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

Discover affordable housing in Malden where there are 31+ 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.

Heritage The

195 Pleasant St, Malden, Massachusetts 02148

Suffolk Manor

312 Bryant St, Malden, Massachusetts 02148

Monsigneur Neagle Apartments

350 Charles St, Malden, Massachusetts 02148

Triangle House

146 Lawrence St, Malden, Massachusetts 02148

Bowdoin Apartments

18 Bowdoin St, Malden, Massachusetts 02148

bed 1-3

Atria Maplewood Place

305 Broadway, Malden, Massachusetts 02148

bed Studio-2

63 Crescent Ln

63 Crescent Ln, Malden, Massachusetts 02148

bed 1
payment $1200/mo.

17 Washington St.

17 Washington St, Malden, Massachusetts 02148

bed 2
payment $2375/mo.

200 Mountain Ave Unit 51

200 Mountain Ave Unit 51, Malden, Massachusetts 02148

bed 1
payment $2200/mo.

525 Highland Ave.

525 Highland Ave, Malden, Massachusetts 02148

bed 2
payment $2450/mo.

17 Washington St.

17 Washington St, Malden, Massachusetts 02148

bed Studio
payment $1700/mo.

101 Summer St.

101 Summer St, Malden, Massachusetts 02148

bed Studio
payment $1800/mo.

137 Oakland St.

137 Oakland St, Malden, Massachusetts 02148

bed 2
payment $2500/mo.

172 Maple St.

172 Maple St, Malden, Massachusetts 02148

bed 2
payment $2500/mo.

92 Maple St.

92 Maple St, Malden, Massachusetts 02148

bed 2
payment $2300/mo.

172 Maple St.

172 Maple St, Malden, Massachusetts 02148

bed Studio
payment $2000/mo.

15 Playstead Rd.

15 Playstead Rd, Malden, Massachusetts 02148

bed 4
payment $3700/mo.

101 Summer St.

101 Summer St, Malden, Massachusetts 02148

bed Studio
payment $1900/mo.

525 Highland Ave.

525 Highland Ave, Malden, Massachusetts 02148

bed 2
payment $2450/mo.

Pleasant Plaza

36 Dartmouth St, Malden, Massachusetts 02148

How To Identify Affordable Housing in Malden, Massachusetts

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
calendar_today Opened: Feb 1
Open Until Further Notice

Reported On May 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 Malden, Massachusetts
$38.54 (+257%) more than Massachusetts minimum wage and $46.29 (+639%) more than the Federal minimum wage.
Learn More About Malden, Massachusetts Affordable Housing ↓

What HUD offices serve 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.

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

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

How many renters live in Malden, Massachusetts?

The City of Malden has 64,718 people living in 25,834 households.

There are 29,564 renters living in 13,651 renter households in this City. Renters make up 45.68 percent of the population living in Malden.

What is the rental market like in Malden, Massachusetts?

There are an estimated 27,708 housing units in the Malden area. Of these, 15,349 units are rental homes, making up 55 percent of the housing market. For every renter household in Malden, Massachusetts, there are 1 rental units.

What is the vacancy rate for rentals in Malden?

The rental vacancy rate in Malden 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 Malden for each bedroom size?

Occupied Rental Units by Size in Malden
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,042 5,548 5,106 2,384 476
Occupied Rental Units by Size in Malden

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

Among renter households in this market, 51 percent have housing cost burden. Further, 22 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 Malden

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 Malden, Massachusetts

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

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 376 36 percent
One BR 1,716 31 percent
Two BR 426 8 percent
Rental Units Below FMR in Malden, Massachusetts

How many affordable rental units are in Malden?

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

Federal Program Unit Count
Low Income Housing Tax Credit 489
Public Housing 1,185
Section 8 Project-Based Rental Assistance 234
Section 202 Supportive Housing for the Elderly 75
Tracked Units by Federal Program in Malden, Massachusetts

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

Income Based Apartments in Malden, Massachusetts

Malden features 1,833 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 228 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 $2,544 and $3,110.

Sourced from federal housing data and AffordableHousingOnline.com research.