Low Income Apartments and Affordable Housing For Rent in Geneva, IN

Discover affordable housing in Geneva where there are 3+ 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.

Limberlost Apartments

556 Bristol Dr, Geneva, Indiana 46740

Limberlost II Apartments

455 Bristol Drive, Geneva, Indiana 46740

Geneva Shores Apartments

295 S Hale St, Geneva, Indiana 46740

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Geneva, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Geneva, Indiana Affordable Housing ↓

What HUD offices serve Geneva, Indiana?

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) programs for Geneva, Indiana.

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

How many renters live in Geneva, Indiana?

The City of Geneva has 1,282 people living in 558 households.

There are 364 renters living in 152 renter households in this City. Renters make up 28.39 percent of the population living in Geneva.

What is the rental market like in Geneva, Indiana?

There are an estimated 621 housing units in the Geneva area. Of these, 181 units are rental homes, making up 29 percent of the housing market. For every renter household in Geneva, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Geneva?

The rental vacancy rate in Geneva is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Geneva for each bedroom size?

Occupied Rental Units by Size in Geneva
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 83 26 14
Occupied Rental Units by Size in Geneva

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

Among renter households in this market, 24 percent have housing cost burden. Further, 8 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 Geneva

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,149. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $652
One BR $657
Two BR $863
Three BR $1,108
Four BR $1,149
2024 Fair Market Rents in Geneva, Indiana

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

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
One BR 23 79 percent
Two BR 74 89 percent
Rental Units Below FMR in Geneva, Indiana

How many affordable rental units are in Geneva?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 25
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in Geneva, Indiana

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

Income Based Apartments in Geneva, Indiana

Geneva features 100 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 Geneva, Indiana

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

Housing Choice Vouchers in Geneva, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Geneva, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.