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

Discover affordable housing in Salem 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.

Meadow Dell Apartments

110 Meadow Dell Avenue, Salem, Indiana 46167

Parkview Apartments

817 Parkview Dr, Salem, Indiana 47167

Maple Leaf Apartments

804 W Market St, Salem, Indiana 47167

Grandview Manor North

508 Grandview Dr, Salem, Indiana 47167

Grandview Manor South

509 Grandview Dr, Salem, Indiana 47167

New Horizon Apartments Hoosier Uplands

905 Aspen Dr, Salem, Indiana 47167

Aspen Meadows II

1017 Aspen Dr, Salem, Indiana 47167

Sycamore Hills CO Landmark Management

505 Florence St, Salem, Indiana 47167

1011 Aspen Street

1011 Aspen Dr, Salem, Indiana 47167

North Cauble Street

N Cauble St, Salem, Indiana 47167

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 Salem, Indiana
$18.73/hour
$11.48 (+158%) more than Indiana minimum wage and $11.48 (+158%) more than the Federal minimum wage.
Learn More About Salem, Indiana Affordable Housing ↓

What HUD offices serve Salem, 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 Salem, Indiana.

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

How many renters live in Salem, Indiana?

The City of Salem has 6,330 people living in 2,577 households.

There are 1,825 renters living in 786 renter households in this City. Renters make up 28.83 percent of the population living in Salem.

What is the rental market like in Salem, Indiana?

There are an estimated 2,693 housing units in the Salem area. Of these, 786 units are rental homes, making up 29 percent of the housing market. For every renter household in Salem, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Salem?

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

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
39 251 295 192 9
Occupied Rental Units by Size in Salem

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

Among renter households in this market, 49 percent have housing cost burden. Further, 26 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 Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,317. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $745
One BR $753
Two BR $989
Three BR $1,236
Four BR $1,317
2024 Fair Market Rents in Salem, Indiana

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

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 39 100 percent
One BR 220 88 percent
Two BR 250 85 percent
Rental Units Below FMR in Salem, Indiana

How many affordable rental units are in Salem?

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

Federal Program Unit Count
Low Income Housing Tax Credit 126
Section 8 Project-Based Rental Assistance 49
USDA Section 515 Rural Rental Housing 134
Tracked Units by Federal Program in Salem, Indiana

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

Income Based Apartments in Salem, Indiana

Salem features 224 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 Salem, Indiana

There are 119 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, Indiana for a two-bedroom apartment is between $890 and $1,088.

Sourced from federal housing data and AffordableHousingOnline.com research.