Low Income Apartments and Affordable Housing For Rent in Silver Spring, MD

Discover affordable housing in Silver Spring where there are 67+ 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.

Willow Manor at Colesville

601 East Randolph Road , Silver Spring, Maryland 20904

Victory Oaks

721 Beacon Road, Silver Spring, Maryland 20901

Victory Forest

10000 Brunswick Ave, Silver Spring, Maryland 20910

Park Montgomery

8860 Piney Branch Rd , Silver Spring, Maryland 20903

Argent Apartments

1200 Blair Mill Rd, Silver Spring, Maryland 20910

The Sanctuary a Mount Jezreel

426 University Boulevard East, Silver Spring, Maryland 20901

The Barrington Apartments

1970 Rosemary Hills Dr, Silver Spring, Maryland 20910

Snowden's Ridge

2105 Harlequin Terrace, Silver Spring, Maryland 20904

Naples Manor

67 Carona Ct., Silver Spring, Maryland 20905

Spring Garden Apartments

8007 Eastern Ave, Silver Spring, Maryland 20910

National Park Seminary Apartments

9615 Dewitt Drive, Silver Spring, Maryland 20910

Edwards

14514 Homecrest Rd, Silver Spring, Maryland 20906

Housing Unlimited

12125 Veirs Mill Road, , Silver Spring, Maryland 20906

Montgomery Arms

8615 Fenton St, Silver Spring, Maryland 20910

Langley Gardens Apartments

1100 Lebanon St, Silver Spring, Maryland 20903

Inwood House

10921 Inwood Ave, Silver Spring, Maryland 20902

Great Hope Homes

1140 Good Hope Dr, Silver Spring, Maryland 20905

Capital Area Housing Corporation

1121 University Blvd W, Silver Spring, Maryland 20912

Georgian Court Apartments

3600 Bel Pre Rd, Silver Spring, Maryland 20906

The Oaks At Four Corners

321 University Blvd W , Silver Spring, Maryland 20901

calendar_today Opened: Jul 30
Open Until Further Notice

Reported On February 23rd, 2024 by Madison Shannahan

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Silver Spring, Maryland
$38.73/hour
$23.73 (+158%) more than Maryland minimum wage and $31.48 (+434%) more than the Federal minimum wage.
Learn More About Silver Spring, Maryland Affordable Housing ↓

What HUD offices serve Silver Spring, Maryland?

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 Silver Spring, Maryland.

Go to the Maryland Public Housing and Low-Income Apartments Waiting Lists page for openings near Silver Spring.

How many renters live in Silver Spring, Maryland?

The City of Silver Spring has 75,313 people living in 34,709 households.

There are 39,477 renters living in 21,580 renter households in this City. Renters make up 52.42 percent of the population living in Silver Spring.

What is the rental market like in Silver Spring, Maryland?

There are an estimated 35,463 housing units in the Silver Spring area. Of these, 22,041 units are rental homes, making up 62 percent of the housing market. For every renter household in Silver Spring, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Silver Spring?

The rental vacancy rate in Silver Spring 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 Silver Spring for each bedroom size?

Occupied Rental Units by Size in Silver Spring
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,532 8,944 7,491 1,829 216
Occupied Rental Units by Size in Silver Spring

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

Among renter households in this market, 54 percent have housing cost burden. Further, 24 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 Silver Spring

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,772 to $3,015. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,772
One BR $1,803
Two BR $2,045
Three BR $2,544
Four BR $3,015
2024 Fair Market Rents in Silver Spring, Maryland

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

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 1,083 43 percent
One BR 3,119 35 percent
Two BR 926 12 percent
Rental Units Below FMR in Silver Spring, Maryland

How many affordable rental units are in Silver Spring?

There are a variety of federal affordable housing programs serving households in Silver Spring, Maryland including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 2,632
Section 8 Project-Based Rental Assistance 396
Section 202 Supportive Housing for the Elderly 47
Section 811 Supportive Housing for Persons with Disabilities 17
Tracked Units by Federal Program in Silver Spring, Maryland

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

Income Based Apartments in Silver Spring, Maryland

Silver Spring features 2,716 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 Silver Spring, Maryland

There are 4,082 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silver Spring.

Housing Choice Vouchers in Silver Spring, Maryland

On average, Section 8 Housing Choice vouchers pay Silver Spring landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Silver Spring.

The maximum amount a voucher would pay on behalf of a low-income tenant in Silver Spring, Maryland for a two-bedroom apartment is between $1,841 and $2,250.

Sourced from federal housing data and AffordableHousingOnline.com research.