Low Income Apartments and Affordable Housing For Rent in Lexington Park, MD

Discover affordable housing in Lexington Park where there are 15+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington Park, Maryland
$33.24/hour
$18.24 (+122%) more than Maryland minimum wage and $25.99 (+358%) more than the Federal minimum wage.
Learn More About Lexington Park, Maryland Affordable Housing ↓

How many renters live in Lexington Park, Maryland?

The City of Lexington Park has 13,537 people living in 5,732 households.

There are 6,918 renters living in 3,143 renter households in this City. Renters make up 51.1 percent of the population living in Lexington Park.

What is the rental market like in Lexington Park, Maryland?

There are an estimated 6,244 housing units in the Lexington Park area. Of these, 3,459 units are rental homes, making up 55 percent of the housing market. For every renter household in Lexington Park, Maryland, there are 1 rental units.

What is the vacancy rate for rentals in Lexington Park?

The rental vacancy rate in Lexington Park is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Lexington Park for each bedroom size?

Occupied Rental Units by Size in Lexington Park
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
87 437 1,426 914 147
Occupied Rental Units by Size in Lexington Park

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

Among renter households in this market, 42 percent have housing cost burden. Further, 26 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 Lexington Park

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,470 to $2,662. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,470
One BR $1,492
Two BR $1,755
Three BR $2,277
Four BR $2,662
2024 Fair Market Rents in Lexington Park, Maryland

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

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 47 54 percent
One BR 211 48 percent
Two BR 395 28 percent
Rental Units Below FMR in Lexington Park, Maryland

How many affordable rental units are in Lexington Park?

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

Federal Program Unit Count
Low Income Housing Tax Credit 635
USDA Section 515 Rural Rental Housing 74
Tracked Units by Federal Program in Lexington Park, Maryland

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

Income Based Apartments in Lexington Park, Maryland

Lexington Park features 246 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 Lexington Park, Maryland

There are 866 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington Park.

Housing Choice Vouchers in Lexington Park, Maryland

On average, Section 8 Housing Choice vouchers pay Lexington Park landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Lexington Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington Park, Maryland for a two-bedroom apartment is between $1,580 and $1,931.

Sourced from federal housing data and AffordableHousingOnline.com research.