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Affordable Housing In Silver Spring
Montgomery County, Maryland

57 Low Income Apartment Communities In Silver Spring

Victory Forest

10000 Brunswick Ave
Silver Spring, Maryland
$596-739
1 BR
Subsidized
62+

Montgomery Arms

8615 Fenton St
Silver Spring, Maryland
$1,058-1,327
Studio-2 BR

Argent Apartments

1200 Blair Mill Rd
Silver Spring, Maryland
Call For Rent
Studio-3 BR
Accepts Vouchers

Snowden's Ridge

2105 Harlequin Terrace
Silver Spring, Maryland
Call For Rent
1-3 BR
Subsidized

The Barrington Apartments

1970 Rosemary Hills Dr
Silver Spring, Maryland
Call For Rent
1-3 BR
Subsidized

The Oaks At Four Corners

321 University Blvd W
Silver Spring, Maryland
Call For Rent
1-2 BR

The Sanctuary a Mount Jezreel

426 University Boulevard East
Silver Spring, Maryland
Call For Rent
1-2 BR
Accepts Vouchers
62+

Park Montgomery

8860 Piney Branch Rd
Silver Spring, Maryland
Income Based
1-3 BR
Accepts Vouchers

Manor at Colesville

601 East Randolph Road
Silver Spring, Maryland
$833-1,472
1-2 BR
62+
Accepts Vouchers

University Manor Apartments

820 University Blvd E
Silver Spring, Maryland
$1,150-1,394
1-2 BR
Accepts Vouchers

Housing Authorities that serve Silver Spring

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

Guide To Affordable Housing in Silver Spring, Maryland

There are 57 low income housing apartment communities offering 6,304 affordable apartments for rent in Silver Spring, Maryland.

Income Based Apartments in Silver Spring, Maryland

Silver Spring features 2,481 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 Silver Spring, Maryland

There are 3,703 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silver Spring.

Housing Choice Vouchers in Silver Spring, Maryland

On average, Section 8 Housing Choice vouchers pay Silver Spring landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Silver Spring.

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

2020 Silver Spring, 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.

Silver Spring, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 57
Total Low Income Apartments 6,304
Total Housing Units with Rental Assistance 2,481
Percentage of Housing Units Occupied By Renters 62.99%
Average Renter Household Size 2.35
Average Household Size 2.51
Median Household Income $72,887 ±$2,751
Median Rent $1,474 ±$23
Percentage Of Renters Overburdened 50.46% ± 3.59pp
Total Population 77,460

Population and Household Demographics

Silver Spring is a city in Montgomery County, Maryland with a population of 77,460. There are 30,684 households in the city with an average household size of 2.51 persons. 62.99% of households in Silver Spring are renters.

Income and Rent Overburden in Silver Spring

The median gross income for households in Silver Spring is $72,887 a year, or $6,074 a month. The median rent for the city is $1,474 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Silver Spring, a household making less than $4,913 a month would be considered overburdened when renting an apartment at or above the median rent. 50.46% of households who rent are overburdened in Silver Spring.

Area Median Income In Silver Spring

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 Silver Spring, the AMI is calculated from all households within Montgomery County.

In Silver Spring, 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 Silver Spring

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 Silver Spring

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