plaza del Sol Apartments

4231 Alamo Street
Simi Valley, California
$805-1,128
1-4 BR

Camino Esperanza Apartments

384 Katherine Road
Simi Valley, California
Call For Rent
1 BR
Accessible
Accessible
62+

Harmony Terrace

941 Sunset Garden Ln
Simi Valley, California
Call For Rent
1 BR

Seasons at Simi Valley

1662 Rory Ln
Simi Valley, California
Call For Rent
1-2 BR
62+

Sorrento Villas Senior Apartments

415 Country Club Drive
Simi Valley, California
62+

Las Serenas Apartments

2090 Yosemite Avenue
Simi Valley, California

Heywood Gardens

1770 Heywood St
Simi Valley, California
Subsidized
62+
Accessible
Elderly Supportive Housing

The Haven at Tapo Street

2245 Tapo St
Simi Valley, California

Many Mansions

1010 Ashland Ave
Simi Valley, California

Vintage Paseo Senior Apartments

2970 Tapo Canyon Rd
Simi Valley, California

Housing Authorities that serve Simi Valley

Housing Authority Programs
Area Housing Authority of the County of Ventura Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Simi Valley, California

There are 11 low income housing apartment communities offering 867 affordable apartments for rent in Simi Valley, California.

Income Based Apartments in Simi Valley, California

Simi Valley features 74 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 Simi Valley, California

There are 793 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Simi Valley.

Housing Choice Vouchers in Simi Valley, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Simi Valley, California for a two-bedroom apartment is between $1,731 and $2,115.

2021 Simi Valley, 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
Simi Valley, California Fair Market Rent $1,269 $1,519 $1,923 $2,690 $3,189
Simi Valley, California Payment Standard Range $1,142 to $1,396 $1,367 to $1,671 $1,731 to $2,115 $2,421 to $2,959 $2,870 to $3,508

Sourced from federal housing data and AffordableHousingOnline.com research.

Simi Valley, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 867
Total Housing Units with Rental Assistance 74
Percentage of Housing Units Occupied By Renters 26.63%
Average Renter Household Size 2.94
Average Household Size 2.99
Median Household Income $90,210 ±$2,407
Median Rent $1,710 ±$30
Percentage Of Renters Overburdened 54.19% ± 3.81pp
Total Population 126,103

Population and Household Demographics

Simi Valley is a city in Ventura County, California with a population of 126,103. There are 41,972 households in the city with an average household size of 2.99 persons. 26.63% of households in Simi Valley are renters.

Income and Rent Overburden in Simi Valley

The median gross income for households in Simi Valley is $90,210 a year, or $7,518 a month. The median rent for the city is $1,710 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Simi Valley, a household making less than $5,700 a month would be considered overburdened when renting an apartment at or above the median rent. 54.19% of households who rent are overburdened in Simi Valley.

Area Median Income In Simi Valley

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 Simi Valley, the AMI is calculated from all households within Ventura County.

In Simi Valley, HUD calculates the Area Median Income for a family of four as $98,800

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 Simi Valley

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 Simi Valley

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 Simi Valley AMI may qualify for rental assistance programs that target Extremely Low Income households.
$23,600 $26,950 $30,300 $33,650 $36,350 $39,050 $41,750 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Simi Valley AMI may qualify for rental assistance programs that target Very Low Income households.
$39,250 $44,850 $50,450 $56,050 $60,550 $65,050 $69,550 $74,000
80% AMI Income Limits
Renters earning up to 80% of the Simi Valley AMI may qualify for rental assistance programs that target Low Income households.
$62,800 $71,800 $80,750 $89,700 $96,900 $104,100 $111,250 $118,450