Low Income Apartments For Rent in Maynard, MA

Rental assistance programs support 94 low-income homes in Maynard where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $440 towards rent each month.

Affordable rent data for some communities last confirmed on June 24th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Maynard, 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
Maynard Housing Authority	Public Housing
Executive Office of Housing and Livable Communities	Section 8 Housing Choice Voucher (HCV); Moving to Work

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

Maynard, Massachusetts Affordable Housing Data

Income Based Apartments in Maynard, Massachusetts

Maynard features 94 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 Maynard, Massachusetts

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maynard.

Housing Choice Vouchers in Maynard, Massachusetts

On average, Section 8 Housing Choice vouchers pay Maynard landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Maynard.

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

2024 Maynard, 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
Maynard, Massachusetts Fair Market Rent	$2,212	$2,377	$2,827	$3,418	$3,765
Maynard, Massachusetts Payment Standard Range	$1,991 to $2,433	$2,139 to $2,615	$2,544 to $3,110	$3,076 to $3,760	$3,389 to $4,142

Sourced from federal housing data and AffordableHousingOnline.com research.

Maynard, MA Affordable Housing Snapshot

Total Affordable Apartment Properties 6

Total Low Income Apartments 265

Total Housing Units with Rental Assistance 94

Percentage of Housing Units Occupied By Renters 30.91%

Average Renter Household Size 2.02

Average Household Size 2.44

Median Household Income $88,333 ±$10,561

Median Rent $1,080 ±$89

Percentage Of Renters Overburdened 48.64% ± 13.64pp

Total Population 10,459

Total Affordable Apartment Properties	6
Total Low Income Apartments	265
Total Housing Units with Rental Assistance	94
Percentage of Housing Units Occupied By Renters	30.91%
Average Renter Household Size	2.02
Average Household Size	2.44
Median Household Income	$88,333 ±$10,561
Median Rent	$1,080 ±$89
Percentage Of Renters Overburdened	48.64% ± 13.64pp
Total Population	10,459

Population and Household Demographics

Maynard is a city in Middlesex County, Massachusetts with a population of 10,459. There are 4,284 households in the city with an average household size of 2.44 persons. 30.91% of households in Maynard are renters.

Income and Rent Overburden in Maynard

The median gross income for households in Maynard is $88,333 a year, or $7,361 a month. The median rent for the city is $1,080 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Maynard, a household making less than $3,600 a month would be considered overburdened when renting an apartment at or above the median rent. 48.64% of households who rent are overburdened in Maynard.

Area Median Income In Maynard

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

In Maynard, 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 Maynard

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 Maynard

	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 Maynard 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 Maynard 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 Maynard 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