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

Discover affordable housing in Holland where there are 1+ 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.

Lincoln Manor of Holland

300 S Meridian St, Holland, Indiana 47541

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 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 Holland, 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 Holland, Indiana Affordable Housing ↓

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

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

How many renters live in Holland, Indiana?

The City of Holland has 612 people living in 228 households.

There are 124 renters living in 53 renter households in this City. Renters make up 20.26 percent of the population living in Holland.

What is the rental market like in Holland, Indiana?

There are an estimated 261 housing units in the Holland area. Of these, 53 units are rental homes, making up 20 percent of the housing market. For every renter household in Holland, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Holland?

The rental vacancy rate in Holland is 0 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 Holland for each bedroom size?

Occupied Rental Units by Size in Holland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 14 18 14 7
Occupied Rental Units by Size in Holland

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

Among renter households in this market, 28 percent have housing cost burden. Further, 19 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 Holland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,465. 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 $1,216
Four BR $1,465
2024 Fair Market Rents in Holland, Indiana

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

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 5 36 percent
Two BR 5 28 percent
Rental Units Below FMR in Holland, Indiana

How many affordable rental units are in Holland?

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

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

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

Income Based Apartments in Holland, Indiana

Holland features 20 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 Holland, Indiana

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

Housing Choice Vouchers in Holland, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.