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

Discover affordable housing in Portland where there are 10+ 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.

Portland II - Country Place

995 Boundary Pike, Portland, Indiana 47371

Portland I - Country Place

101 S. Pierce, Portland, Indiana 47371

Country Pl Prtlnd II

985 Boundary Pike, Portland, Indiana 47371

Maple Heights Apartments Kathy Richards Mgmt

701 S Western Ave, Portland, Indiana 47371

Portland Place Senior Housing

430 W Lafayette St, Portland, Indiana 47371

Wind Rush Apartments

997 Boundary Pike, Portland, Indiana 47371

Portland Elderly Housing, L.P.

401 Canterbury Lane, Portland, Indiana 47371

Piedmont Apartments

778 W 7th St, Portland, Indiana 47371

Orchard Apts Portland Homes

600 S. Meridian St., Portland, Indiana

Cntry Pl Portland I

101 S Pierce St, Portland, Indiana

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

What HUD offices serve Portland, 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 Portland, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Portland, Indiana.

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

How many renters live in Portland, Indiana?

The City of Portland has 6,432 people living in 2,710 households.

There are 2,364 renters living in 901 renter households in this City. Renters make up 36.75 percent of the population living in Portland.

What is the rental market like in Portland, Indiana?

There are an estimated 3,062 housing units in the Portland area. Of these, 1,025 units are rental homes, making up 33 percent of the housing market. For every renter household in Portland, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Portland?

The rental vacancy rate in Portland is 12 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 Portland for each bedroom size?

Occupied Rental Units by Size in Portland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 238 370 173 67
Occupied Rental Units by Size in Portland

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

Among renter households in this market, 37 percent have housing cost burden. Further, 16 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 Portland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $611 to $1,149. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $611
One BR $657
Two BR $863
Three BR $1,109
Four BR $1,149
2024 Fair Market Rents in Portland, Indiana

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

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 10 45 percent
One BR 159 67 percent
Two BR 213 58 percent
Rental Units Below FMR in Portland, Indiana

How many affordable rental units are in Portland?

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

Federal Program Unit Count
Low Income Housing Tax Credit 98
Section 8 Project-Based Rental Assistance 36
USDA Section 515 Rural Rental Housing 119
Tracked Units by Federal Program in Portland, Indiana

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

Income Based Apartments in Portland, Indiana

Portland features 215 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 Portland, Indiana

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portland.

Housing Choice Vouchers in Portland, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.