Low Income Apartments and Affordable Housing For Rent in Aspen Hill, MD

Discover affordable housing in Aspen Hill where there are 3+ 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.

Pointe View at Aspen Hill

3136 Bel Pre Road, Aspen Hill, Maryland 20906

The Somerset Apartments

3021 Hewitt Ave, Aspen Hill, Maryland 20906

Montgomery Homes III

2509 McVeary Ct, Aspen Hill, Maryland 20906

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 Aspen Hill, Maryland
$23.73 (+158%) more than Maryland minimum wage and $31.48 (+434%) more than the Federal minimum wage.
Learn More About Aspen Hill, Maryland Affordable Housing ↓

What HUD offices serve Aspen Hill, 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 Aspen Hill, Maryland.

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

How many renters live in Aspen Hill, Maryland?

The City of Aspen Hill has 54,262 people living in 17,369 households.

There are 19,873 renters living in 6,311 renter households in this City. Renters make up 36.62 percent of the population living in Aspen Hill.

What is the rental market like in Aspen Hill, Maryland?

There are an estimated 17,911 housing units in the Aspen Hill area. Of these, 6,413 units are rental homes, making up 36 percent of the housing market. For every renter household in Aspen Hill, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Aspen Hill?

The rental vacancy rate in Aspen Hill is 2 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 Aspen Hill for each bedroom size?

Occupied Rental Units by Size in Aspen Hill
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
333 1,546 2,637 969 420
Occupied Rental Units by Size in Aspen Hill

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

Among renter households in this market, 55 percent have housing cost burden. Further, 32 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 Aspen Hill

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 Aspen Hill, Maryland

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

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 205 62 percent
One BR 675 44 percent
Two BR 432 16 percent
Rental Units Below FMR in Aspen Hill, Maryland

How many affordable rental units are in Aspen Hill?

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

Federal Program Unit Count
Low Income Housing Tax Credit 344
Public Housing 52
Section 8 Project-Based Rental Assistance 315
Section 811 Supportive Housing for Persons with Disabilities 3
Tracked Units by Federal Program in Aspen Hill, Maryland

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

Income Based Apartments in Aspen Hill, Maryland

Aspen Hill 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 Aspen Hill, Maryland

There are 263 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Aspen Hill.

Housing Choice Vouchers in Aspen Hill, Maryland

On average, Section 8 Housing Choice vouchers pay Aspen Hill landlords $1,300 per month towards rent. The average voucher holder contributes $500 towards rent in Aspen Hill.

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

Sourced from federal housing data and AffordableHousingOnline.com research.