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

Discover affordable housing in Owensville 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.

Williams Apartments

120 W. Short St., Owensville, Indiana 47665

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 Owensville, Indiana
$16.72/hour
$9.47 (+131%) more than Indiana minimum wage and $9.47 (+131%) more than the Federal minimum wage.
Learn More About Owensville, Indiana Affordable Housing ↓

What HUD offices serve Owensville, 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 Owensville, Indiana.

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

How many renters live in Owensville, Indiana?

The City of Owensville has 1,135 people living in 507 households.

There are 209 renters living in 139 renter households in this City. Renters make up 18.41 percent of the population living in Owensville.

What is the rental market like in Owensville, Indiana?

There are an estimated 588 housing units in the Owensville area. Of these, 155 units are rental homes, making up 26 percent of the housing market. For every renter household in Owensville, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Owensville?

The rental vacancy rate in Owensville is 5 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 Owensville for each bedroom size?

Occupied Rental Units by Size in Owensville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 52 52 31 0
Occupied Rental Units by Size in Owensville

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

Among renter households in this market, 40 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 Owensville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $723 to $1,176. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $723
One BR $727
Two BR $883
Three BR $1,172
Four BR $1,176
2024 Fair Market Rents in Owensville, Indiana

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

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 49 94 percent
Two BR 23 44 percent
Rental Units Below FMR in Owensville, Indiana

How many affordable rental units are in Owensville?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 17
Tracked Units by Federal Program in Owensville, Indiana

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

Income Based Apartments in Owensville, Indiana

Owensville features 37 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 Owensville, Indiana

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

Housing Choice Vouchers in Owensville, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Owensville, Indiana for a two-bedroom apartment is between $795 and $971.

Sourced from federal housing data and AffordableHousingOnline.com research.