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

Discover affordable housing in Monroeville 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.

Mulberry Court Apartments

423 Mulberry St, Monroeville, Indiana 46773

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 Monroeville, Indiana
$20.63/hour
$13.38 (+184%) more than Indiana minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Monroeville, Indiana Affordable Housing ↓

What HUD offices serve Monroeville, 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 Monroeville, Indiana.

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

How many renters live in Monroeville, Indiana?

The City of Monroeville has 1,144 people living in 503 households.

There are 295 renters living in 171 renter households in this City. Renters make up 25.79 percent of the population living in Monroeville.

What is the rental market like in Monroeville, Indiana?

There are an estimated 549 housing units in the Monroeville area. Of these, 200 units are rental homes, making up 36 percent of the housing market. For every renter household in Monroeville, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Monroeville?

The rental vacancy rate in Monroeville is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Monroeville for each bedroom size?

Occupied Rental Units by Size in Monroeville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 24 78 49 8
Occupied Rental Units by Size in Monroeville

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

Among renter households in this market, 43 percent have housing cost burden. Further, 29 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 Monroeville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $826 to $1,499. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $826
One BR $895
Two BR $1,089
Three BR $1,379
Four BR $1,499
2024 Fair Market Rents in Monroeville, Indiana

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

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 21 88 percent
Two BR 78 100 percent
Rental Units Below FMR in Monroeville, Indiana

How many affordable rental units are in Monroeville?

Income Based Apartments in Monroeville, Indiana

Monroeville 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 Monroeville, Indiana

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

Housing Choice Vouchers in Monroeville, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Monroeville, Indiana for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.