Low Income Apartments and Affordable Housing For Rent in Wildomar, CA

Discover affordable housing in Wildomar where there are 1+ 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.

Wildomar Senior Living

32325 S Pasadena, Wildomar, California 92595

calendar_today Opened: Jun 30
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wildomar, California
$38.07/hour
$22.07 (+138%) more than California minimum wage and $30.82 (+425%) more than the Federal minimum wage.
Learn More About Wildomar, California Affordable Housing ↓

What HUD offices serve Wildomar, 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 Wildomar, California.

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

How many renters live in Wildomar, California?

The City of Wildomar has 36,822 people living in 10,790 households.

There are 8,589 renters living in 2,680 renter households in this City. Renters make up 23.33 percent of the population living in Wildomar.

What is the rental market like in Wildomar, California?

There are an estimated 11,238 housing units in the Wildomar area. Of these, 2,823 units are rental homes, making up 25 percent of the housing market. For every renter household in Wildomar, California, there are 1 rental units.

What is the vacancy rate for rentals in Wildomar?

The rental vacancy rate in Wildomar is 4 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 Wildomar for each bedroom size?

Occupied Rental Units by Size in Wildomar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
71 256 726 1,235 310
Occupied Rental Units by Size in Wildomar

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

Among renter households in this market, 52 percent have housing cost burden. Further, 23 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 Wildomar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,517 to $3,304. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,517
One BR $1,611
Two BR $2,010
Three BR $2,707
Four BR $3,304
2024 Fair Market Rents in Wildomar, California

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

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 38 54 percent
One BR 157 61 percent
Two BR 247 34 percent
Rental Units Below FMR in Wildomar, California

How many affordable rental units are in Wildomar?

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

Federal Program Unit Count
Low Income Housing Tax Credit 175
Tracked Units by Federal Program in Wildomar, California

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

Income Based Apartments in Wildomar, California

Wildomar features 0 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 Wildomar, California

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wildomar.

Housing Choice Vouchers in Wildomar, California

On average, Section 8 Housing Choice vouchers pay Wildomar landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Wildomar.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wildomar, California for a two-bedroom apartment is between $1,809 and $2,211.

Sourced from federal housing data and AffordableHousingOnline.com research.