5650 Renn Lane, Indianapolis, IN 46220
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Gene B. Glick Marketing, Ben D. Layfield, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 744 - 1,085 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Colonial Square Apartments is located on the West side of Indianapolis, IN in Pike Township. Transportation around Indianapolis is a breeze from Colonial Square with convenient access to the IndyGo bus line and direct access to I-65. Colonial Square is pet friendly and offers several community amenities including a community clubhouse, multiple playgrounds, and planned community events. The apartment homes feature large living and dining spaces, step-saver kitchens, and a garden patio or balcony. This community is managed by the Gene B. Glick Company.
Since Colonial Square Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 744ft2 | Call for Price† |
| 2 Bedroom (2/1) | 990ft2 | Call for Price† |
| 2 Bedroom Townhouse (2/1.5) | 992ft2 | Call for Price† |
| 3 Bedroom Townhouse (3/1.5) | 1085ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,300 / year | $23,200 / year | $26,100 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 80% AMI for PBRA Units | $54,150 / year | $61,900 / year | $69,650 / year | $77,350 / year | $83,550 / year | $89,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Colonial Square Apartments have a waiting list?
Colonial Square Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Colonial Square Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Colonial Square Apartments?
Colonial Square Apartments is managed by Gene B. Glick Company, Inc headquartered in Indianapolis, IN.
In addition to Colonial Square Apartments, how many other affordable housing properties (and units) are there in Indianapolis?
In addition to Colonial Square Apartments, we list 319 other affordable properties in Indianapolis. Learn about these properties here. Our data research shows that there are a total of 22718 affordable units in Indianapolis.
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