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

Discover affordable housing in Lebanon where there are 7+ 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.

Canterbury House Apartments - Lebanon

515 Dogwood Dr, Lebanon, Indiana 46052

Lebanon Manor

770 Maple Drive, Lebanon, Indiana 46052

Westmoor Apartments

110-120 Westmoor Drive, Lebanon, Indiana 46052

Memory Hall Senior Apartments

315 N. Lebanon Street, Lebanon, Indiana 46052

Stokes Commons

900 S Meridian St, Lebanon, Indiana 46052

Lebanon Pointe

721 Crown Pointe Dr, Lebanon, Indiana 46052

Ulen N Apartments

203 Lakeshore Dr, Lebanon, Indiana 46052

calendar_today Opened: Aug 1
Open Until Further Notice

Reported On January 29th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lebanon, Indiana
$25.55/hour
$18.30 (+252%) more than Indiana minimum wage and $18.30 (+252%) more than the Federal minimum wage.
Learn More About Lebanon, Indiana Affordable Housing ↓

What HUD offices serve Lebanon, 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 Lebanon, Indiana.

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

How many renters live in Lebanon, Indiana?

The City of Lebanon has 17,277 people living in 6,973 households.

There are 5,040 renters living in 2,194 renter households in this City. Renters make up 29.17 percent of the population living in Lebanon.

What is the rental market like in Lebanon, Indiana?

There are an estimated 7,401 housing units in the Lebanon area. Of these, 2,283 units are rental homes, making up 31 percent of the housing market. For every renter household in Lebanon, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Lebanon?

The rental vacancy rate in Lebanon is 4 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 Lebanon for each bedroom size?

Occupied Rental Units by Size in Lebanon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 630 894 564 67
Occupied Rental Units by Size in Lebanon

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

Among renter households in this market, 44 percent have housing cost burden. Further, 13 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 Lebanon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $982
One BR $1,145
Two BR $1,349
Three BR $1,758
Four BR $2,126
2024 Fair Market Rents in Lebanon, Indiana

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

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 581 92 percent
Two BR 808 90 percent
Rental Units Below FMR in Lebanon, Indiana

How many affordable rental units are in Lebanon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 375
Section 8 Project-Based Rental Assistance 78
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Lebanon, Indiana

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

Income Based Apartments in Lebanon, Indiana

Lebanon features 194 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 Lebanon, Indiana

There are 283 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.

Housing Choice Vouchers in Lebanon, Indiana

On average, Section 8 Housing Choice vouchers pay Lebanon landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lebanon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lebanon, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.