Low Income Apartments and Affordable Housing For Rent in Simi Valley, CA

Discover affordable housing in Simi Valley where there are 12+ 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 Simi Valley, California
$45.72/hour
$29.72 (+186%) more than California minimum wage and $38.47 (+531%) more than the Federal minimum wage.
Learn More About Simi Valley, California Affordable Housing ↓

What HUD offices serve Simi Valley, 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 Simi Valley, California.

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

How many renters live in Simi Valley, California?

The City of Simi Valley has 124,395 people living in 41,730 households.

There are 32,709 renters living in 11,381 renter households in this City. Renters make up 26.29 percent of the population living in Simi Valley.

What is the rental market like in Simi Valley, California?

There are an estimated 45,161 housing units in the Simi Valley area. Of these, 12,308 units are rental homes, making up 27 percent of the housing market. For every renter household in Simi Valley, California, there are 1 rental units.

What is the vacancy rate for rentals in Simi Valley?

The rental vacancy rate in Simi Valley is 2 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 Simi Valley for each bedroom size?

Occupied Rental Units by Size in Simi Valley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
313 2,814 4,055 3,074 1,379
Occupied Rental Units by Size in Simi Valley

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

Among renter households in this market, 57 percent have housing cost burden. Further, 33 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 Simi Valley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,725 to $3,867. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,725
One BR $2,011
Two BR $2,414
Three BR $3,310
Four BR $3,867
2024 Fair Market Rents in Simi Valley, California

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

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 107 34 percent
One BR 865 31 percent
Two BR 386 10 percent
Rental Units Below FMR in Simi Valley, California

How many affordable rental units are in Simi Valley?

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

Federal Program Unit Count
Low Income Housing Tax Credit 767
Section 202 Supportive Housing for the Elderly 70
Section 811 Supportive Housing for Persons with Disabilities 14
Tracked Units by Federal Program in Simi Valley, California

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

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 898 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 $2,173 and $2,655.

Sourced from federal housing data and AffordableHousingOnline.com research.