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

Discover affordable housing in Fountain County where there are 9+ 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.

Attica Housing

411 E Jackson St, Attica, Indiana 47918

Lion Manor Apartments

300 N Mill St, Veedersburg, Indiana 47987

Perry Street Housing

204 North Perry Street, Attica, Indiana 47918

Kingman Housing

16 Senior Drive, Attica, Indiana 47918

Fly Ltd.

414 W. Harrison Street, Veedersburg, Indiana 47987

Ravine Heights

114 Edgewood Drive, Attica, Indiana

Wabash Manor

301 Constitution Avenue, Covington, Indiana

Kingman Housing Inc

316 Odd Street, Kingman, Indiana

Perry Street Apts

204 West Perry Street, Attica, Indiana

calendar_today Opened: Jun 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fountain County, 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 Fountain County, Indiana Affordable Housing ↓

What HUD offices serve Fountain 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 Fountain County, Indiana.

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

How many renters live in Fountain County, Indiana?

The County of Fountain County has 16,468 people living in 6,820 households.

There are 4,001 renters living in 1,758 renter households in this County. Renters make up 24.3 percent of the population living in Fountain County.

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

There are an estimated 7,795 housing units in the Fountain County area. Of these, 1,853 units are rental homes, making up 24 percent of the housing market. For every renter household in Fountain County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Fountain County?

The rental vacancy rate in Fountain County is 3 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 Fountain County for each bedroom size?

Occupied Rental Units by Size in Fountain County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
32 296 740 461 227
Occupied Rental Units by Size in Fountain County

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

Among renter households in this market, 29 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 Fountain County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,393. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $657
Two BR $863
Three BR $1,053
Four BR $1,393
2024 Fair Market Rents in Fountain County, Indiana

How many units are rented at Fair Market Rent (FMR) in Fountain 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 4 13 percent
One BR 191 65 percent
Two BR 401 54 percent
Rental Units Below FMR in Fountain County, Indiana

How many affordable rental units are in Fountain County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
Section 8 Project-Based Rental Assistance 20
USDA Section 515 Rural Rental Housing 110
Tracked Units by Federal Program in Fountain County, Indiana

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

Income Based Apartments in Fountain County, Indiana

Fountain County features 136 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 Fountain County, Indiana

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fountain County.

Housing Choice Vouchers in Fountain County, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.