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

Discover affordable housing in Topeka where there are 2+ 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.

Topeka Trace Apartments

325 North St, Topeka, Indiana 46571

Lake Bei Der Bank Pk Housing & Mgt Co

214 Morrow Avenue, Topeka, Indiana

calendar_today Opened: Nov 14
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 Topeka, 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 Topeka, Indiana Affordable Housing ↓

What HUD offices serve Topeka, 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 Topeka, Indiana.

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

How many renters live in Topeka, Indiana?

The City of Topeka has 1,132 people living in 382 households.

There are 398 renters living in 139 renter households in this City. Renters make up 35.16 percent of the population living in Topeka.

What is the rental market like in Topeka, Indiana?

There are an estimated 430 housing units in the Topeka area. Of these, 148 units are rental homes, making up 34 percent of the housing market. For every renter household in Topeka, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Topeka?

The rental vacancy rate in Topeka is 6 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 Topeka for each bedroom size?

Occupied Rental Units by Size in Topeka
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 23 83 27 6
Occupied Rental Units by Size in Topeka

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

Among renter households in this market, 11 percent have housing cost burden. Further, 0 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 Topeka

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,149. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $652
One BR $657
Two BR $863
Three BR $1,139
Four BR $1,149
2024 Fair Market Rents in Topeka, Indiana

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

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 14 61 percent
Two BR 32 39 percent
Rental Units Below FMR in Topeka, Indiana

How many affordable rental units are in Topeka?

Income Based Apartments in Topeka, Indiana

Topeka features 50 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 Topeka, Indiana

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

Housing Choice Vouchers in Topeka, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.