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

Discover affordable housing in Chestertown where there are 8+ 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.

Chestertown Cove

408 Morgnec Road, Chestertown, Maryland 21620

Brookmeadow

150 Flatland Rd #68, Chestertown, Maryland 21620

Chesterstown Elderly Housing

402 Morgnec Rd, Chestertown, Maryland 21620

Woodsedge II

23165 Baywood Ct, Chestertown, Maryland 21620

Woodsedge III

23147 Woodsedge Dr, Chestertown, Maryland 21620

Calvert Heights Apartments

716 High St, Chestertown, Maryland 21620

Hdp Chestertown Landing II

503 Morgnec Rd, Chestertown, Maryland 21620

Lord Calvert Gardens

321 Calvert St, Chestertown, Maryland 21620

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chestertown, Maryland
$24.03/hour
$9.03 (+60%) more than Maryland minimum wage and $16.78 (+232%) more than the Federal minimum wage.
Learn More About Chestertown, Maryland Affordable Housing ↓

What HUD offices serve Chestertown, 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), Family Self-Sufficiency, Homeownership, Section 8 HCV Money Follows the Person (MFP) programs for Chestertown, Maryland.

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

How many renters live in Chestertown, Maryland?

The City of Chestertown has 5,522 people living in 2,306 households.

There are 2,062 renters living in 1,219 renter households in this City. Renters make up 37.34 percent of the population living in Chestertown.

What is the rental market like in Chestertown, Maryland?

There are an estimated 2,442 housing units in the Chestertown area. Of these, 1,258 units are rental homes, making up 52 percent of the housing market. For every renter household in Chestertown, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Chestertown?

The rental vacancy rate in Chestertown is 3 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 Chestertown for each bedroom size?

Occupied Rental Units by Size in Chestertown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
17 319 516 350 0
Occupied Rental Units by Size in Chestertown

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

Among renter households in this market, 62 percent have housing cost burden. Further, 23 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 Chestertown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,100 to $2,153. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,100
One BR $1,111
Two BR $1,269
Three BR $1,699
Four BR $2,153
2024 Fair Market Rents in Chestertown, Maryland

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

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 17 100 percent
One BR 241 76 percent
Two BR 360 70 percent
Rental Units Below FMR in Chestertown, Maryland

How many affordable rental units are in Chestertown?

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

Federal Program Unit Count
Low Income Housing Tax Credit 278
Section 8 Project-Based Rental Assistance 52
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Chestertown, Maryland

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

Income Based Apartments in Chestertown, Maryland

Chestertown features 219 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 Chestertown, Maryland

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chestertown.

Housing Choice Vouchers in Chestertown, Maryland

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chestertown, Maryland for a two-bedroom apartment is between $1,142 and $1,396.

Sourced from federal housing data and AffordableHousingOnline.com research.