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Affordable Housing In Gaithersburg
Montgomery County, Maryland

23 Low Income Apartment Communities In Gaithersburg

Stewartown Homes

9310 Merust Lane
Gaithersburg, Maryland
$1,063-1,309
2-4 BR
Subsidized

Parklane Apartments

8900 Spiceberry Cir
Gaithersburg, Maryland
Call For Rent
2-4 BR
Accepts Vouchers

The Willows Apartments

429 W Diamond Ave
Gaithersburg, Maryland
$757
1-2 BR
Accepts Vouchers

Camp Hill Square

17825 Washington Grove Ln
Gaithersburg, Maryland
Subsidized

Forest Oak Towers

101 Odendhal Ave
Gaithersburg, Maryland
Subsidized

Corrigan Square

8511 Snouffer School Rd
Gaithersburg, Maryland
Accepts Vouchers

Londonderry Towers

17060 King James Way
Gaithersburg, Maryland
Subsidized

Executive Garden

12 S Frederick Ave Apt 26
Gaithersburg, Maryland

Next Step Housing

9142 Turtle Dove Ln
Gaithersburg, Maryland
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Esperance Homes ( Family Services )

13 Shuttle Ct
Gaithersburg, Maryland
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Housing Authorities that serve Gaithersburg

Housing Authority Programs
Housing Opportunities Commission of Montgomery County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gaithersburg, Maryland

There are 23 low income housing apartment communities offering 2,016 affordable apartments for rent in Gaithersburg, Maryland.

Income Based Apartments in Gaithersburg, Maryland

Gaithersburg features 624 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 Gaithersburg, Maryland

There are 1,252 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gaithersburg.

Housing Choice Vouchers in Gaithersburg, Maryland

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gaithersburg, Maryland for a two-bedroom apartment is between $1,536 and $1,878.

2020 Gaithersburg, Maryland Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $1,457 $1,500 $1,707 $2,215 $2,707
Payment Standard Range $1,311 to $1,603 $1,350 to $1,650 $1,536 to $1,878 $1,994 to $2,437 $2,436 to $2,978

Sourced from federal housing data and AffordableHousingOnline.com research.

Gaithersburg, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 2,016
Total Housing Units with Rental Assistance 624
Percentage of Housing Units Occupied By Renters 45.46%
Average Renter Household Size 2.68
Average Household Size 2.74
Median Household Income $80,734 ±$3,551
Median Rent $1,543 ±$49
Percentage Of Renters Overburdened 50.3% ± 4.47pp
Total Population 64,945

Population and Household Demographics

Gaithersburg is a city in Montgomery County, Maryland with a population of 64,945. There are 23,550 households in the city with an average household size of 2.74 persons. 45.46% of households in Gaithersburg are renters.

Income and Rent Overburden in Gaithersburg

The median gross income for households in Gaithersburg is $80,734 a year, or $6,728 a month. The median rent for the city is $1,543 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gaithersburg, a household making less than $5,143 a month would be considered overburdened when renting an apartment at or above the median rent. 50.3% of households who rent are overburdened in Gaithersburg.

Area Median Income In Gaithersburg

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Gaithersburg, the AMI is calculated from all households within Montgomery County.

In Gaithersburg, HUD calculates the Area Median Income for a family of four as $126,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Gaithersburg

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Gaithersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,500 $30,250 $34,050 $37,800 $40,850 $43,850 $46,900 $49,900
50% of Median $44,100 $50,400 $56,700 $63,000 $68,050 $73,100 $78,150 $83,200
80% of Median $55,750 $63,700 $71,650 $79,600 $86,000 $92,350 $98,750 $105,100