Low Income Apartments and Affordable Housing For Rent in Nantucket County, MA

Discover affordable housing in Nantucket County where there are 2+ 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.

Landmark House

144 Orange St, Nantucket, Massachusetts 02554

Miacomet Village

Norquarta Dr, Nantucket, Massachusetts 02554

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 Nantucket County, Massachusetts
$47.84/hour
$32.84 (+219%) more than Massachusetts minimum wage and $40.59 (+560%) more than the Federal minimum wage.
Learn More About Nantucket County, Massachusetts Affordable Housing ↓

What HUD offices serve Nantucket County, 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), Moving to Work programs for Nantucket County, Massachusetts.

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

How many renters live in Nantucket County, Massachusetts?

The County of Nantucket County has 14,065 people living in 4,659 households.

There are 4,339 renters living in 1,346 renter households in this County. Renters make up 30.85 percent of the population living in Nantucket County.

What is the rental market like in Nantucket County, Massachusetts?

There are an estimated 12,287 housing units in the Nantucket County area. Of these, 1,381 units are rental homes, making up 11 percent of the housing market. For every renter household in Nantucket County, Massachusetts, there are 1 rental units.

What is the vacancy rate for rentals in Nantucket County?

The rental vacancy rate in Nantucket County 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 Nantucket County for each bedroom size?

Occupied Rental Units by Size in Nantucket County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
146 375 315 223 162
Occupied Rental Units by Size in Nantucket County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 12 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 Nantucket County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,910 to $3,423. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,910
One BR $1,922
Two BR $2,526
Three BR $3,096
Four BR $3,423
2024 Fair Market Rents in Nantucket County, Massachusetts

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

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 44 30 percent
One BR 67 18 percent
Two BR 83 26 percent
Rental Units Below FMR in Nantucket County, Massachusetts

How many affordable rental units are in Nantucket County?

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

Federal Program Unit Count
Section 202 Supportive Housing for the Elderly 8
USDA Section 515 Rural Rental Housing 37
Tracked Units by Federal Program in Nantucket County, Massachusetts

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

Income Based Apartments in Nantucket County, Massachusetts

Nantucket County features 37 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 Nantucket County, Massachusetts

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nantucket County.

Housing Choice Vouchers in Nantucket County, Massachusetts

On average, Section 8 Housing Choice vouchers pay Nantucket County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Nantucket County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Nantucket County, Massachusetts for a two-bedroom apartment is between $2,273 and $2,779.

Sourced from federal housing data and AffordableHousingOnline.com research.