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

Discover affordable housing in Grandview where there are 1+ 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.

Spencer Village Apartments

1010 W 3rd St, Grandview, Indiana 47615

calendar_today Opened: Jan 15
Open Until Further Notice

Reported On January 15th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grandview, 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 Grandview, Indiana Affordable Housing ↓

What HUD offices serve Grandview, 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 Grandview, Indiana.

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

How many renters live in Grandview, Indiana?

The City of Grandview has 734 people living in 285 households.

There are 148 renters living in 77 renter households in this City. Renters make up 20.16 percent of the population living in Grandview.

What is the rental market like in Grandview, Indiana?

There are an estimated 289 housing units in the Grandview area. Of these, 77 units are rental homes, making up 27 percent of the housing market. For every renter household in Grandview, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Grandview?

The rental vacancy rate in Grandview is 0 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 Grandview for each bedroom size?

Occupied Rental Units by Size in Grandview
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 32 23 0
Occupied Rental Units by Size in Grandview

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

Among renter households in this market, 47 percent have housing cost burden. Further, 19 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 Grandview

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $585 to $1,407. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $585
One BR $657
Two BR $863
Three BR $1,184
Four BR $1,407
2024 Fair Market Rents in Grandview, Indiana

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

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 20 91 percent
Two BR 11 34 percent
Rental Units Below FMR in Grandview, Indiana

How many affordable rental units are in Grandview?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Grandview, Indiana

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

Income Based Apartments in Grandview, Indiana

Grandview features 24 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 Grandview, Indiana

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

Housing Choice Vouchers in Grandview, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.