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

Discover affordable housing in Gaithersburg where there are 25+ 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.

Air Park Apartments

8500 Snouffer School Rd, Gaithersburg, Maryland 20879

Willow Apartments

405 W Diamond Ave, Gaithersburg, Maryland 20877

Seneca Heights Apartments

18715 N Frederick Ave, Gaithersburg, Maryland 20879

Mhlp X

231 E Deer Park Dr, Gaithersburg, Maryland 20877

Hillside Senior Apartment Homes

200 Skidmore Blvd., Gaithersburg, Maryland 20877

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 Gaithersburg, 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 Gaithersburg, Maryland Affordable Housing ↓

What HUD offices serve Gaithersburg, 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 Gaithersburg, Maryland.

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

How many renters live in Gaithersburg, Maryland?

The City of Gaithersburg has 68,952 people living in 24,523 households.

There are 31,930 renters living in 11,966 renter households in this City. Renters make up 46.31 percent of the population living in Gaithersburg.

What is the rental market like in Gaithersburg, Maryland?

There are an estimated 27,203 housing units in the Gaithersburg area. Of these, 13,303 units are rental homes, making up 49 percent of the housing market. For every renter household in Gaithersburg, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Gaithersburg?

The rental vacancy rate in Gaithersburg is 4 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 Gaithersburg for each bedroom size?

Occupied Rental Units by Size in Gaithersburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,097 3,745 5,154 2,308 227
Occupied Rental Units by Size in Gaithersburg

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

Among renter households in this market, 48 percent have housing cost burden. Further, 24 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 Gaithersburg

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 Gaithersburg, Maryland

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

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 374 34 percent
One BR 1,245 33 percent
Two BR 464 9 percent
Rental Units Below FMR in Gaithersburg, Maryland

How many affordable rental units are in Gaithersburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 753
Section 8 Project-Based Rental Assistance 170
Section 811 Supportive Housing for Persons with Disabilities 10
Tracked Units by Federal Program in Gaithersburg, Maryland

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

Income Based Apartments in Gaithersburg, Maryland

Gaithersburg features 732 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 1,223 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 $1,841 and $2,250.

Sourced from federal housing data and AffordableHousingOnline.com research.