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

Discover affordable housing in Milford where there are 3+ 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.

Leisure Living I

309 E Catherine St, Milford, Indiana 46542

Leisure Living II

309 E Catherine St, Milford, Indiana 46542

Milford Meadows Pk Housing & Mgt Co

406 W Section Street, Milford, Indiana

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Nov 14
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Milford, Indiana
$17.84/hour
$10.59 (+146%) more than Indiana minimum wage and $10.59 (+146%) more than the Federal minimum wage.
Learn More About Milford, Indiana Affordable Housing ↓

What HUD offices serve Milford, 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 Milford, Indiana.

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

How many renters live in Milford, Indiana?

The City of Milford has 1,762 people living in 673 households.

There are 383 renters living in 158 renter households in this City. Renters make up 21.74 percent of the population living in Milford.

What is the rental market like in Milford, Indiana?

There are an estimated 686 housing units in the Milford area. Of these, 158 units are rental homes, making up 23 percent of the housing market. For every renter household in Milford, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Milford?

The rental vacancy rate in Milford 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 Milford for each bedroom size?

Occupied Rental Units by Size in Milford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 28 52 78 0
Occupied Rental Units by Size in Milford

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

Among renter households in this market, 35 percent have housing cost burden. Further, 6 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 Milford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $785 to $1,351. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $785
One BR $790
Two BR $942
Three BR $1,162
Four BR $1,351
2024 Fair Market Rents in Milford, Indiana

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

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 28 100 percent
Two BR 38 73 percent
Rental Units Below FMR in Milford, Indiana

How many affordable rental units are in Milford?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 16
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Milford, Indiana

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

Income Based Apartments in Milford, Indiana

Milford features 16 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 Milford, Indiana

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milford.

Housing Choice Vouchers in Milford, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Milford, Indiana for a two-bedroom apartment is between $848 and $1,036.

Sourced from federal housing data and AffordableHousingOnline.com research.