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

Discover affordable housing in Plainville 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.

Plainville Hsg

Third Street, Plainville, Indiana

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Plainville, Indiana
$16.63/hour
$9.38 (+129%) more than Indiana minimum wage and $9.38 (+129%) more than the Federal minimum wage.
Learn More About Plainville, Indiana Affordable Housing ↓

What HUD offices serve Plainville, 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 Plainville, Indiana.

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

How many renters live in Plainville, Indiana?

The City of Plainville has 442 people living in 185 households.

There are 179 renters living in 79 renter households in this City. Renters make up 40.5 percent of the population living in Plainville.

What is the rental market like in Plainville, Indiana?

There are an estimated 196 housing units in the Plainville area. Of these, 79 units are rental homes, making up 40 percent of the housing market. For every renter household in Plainville, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Plainville?

The rental vacancy rate in Plainville 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 Plainville for each bedroom size?

Occupied Rental Units by Size in Plainville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 9 24 42 0
Occupied Rental Units by Size in Plainville

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

Among renter households in this market, 39 percent have housing cost burden. Further, 14 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 Plainville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,169. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $669
One BR $673
Two BR $878
Three BR $1,088
Four BR $1,169
2024 Fair Market Rents in Plainville, Indiana

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

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
Studio 3 75 percent
One BR 6 67 percent
Two BR 18 75 percent
Rental Units Below FMR in Plainville, Indiana

How many affordable rental units are in Plainville?

Income Based Apartments in Plainville, Indiana

Plainville features 18 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 Plainville, Indiana

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

Housing Choice Vouchers in Plainville, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Plainville, Indiana for a two-bedroom apartment is between $790 and $966.

Sourced from federal housing data and AffordableHousingOnline.com research.