Bowdoin Apartments

18 Bowdoin St
Malden, Massachusetts
Call For Rent
1-3 BR
Rent Assisted

Atria Maplewood Place

305 Broadway
Malden, Massachusetts
Call For Rent
Studio-2 BR

Salem Towers

280 Salem St
Malden, Massachusetts
Disabled Supportive Housing

Salem Street

630 Salem St
Malden, Massachusetts

Linden Apartments

64 Wescott St
Malden, Massachusetts
Showing Results 1-5

There are 305 low-income apartments in Malden that offer reduced rents to eligible households.

Rental assistance programs support 1,749 low-income homes in Malden where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $517 towards rent each month.

Affordable rent data for some communities last confirmed on June 24th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Malden, 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.

Housing Authority Programs
Malden Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Massachusetts Department of Housing and Community Development Section 8 Housing Choice Voucher (HCV); Moving to Work
Massachusetts Section 8 Housing Choice Voucher Centralized Waiting List Section 8 Housing Choice Voucher (HCV)
Go to the Massachusetts Public Housing and Low-Income Apartments Waiting Lists page for openings near Malden.

Malden, Massachusetts Affordable Housing Data

Income Based Apartments in Malden, Massachusetts

Malden features 1,749 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 Malden, Massachusetts

There are 305 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Malden.

Housing Choice Vouchers in Malden, Massachusetts

On average, Section 8 Housing Choice vouchers pay Malden landlords $1,200 per month towards rent. The average voucher holder contributes $500 towards rent in Malden.

The maximum amount a voucher would pay on behalf of a low-income tenant in Malden, Massachusetts for a two-bedroom apartment is between $2,372 and $2,899.

2023 Malden, Massachusetts 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
Malden, Massachusetts Fair Market Rent $2,025 $2,198 $2,635 $3,207 $3,540
Malden, Massachusetts Payment Standard Range $1,823 to $2,228 $1,978 to $2,418 $2,372 to $2,899 $2,886 to $3,528 $3,186 to $3,894

Sourced from federal housing data and research.

Malden, MA Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 2,054
Total Housing Units with Rental Assistance 1,749
Percentage of Housing Units Occupied By Renters 59.14%
Average Renter Household Size 2.42
Average Household Size 2.63
Median Household Income $54,896 ±$3,547
Median Rent $1,286 ±$39
Percentage Of Renters Overburdened 50.71% ± 4.68pp
Total Population 60,612

Population and Household Demographics

Malden is a city in Middlesex County, Massachusetts with a population of 60,612. There are 22,914 households in the city with an average household size of 2.63 persons. 59.14% of households in Malden are renters.

Income and Rent Overburden in Malden

The median gross income for households in Malden is $54,896 a year, or $4,575 a month. The median rent for the city is $1,286 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Malden, a household making less than $4,287 a month would be considered overburdened when renting an apartment at or above the median rent. 50.71% of households who rent are overburdened in Malden.

Area Median Income In Malden

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 Malden, the AMI is calculated from all households within Middlesex County.

In Malden, HUD calculates the Area Median Income for a family of four as $149,300

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 Malden

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 Malden

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Malden AMI may qualify for rental assistance programs that target Extremely Low Income households.
$31,150 $35,600 $40,050 $44,500 $48,100 $51,650 $55,200 $58,750
50% AMI Income Limits
Renters earning up to 50% of the Malden AMI may qualify for rental assistance programs that target Very Low Income households.
$51,950 $59,400 $66,800 $74,200 $80,150 $86,100 $92,050 $97,950
80% AMI Income Limits
Renters earning up to 80% of the Malden AMI may qualify for rental assistance programs that target Low Income households.
$82,950 $94,800 $106,650 $118,450 $127,950 $137,450 $146,900 $156,400