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

Discover affordable housing in Rockport 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 Mnr and Kennedy Plaza

320 N 5th St, Rockport, Indiana 47635

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 Rockport, 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 Rockport, Indiana Affordable Housing ↓

What HUD offices serve Rockport, 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 Rockport, Indiana.

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

How many renters live in Rockport, Indiana?

The City of Rockport has 2,183 people living in 973 households.

There are 867 renters living in 460 renter households in this City. Renters make up 39.72 percent of the population living in Rockport.

What is the rental market like in Rockport, Indiana?

There are an estimated 1,138 housing units in the Rockport area. Of these, 511 units are rental homes, making up 45 percent of the housing market. For every renter household in Rockport, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Rockport?

The rental vacancy rate in Rockport is 7 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 Rockport for each bedroom size?

Occupied Rental Units by Size in Rockport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
69 141 130 85 35
Occupied Rental Units by Size in Rockport

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

Among renter households in this market, 41 percent have housing cost burden. Further, 10 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 Rockport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $585 to $1,407. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $585
One BR $657
Two BR $863
Three BR $1,184
Four BR $1,407
2024 Fair Market Rents in Rockport, Indiana

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

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
Studio 69 100 percent
One BR 115 82 percent
Two BR 58 45 percent
Rental Units Below FMR in Rockport, Indiana

How many affordable rental units are in Rockport?

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

Federal Program Unit Count
Public Housing 138
Tracked Units by Federal Program in Rockport, Indiana

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

Income Based Apartments in Rockport, Indiana

Rockport features 141 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 Rockport, Indiana

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

Housing Choice Vouchers in Rockport, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.