Low Income Apartments and Affordable Housing For Rent in Shelby County, IN

Discover affordable housing in Shelby County where there are 11+ 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.

North Harrison Senior Apartments

111 N. Harrison Street Shelbyville, IN 46176, Shelbyville, Indiana 46176

Loper Commons

919 Lewis Creek Lane, Shelbyville, Indiana 46176

Charles Major Manor

102 E Franklin Street, Shelbyville, Indiana 46176

Pearson Place Apartments

115 W Colescott Street, Shelbyville, Indiana 46176

Hendricks Pointe Apartments

415 W Taylor St, Shelbyville, Indiana 46176

Stonecrest Apartments

112 W North Street, Morristown, Indiana 46161

Blue Ridge Terrace

505 Dagley Ct, Shelbyville, Indiana 46176

Shelbys Landing Apartments

753 Shelbys Crst, Shelbyville, Indiana 46176

Cimmarron Place Apartments

1713 Cimarron Place Dr, Shelbyville, Indiana 46176

Shelbyville High Apartments

315 2nd St, Shelbyville, Indiana 46176

Shelbys Landing - Credits Returned 06 12 02

4284 N Morristown Rd, Shelbyville, Indiana 46176

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shelby County, Indiana
$25.55/hour
$18.30 (+252%) more than Indiana minimum wage and $18.30 (+252%) more than the Federal minimum wage.
Learn More About Shelby County, Indiana Affordable Housing ↓

What HUD offices serve Shelby County, 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 Shelby County, Indiana.

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

How many renters live in Shelby County, Indiana?

The County of Shelby County has 44,940 people living in 18,034 households.

There are 11,697 renters living in 4,937 renter households in this County. Renters make up 26.03 percent of the population living in Shelby County.

What is the rental market like in Shelby County, Indiana?

There are an estimated 19,458 housing units in the Shelby County area. Of these, 5,421 units are rental homes, making up 28 percent of the housing market. For every renter household in Shelby County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Shelby County?

The rental vacancy rate in Shelby County is 9 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 Shelby County for each bedroom size?

Occupied Rental Units by Size in Shelby County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
170 966 2,034 1,381 324
Occupied Rental Units by Size in Shelby County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 17 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 Shelby County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $982
One BR $1,145
Two BR $1,349
Three BR $1,758
Four BR $2,126
2024 Fair Market Rents in Shelby County, Indiana

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

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 120 71 percent
One BR 913 95 percent
Two BR 1,631 80 percent
Rental Units Below FMR in Shelby County, Indiana

How many affordable rental units are in Shelby County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 575
Section 8 Project-Based Rental Assistance 145
USDA Section 515 Rural Rental Housing 30
Tracked Units by Federal Program in Shelby County, Indiana

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

Income Based Apartments in Shelby County, Indiana

Shelby County features 204 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 Shelby County, Indiana

There are 517 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shelby County.

Housing Choice Vouchers in Shelby County, Indiana

On average, Section 8 Housing Choice vouchers pay Shelby County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Shelby County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Shelby County, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.