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

Discover affordable housing in Derwood 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.

Shady Grove Apartments

16125 Crabbs Branch Way, Derwood, Maryland 20855

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 Derwood, 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 Derwood, Maryland Affordable Housing ↓

What HUD offices serve Derwood, 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 Derwood, Maryland.

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

How many renters live in Derwood, Maryland?

The City of Derwood has 1,850 people living in 755 households.

There are 631 renters living in 245 renter households in this City. Renters make up 34.11 percent of the population living in Derwood.

What is the rental market like in Derwood, Maryland?

There are an estimated 755 housing units in the Derwood area. Of these, 245 units are rental homes, making up 32 percent of the housing market. For every renter household in Derwood, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Derwood?

The rental vacancy rate in Derwood is 0 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 Derwood for each bedroom size?

Occupied Rental Units by Size in Derwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 25 64 57 90
Occupied Rental Units by Size in Derwood

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

Among renter households in this market, 48 percent have housing cost burden. Further, 13 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 Derwood

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 Derwood, Maryland

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

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 25 100 percent
Two BR 64 100 percent
Rental Units Below FMR in Derwood, Maryland

How many affordable rental units are in Derwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 144
Section 8 Project-Based Rental Assistance 288
Tracked Units by Federal Program in Derwood, Maryland

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

Income Based Apartments in Derwood, Maryland

Derwood features 4 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 Derwood, Maryland

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Derwood.

Housing Choice Vouchers in Derwood, Maryland

On average, Section 8 Housing Choice vouchers pay Derwood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Derwood.

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

Sourced from federal housing data and AffordableHousingOnline.com research.