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

Discover affordable housing in Danville where there are 6+ 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.

Crosswinds at Tradition Lane

1800 Bent Creek Way, Danville, Indiana 46122

Danbury Pointe Apartments

46 Danbury Court, Danville, Indiana 46122

Lakeview Place

1570 E Main St, Danville, Indiana 46122

East Main Apartments

3212 E Main St, Danville, Indiana 46122

Meadow Manor Apartments I

276 Meadowbank Rd, Danville, Indiana 46122

3389 East Main Street

3389 E Main St, Danville, Indiana 46122

calendar_today Opened: Aug 1
Open Until Further Notice

Reported On January 29th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Danville, Indiana
$25.55/hour
$18.30 (+252%) more than Indiana minimum wage and $18.30 (+252%) more than the Federal minimum wage.
Learn More About Danville, Indiana Affordable Housing ↓

What HUD offices serve Danville, 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 Danville, Indiana.

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

How many renters live in Danville, Indiana?

The City of Danville has 10,842 people living in 4,008 households.

There are 2,836 renters living in 1,179 renter households in this City. Renters make up 26.16 percent of the population living in Danville.

What is the rental market like in Danville, Indiana?

There are an estimated 4,155 housing units in the Danville area. Of these, 1,204 units are rental homes, making up 29 percent of the housing market. For every renter household in Danville, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Danville?

The rental vacancy rate in Danville is 2 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 Danville for each bedroom size?

Occupied Rental Units by Size in Danville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
55 133 627 347 17
Occupied Rental Units by Size in Danville

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

Among renter households in this market, 42 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 Danville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $982
One BR $1,145
Two BR $1,349
Three BR $1,758
Four BR $2,126
2024 Fair Market Rents in Danville, Indiana

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

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 52 95 percent
One BR 122 92 percent
Two BR 467 74 percent
Rental Units Below FMR in Danville, Indiana

How many affordable rental units are in Danville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 208
Section 8 Project-Based Rental Assistance 43
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Danville, Indiana

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

Income Based Apartments in Danville, Indiana

Danville features 98 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 Danville, Indiana

There are 117 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Danville.

Housing Choice Vouchers in Danville, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Danville, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.