Affordable Housing In Thousand Oaks
Ventura County, California

Affordable Housing programs support 390 income based apartments in Thousand Oaks where households pay rent based on how much they earn.

There are 489 affordable apartments in Thousand Oaks that offer reduced rents to low-income households.

Waiting Lists in Thousand Oaks, California

There are no open Section 8 Housing Choice Voucher waiting lists in Thousand Oaks. Go to the California Section 8 Waiting Lists page for openings near Thousand Oaks.

Conejo Future Apartments

130 Brazil Street
Thousand Oaks, California
Call For Rent
1 BR
Rent Assisted
62+

Villa Garcia Apartments

1379 E Thousand Oaks Blvd
Thousand Oaks, California
Income Based
1-3 BR
Affordable

Hillcrest Villas

2736 E Hillcrest Dr
Thousand Oaks, California
Call For Rent
1-3 BR
Affordable

YOLO East

1801-1831 Los Feliz Dr
Thousand Oaks, California
Call For Rent
1 BR

Shadows Apartments

1949 Los Feliz Dr
Thousand Oaks, California
1 BR
Affordable

Schillo Gardens

2825 Los Robles Road
Thousand Oaks, California
Affordable

Shadow Hills Apartments

243 E Wilbur Rd
Thousand Oaks, California
Rent Assisted

Mountclef Apartments

3500 Mountclef Blvd
Thousand Oaks, California
Rent Assisted

1854 Los Feliz Dr Apartments

1872 Los Feliz Dr
Thousand Oaks, California

Esseff Village Apartments

1423 E Thousand Oaks Blvd
Thousand Oaks, California
Affordable
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Affordable Housing Near Thousand Oaks

View affordable apartments and waiting lists in cities near Thousand Oaks

City Apartments
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Affordable Housing In Ventura, CA Affordable Housing programs support 28 apartment communities in Ventura.

Public Housing Agencies Serving Thousand Oaks, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Area Housing Authority of the County of Ventura Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Thousand Oaks.

Thousand Oaks, California Affordable Housing Data

Income Based Apartments in Thousand Oaks, California

Thousand Oaks features 390 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 Thousand Oaks, California

There are 489 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thousand Oaks.

Housing Choice Vouchers in Thousand Oaks, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Thousand Oaks, California for a two-bedroom apartment is between $2,183 and $2,668.

2023 Thousand Oaks, 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
Thousand Oaks, California Fair Market Rent $1,703 $2,001 $2,425 $3,368 $3,962
Thousand Oaks, California Payment Standard Range $1,533 to $1,873 $1,801 to $2,201 $2,183 to $2,668 $3,031 to $3,705 $3,566 to $4,358

Sourced from federal housing data and AffordableHousingOnline.com research.

Thousand Oaks, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 879
Total Housing Units with Rental Assistance 390
Percentage of Housing Units Occupied By Renters 29.07%
Average Renter Household Size 2.61
Average Household Size 2.75
Median Household Income $100,946 ±$2,201
Median Rent $1,814 ±$36
Percentage Of Renters Overburdened 52.66% ± 4.14pp
Total Population 128,565

Population and Household Demographics

Thousand Oaks is a city in Ventura County, California with a population of 128,565. There are 45,912 households in the city with an average household size of 2.75 persons. 29.07% of households in Thousand Oaks are renters.

Income and Rent Overburden in Thousand Oaks

The median gross income for households in Thousand Oaks is $100,946 a year, or $8,412 a month. The median rent for the city is $1,814 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thousand Oaks, a household making less than $6,047 a month would be considered overburdened when renting an apartment at or above the median rent. 52.66% of households who rent are overburdened in Thousand Oaks.

Area Median Income In Thousand Oaks

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 Thousand Oaks, the AMI is calculated from all households within Ventura County.

In Thousand Oaks, HUD calculates the Area Median Income for a family of four as $115,400

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 Thousand Oaks

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 Thousand Oaks

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 Thousand Oaks AMI may qualify for rental assistance programs that target Extremely Low Income households.
$26,350 $30,100 $33,850 $37,600 $40,650 $43,650 $46,650 $49,650
50% AMI Income Limits
Renters earning up to 50% of the Thousand Oaks AMI may qualify for rental assistance programs that target Very Low Income households.
$43,900 $50,200 $56,450 $62,700 $67,750 $72,750 $77,750 $82,800
80% AMI Income Limits
Renters earning up to 80% of the Thousand Oaks AMI may qualify for rental assistance programs that target Low Income households.
$70,250 $80,300 $90,350 $100,350 $108,400 $116,450 $124,450 $132,500