Low Income Apartments and Affordable Housing For Rent in Lexington, MA

Discover affordable housing in Lexington where there are 3+ 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.

Douglas House

7 Oakland St, Lexington, Massachusetts 02420

Katahdin Woods

11 Katahdin Dr, Lexington, Massachusetts 02421

Lexington Ha

2 Countryside Vlg, Lexington, Massachusetts 02420

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Jan 6
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, Massachusetts
$53.54/hour
$38.54 (+257%) more than Massachusetts minimum wage and $46.29 (+639%) more than the Federal minimum wage.
Learn More About Lexington, Massachusetts Affordable Housing ↓

What HUD offices serve Lexington, Massachusetts?

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 Lexington, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work programs for Lexington, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lexington, Massachusetts.

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

How many renters live in Lexington, Massachusetts?

The City of Lexington has 34,221 people living in 12,385 households.

There are 4,902 renters living in 2,146 renter households in this City. Renters make up 14.32 percent of the population living in Lexington.

What is the rental market like in Lexington, Massachusetts?

There are an estimated 12,727 housing units in the Lexington area. Of these, 2,223 units are rental homes, making up 17 percent of the housing market. For every renter household in Lexington, Massachusetts, there are 1 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington is 3 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
82 593 845 351 236
Occupied Rental Units by Size in Lexington

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

Among renter households in this market, 43 percent have housing cost burden. Further, 27 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

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,212 to $3,765. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,212
One BR $2,377
Two BR $2,827
Three BR $3,418
Four BR $3,765
2024 Fair Market Rents in Lexington, Massachusetts

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

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 45 55 percent
One BR 259 44 percent
Two BR 143 17 percent
Rental Units Below FMR in Lexington, Massachusetts

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 37
Public Housing 77
Section 811 Supportive Housing for Persons with Disabilities 9
Tracked Units by Federal Program in Lexington, Massachusetts

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

Income Based Apartments in Lexington, Massachusetts

Lexington features 86 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, Massachusetts

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Massachusetts

On average, Section 8 Housing Choice vouchers pay Lexington landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.

Sourced from federal housing data and AffordableHousingOnline.com research.