Low Income Apartments and Affordable Housing For Rent in Clay County, IN

Discover affordable housing in Clay County where there are 8+ 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.

Lamplight Manor of Brazil

650 E Pinkley St, Brazil, Indiana 47834

Fox Run Apartments

301 S Harmony Road, Center Point, Indiana 47840

Cunot Apartments

10601 Cunot Cataract Rd, Brazil, Indiana 47868

Village Apartments of Brazil

1011 S Forest Ave, Brazil, Indiana 47834

Davis Zeller Place

202 N Washington St, Brazil, Indiana 47834

Pines Apartments of Harmony

25 Voorhess Street, Harmony, Indiana

Cooper Towers

120 W Jackson St, Brazil, Indiana 47834

Jackson Gardens and Central West Village

122 W Jackson St, Brazil, Indiana 47834

calendar_today Opened: Sep 16
Open Until Further Notice

Reported On March 15th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Clay County, Indiana
$18.26/hour
$11.01 (+152%) more than Indiana minimum wage and $11.01 (+152%) more than the Federal minimum wage.
Learn More About Clay County, Indiana Affordable Housing ↓

What HUD offices serve Clay County, 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 Clay County, Indiana.

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

How many renters live in Clay County, Indiana?

The County of Clay County has 26,396 people living in 10,422 households.

There are 5,375 renters living in 2,334 renter households in this County. Renters make up 20.36 percent of the population living in Clay County.

What is the rental market like in Clay County, Indiana?

There are an estimated 11,651 housing units in the Clay County area. Of these, 2,493 units are rental homes, making up 21 percent of the housing market. For every renter household in Clay County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Clay County?

The rental vacancy rate in Clay County is 4 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 Clay County for each bedroom size?

Occupied Rental Units by Size in Clay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
62 447 1,058 652 71
Occupied Rental Units by Size in Clay County

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

Among renter households in this market, 31 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 Clay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $741 to $1,398. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $741
One BR $766
Two BR $964
Three BR $1,166
Four BR $1,398
2024 Fair Market Rents in Clay County, Indiana

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

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 0 100 percent
One BR 295 66 percent
Two BR 696 66 percent
Rental Units Below FMR in Clay County, Indiana

How many affordable rental units are in Clay County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 112
Public Housing 288
USDA Section 515 Rural Rental Housing 106
Tracked Units by Federal Program in Clay County, Indiana

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

Income Based Apartments in Clay County, Indiana

Clay County features 561 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 Clay County, Indiana

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

Housing Choice Vouchers in Clay County, Indiana

On average, Section 8 Housing Choice vouchers pay Clay County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Clay County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Clay County, Indiana for a two-bedroom apartment is between $868 and $1,060.

Sourced from federal housing data and AffordableHousingOnline.com research.