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

Discover affordable housing in Wiscasset 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.

Deer Ridge Farm

18 Deer Ridge Road, Wiscasset, Maine 04578

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wiscasset, 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 Wiscasset, Maine Affordable Housing ↓

What HUD offices serve Wiscasset, 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 Wiscasset, Maine.

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

How many renters live in Wiscasset, Maine?

The City of Wiscasset has 1,207 people living in 539 households.

There are 512 renters living in 158 renter households in this City. Renters make up 42.42 percent of the population living in Wiscasset.

What is the rental market like in Wiscasset, Maine?

There are an estimated 657 housing units in the Wiscasset area. Of these, 158 units are rental homes, making up 24 percent of the housing market. For every renter household in Wiscasset, Maine, there are 1 rental units.

What is the vacancy rate for rentals in Wiscasset?

The rental vacancy rate in Wiscasset is 0 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 Wiscasset for each bedroom size?

Occupied Rental Units by Size in Wiscasset
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 38 14 91 0
Occupied Rental Units by Size in Wiscasset

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

Among renter households in this market, 43 percent have housing cost burden. Further, 35 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 Wiscasset

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 Wiscasset, Maine

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

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 12 80 percent
One BR 36 95 percent
Two BR 14 100 percent
Rental Units Below FMR in Wiscasset, Maine

How many affordable rental units are in Wiscasset?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 27
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Wiscasset, Maine

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

Income Based Apartments in Wiscasset, Maine

Wiscasset features 27 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 Wiscasset, Maine

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

Housing Choice Vouchers in Wiscasset, Maine

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.