Apply to San Luis Obispo Apartment Waiting Lists
Judson Terrace Homes
Judson Terrace Lodge
Courtyard at The Meadows
There are 574 low-income apartments in San Luis Obispo that offer reduced rents to eligible households.
Rental assistance programs support 307 low-income homes in San Luis Obispo where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $441 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving San Luis Obispo, 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.
| Housing Authority | Programs |
|---|---|
| Housing Authority of San Luis Obispo | Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV) |
San Luis Obispo, California Affordable Housing Data
Income Based Apartments in San Luis Obispo, California
San Luis Obispo features 307 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 San Luis Obispo, California
There are 574 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in San Luis Obispo.
Housing Choice Vouchers in San Luis Obispo, California
On average, Section 8 Housing Choice vouchers pay San Luis Obispo landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in San Luis Obispo.
The maximum amount a voucher would pay on behalf of a low-income tenant in San Luis Obispo, California for a two-bedroom apartment is between $2,047 and $2,501.
2024 San Luis Obispo, 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 | |
|---|---|---|---|---|---|
| San Luis Obispo, California Fair Market Rent | $1,541 | $1,731 | $2,274 | $3,045 | $3,465 |
| San Luis Obispo, California Payment Standard Range | $1,387 to $1,695 | $1,558 to $1,904 | $2,047 to $2,501 | $2,741 to $3,350 | $3,119 to $3,812 |
Sourced from federal housing data and AffordableHousingOnline.com research.
San Luis Obispo, CA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 26 |
|---|---|
| Total Low Income Apartments | 886 |
| Total Housing Units with Rental Assistance | 307 |
| Percentage of Housing Units Occupied By Renters | 63.32% |
| Average Renter Household Size | 2.52 |
| Average Household Size | 2.50 |
| Median Household Income | $46,058 ±$3,148 |
| Median Rent | $1,284 ±$48 |
| Percentage Of Renters Overburdened | 61.02% ± 4.08pp |
| Total Population | 46,337 |
Population and Household Demographics
San Luis Obispo is a city in San Luis Obispo County, California with a population of 46,337. There are 18,044 households in the city with an average household size of 2.50 persons. 63.32% of households in San Luis Obispo are renters.
Income and Rent Overburden in San Luis Obispo
The median gross income for households in San Luis Obispo is $46,058 a year, or $3,838 a month. The median rent for the city is $1,284 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In San Luis Obispo, a household making less than $4,280 a month would be considered overburdened when renting an apartment at or above the median rent. 61.02% of households who rent are overburdened in San Luis Obispo.
Area Median Income In San Luis Obispo
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 San Luis Obispo, the AMI is calculated from all households within San Luis Obispo County.
In San Luis Obispo, HUD calculates the Area Median Income for a family of four as $113,100
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 San Luis Obispo
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 San Luis Obispo
| 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 San Luis Obispo AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$24,350 | $27,800 | $31,300 | $34,750 | $37,550 | $40,350 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the San Luis Obispo AMI may qualify for rental assistance programs that target Very Low Income households. |
$40,550 | $46,350 | $52,150 | $57,900 | $62,550 | $67,200 | $71,800 | $76,450 |
| 80% AMI Income Limits Renters earning up to 80% of the San Luis Obispo AMI may qualify for rental assistance programs that target Low Income households. |
$64,900 | $74,150 | $83,400 | $92,650 | $100,100 | $107,500 | $114,900 | $122,300 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.