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

Discover affordable housing in Newburgh 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.

Springview II

4166 Bell Rd, Newburgh, Indiana 47630

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 Newburgh, Indiana
$20.27/hour
$13.02 (+180%) more than Indiana minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Newburgh, Indiana Affordable Housing ↓

What HUD offices serve Newburgh, 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 Newburgh, Indiana.

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

How many renters live in Newburgh, Indiana?

The City of Newburgh has 3,350 people living in 1,593 households.

There are 705 renters living in 282 renter households in this City. Renters make up 21.04 percent of the population living in Newburgh.

What is the rental market like in Newburgh, Indiana?

There are an estimated 1,731 housing units in the Newburgh area. Of these, 333 units are rental homes, making up 19 percent of the housing market. For every renter household in Newburgh, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Newburgh?

The rental vacancy rate in Newburgh is 15 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 Newburgh for each bedroom size?

Occupied Rental Units by Size in Newburgh
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 61 191 0
Occupied Rental Units by Size in Newburgh

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

Among renter households in this market, 17 percent have housing cost burden. Further, 9 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 Newburgh

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $850
Two BR $1,070
Three BR $1,360
Four BR $1,558
2024 Fair Market Rents in Newburgh, Indiana

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

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 30 100 percent
Two BR 33 54 percent
Rental Units Below FMR in Newburgh, Indiana

How many affordable rental units are in Newburgh?

Income Based Apartments in Newburgh, Indiana

Newburgh features 0 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 Newburgh, Indiana

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newburgh.

Housing Choice Vouchers in Newburgh, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Newburgh, Indiana for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.