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

Discover affordable housing in Milo where there are 5+ 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.

Milo Heights

27-29 High St, Milo, Maine 04463

Park Street Village

45 Park Street, Milo, Maine 04463

Woodland Acres Apartments

26 Woodland Acres, Milo, Maine 04463

Garden Apartments

10 Pleasant Park Circle, Milo, Maine 04463

Milo Apartments

641 Park St, Milo, Maine 04463

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Milo, Maine
$19.47/hour
$5.32 (+38%) more than Maine minimum wage and $12.22 (+169%) more than the Federal minimum wage.
Learn More About Milo, Maine Affordable Housing ↓

What HUD offices serve Milo, 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 Milo, Maine.

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

How many renters live in Milo, Maine?

The City of Milo has 1,409 people living in 677 households.

There are 299 renters living in 157 renter households in this City. Renters make up 21.22 percent of the population living in Milo.

What is the rental market like in Milo, Maine?

There are an estimated 913 housing units in the Milo area. Of these, 195 units are rental homes, making up 21 percent of the housing market. For every renter household in Milo, Maine, there are 1 rental units.

What is the vacancy rate for rentals in Milo?

The rental vacancy rate in Milo is 8 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 Milo for each bedroom size?

Occupied Rental Units by Size in Milo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 44 68 45 0
Occupied Rental Units by Size in Milo

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

Among renter households in this market, 31 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 Milo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $697 to $1,535. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $697
One BR $782
Two BR $1,028
Three BR $1,271
Four BR $1,535
2024 Fair Market Rents in Milo, Maine

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

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
One BR 44 100 percent
Two BR 57 84 percent
Rental Units Below FMR in Milo, Maine

How many affordable rental units are in Milo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 28
USDA Section 515 Rural Rental Housing 80
Tracked Units by Federal Program in Milo, Maine

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

Income Based Apartments in Milo, Maine

Milo features 110 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 Milo, Maine

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milo.

Housing Choice Vouchers in Milo, Maine

On average, Section 8 Housing Choice vouchers pay Milo landlords $1,200 per month towards rent. The average voucher holder contributes $300 towards rent in Milo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Milo, Maine for a two-bedroom apartment is between $925 and $1,131.

Sourced from federal housing data and AffordableHousingOnline.com research.