Low Income Apartments and Affordable Housing For Rent in Taneytown, MD

Discover affordable housing in Taneytown 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.

Taneytown Crossing

120 Community Dr., Taneytown, Maryland 21787

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Taneytown, Maryland
$36.80/hour
$21.80 (+145%) more than Maryland minimum wage and $29.55 (+408%) more than the Federal minimum wage.
Learn More About Taneytown, Maryland Affordable Housing ↓

What HUD offices serve Taneytown, 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) programs for Taneytown, Maryland.

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

How many renters live in Taneytown, Maryland?

The City of Taneytown has 7,234 people living in 2,792 households.

There are 873 renters living in 542 renter households in this City. Renters make up 12.07 percent of the population living in Taneytown.

What is the rental market like in Taneytown, Maryland?

There are an estimated 2,989 housing units in the Taneytown area. Of these, 726 units are rental homes, making up 24 percent of the housing market. For every renter household in Taneytown, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Taneytown?

The rental vacancy rate in Taneytown is 15 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 Taneytown for each bedroom size?

Occupied Rental Units by Size in Taneytown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 270 151 121 0
Occupied Rental Units by Size in Taneytown

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

Among renter households in this market, 52 percent have housing cost burden. Further, 44 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 Taneytown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,379 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,379
One BR $1,582
Two BR $1,943
Three BR $2,519
Four BR $2,849
2024 Fair Market Rents in Taneytown, Maryland

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

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 270 100 percent
Two BR 137 91 percent
Rental Units Below FMR in Taneytown, Maryland

How many affordable rental units are in Taneytown?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Taneytown, Maryland

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

Income Based Apartments in Taneytown, Maryland

Taneytown features 0 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 Taneytown, Maryland

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Taneytown.

Housing Choice Vouchers in Taneytown, Maryland

On average, Section 8 Housing Choice vouchers pay Taneytown landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Taneytown.

The maximum amount a voucher would pay on behalf of a low-income tenant in Taneytown, Maryland for a two-bedroom apartment is between $1,749 and $2,137.

Sourced from federal housing data and AffordableHousingOnline.com research.