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

Discover affordable housing in Methuen where there are 9+ 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.

Nevins Manor

110 Broadway, Methuen, Massachusetts 01844

Park Gardens

12 Burnham Rd, Methuen, Massachusetts 01844

Davis Road

60 Davis Rd, Methuen, Massachusetts 01844

Cedars Home II

222 Pelham St, Methuen, Massachusetts 01844

Mill Falls

51 Osgood Street, Methuen, Massachusetts 01844

254 Broadway

254 Broadway St., Methuen, Massachusetts 01844

Merrimack Valley Apartments

20 Calumet Rd, Methuen, Massachusetts 01844

Methuen Family Housing - Jade Street

25 Jade St, Methuen, Massachusetts 01844

Phillips and Tenney

2 Phillips St, Methuen, Massachusetts 01844

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 Methuen, Massachusetts
$36.31/hour
$21.31 (+142%) more than Massachusetts minimum wage and $29.06 (+401%) more than the Federal minimum wage.
Learn More About Methuen, Massachusetts Affordable Housing ↓

What HUD offices serve Methuen, 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 Methuen, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work programs for Methuen, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Methuen, Massachusetts.

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

How many renters live in Methuen, Massachusetts?

The City of Methuen has 52,812 people living in 19,043 households.

There are 11,472 renters living in 4,951 renter households in this City. Renters make up 21.72 percent of the population living in Methuen.

What is the rental market like in Methuen, Massachusetts?

There are an estimated 19,856 housing units in the Methuen area. Of these, 5,146 units are rental homes, making up 26 percent of the housing market. For every renter household in Methuen, Massachusetts, there are 1 rental units.

What is the vacancy rate for rentals in Methuen?

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

Occupied Rental Units by Size in Methuen
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
269 1,372 2,068 922 231
Occupied Rental Units by Size in Methuen

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

Among renter households in this market, 59 percent have housing cost burden. Further, 32 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 Methuen

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,299 to $2,553. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,299
One BR $1,483
Two BR $1,917
Three BR $2,329
Four BR $2,553
2024 Fair Market Rents in Methuen, Massachusetts

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

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 204 76 percent
One BR 1,111 81 percent
Two BR 782 38 percent
Rental Units Below FMR in Methuen, Massachusetts

How many affordable rental units are in Methuen?

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

Federal Program Unit Count
Low Income Housing Tax Credit 52
Public Housing 42
Section 8 Project-Based Rental Assistance 263
Section 202 Supportive Housing for the Elderly 75
Section 811 Supportive Housing for Persons with Disabilities 4
Tracked Units by Federal Program in Methuen, Massachusetts

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

Income Based Apartments in Methuen, Massachusetts

Methuen features 321 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 Methuen, Massachusetts

There are 149 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Methuen.

Housing Choice Vouchers in Methuen, Massachusetts

On average, Section 8 Housing Choice vouchers pay Methuen landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Methuen.

The maximum amount a voucher would pay on behalf of a low-income tenant in Methuen, Massachusetts for a two-bedroom apartment is between $1,725 and $2,109.

Sourced from federal housing data and AffordableHousingOnline.com research.