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

Discover affordable housing in Corydon where there are 7+ 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.

Village Apartments of Corydon I & II

1240 Regina Ln NW, Corydon, Indiana 47112

Autumn Ridge

156 Autumn Ridge Dr NW, Corydon, Indiana 47112

Corydon School Senior Lofts

600 Chestnut Street Corydon, IN 47112, Corydon, Indiana 47112

Capitol Apartments

860 Pflanz Dr, Corydon, Indiana 47112

Capital Court

785 Regina Ln NW, Corydon, Indiana 47112

Two - Sixty - Five Apartments

261 McGrain St, Corydon, Indiana 47112

60, 80, 90 Cruse Loop

60 Cruse Loop SE, Corydon, Indiana 47112

calendar_today Opened: Jul 26
Open Until Further Notice

Reported On January 23rd, 2024 by Ayat Elkarib

calendar_today Opened: Jan 15
Open Until Further Notice

Reported On January 15th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Corydon, Indiana
$24.64/hour
$17.39 (+240%) more than Indiana minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Corydon, Indiana Affordable Housing ↓

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

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

How many renters live in Corydon, Indiana?

The City of Corydon has 3,153 people living in 1,315 households.

There are 928 renters living in 493 renter households in this City. Renters make up 29.43 percent of the population living in Corydon.

What is the rental market like in Corydon, Indiana?

There are an estimated 1,703 housing units in the Corydon area. Of these, 668 units are rental homes, making up 39 percent of the housing market. For every renter household in Corydon, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Corydon?

The rental vacancy rate in Corydon is 13 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 Corydon for each bedroom size?

Occupied Rental Units by Size in Corydon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 102 320 14 22
Occupied Rental Units by Size in Corydon

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

Among renter households in this market, 14 percent have housing cost burden. Further, 3 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 Corydon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,077
Two BR $1,301
Three BR $1,701
Four BR $1,955
2024 Fair Market Rents in Corydon, Indiana

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

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 70 69 percent
Two BR 269 84 percent
Rental Units Below FMR in Corydon, Indiana

How many affordable rental units are in Corydon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 30
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Corydon, Indiana

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

Income Based Apartments in Corydon, Indiana

Corydon features 74 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 Corydon, Indiana

There are 99 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corydon.

Housing Choice Vouchers in Corydon, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Corydon, Indiana for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.