Low Income Apartments and Affordable Housing For Rent in Newcastle, ME

Discover affordable housing in Newcastle where there are 2+ 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.

Franklin School Apartments

23 Mills Road, Newcastle, Maine 04553

Mobius Residence

55 Trails End Rd, Newcastle, Maine 04553

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Newcastle, Maine
$22.41/hour
$8.26 (+58%) more than Maine minimum wage and $15.16 (+209%) more than the Federal minimum wage.
Learn More About Newcastle, Maine Affordable Housing ↓

What HUD offices serve Newcastle, Maine?

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) programs for Newcastle, Maine.

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

How many renters live in Newcastle, Maine?

The City of Newcastle has 680 people living in 326 households.

There are 142 renters living in 75 renter households in this City. Renters make up 20.88 percent of the population living in Newcastle.

What is the rental market like in Newcastle, Maine?

There are an estimated 353 housing units in the Newcastle area. Of these, 95 units are rental homes, making up 27 percent of the housing market. For every renter household in Newcastle, Maine, there are 1 rental units.

What is the vacancy rate for rentals in Newcastle?

The rental vacancy rate in Newcastle is 21 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Newcastle for each bedroom size?

Occupied Rental Units by Size in Newcastle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 19 45 5 0
Occupied Rental Units by Size in Newcastle

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

Among renter households in this market, 29 percent have housing cost burden. Further, 11 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 Newcastle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $942 to $1,654. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $942
One BR $978
Two BR $1,183
Three BR $1,575
Four BR $1,654
2024 Fair Market Rents in Newcastle, Maine

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

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 5 83 percent
One BR 12 63 percent
Two BR 26 58 percent
Rental Units Below FMR in Newcastle, Maine

How many affordable rental units are in Newcastle?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 22
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Newcastle, Maine

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

Income Based Apartments in Newcastle, Maine

Newcastle features 21 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 Newcastle, Maine

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newcastle.

Housing Choice Vouchers in Newcastle, Maine

On average, Section 8 Housing Choice vouchers pay Newcastle landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newcastle.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newcastle, Maine for a two-bedroom apartment is between $1,065 and $1,301.

Sourced from federal housing data and AffordableHousingOnline.com research.