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

Discover affordable housing in Wayne County where there are 26+ 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.

Nine North Apartments

210 North 9th St, Richmond, Indiana 47374

Adam Bartel

200 S 8th St, Richmond, Indiana 47374

The Atlas Apartments

401 N 10th St, Richmond, Indiana 47374

Greenwood Apartments

1460 S 16th St, Richmond, Indiana 47374

Carriage House Richmond

701 Dillon Dr, Richmond, Indiana 47374

Cambridge Square Richmond

3800 S A St, Richmond, Indiana 47374

Hagerstown Faith Housing

145 West Walnut Street, Hagerstown, Indiana 47346

Panoramic Apartments Phase IV

600 N Morton Ave, Centerville, Indiana 47330

Cumberland Apartments

151 S 52nd St, Richmond, Indiana 47374

Parc Lorraine Coop II

100 S 52nd Pl, Richmond, Indiana 47374

Bethlehem Community

1212 S 20th St, Richmond, Indiana 47374

Interfaith Housing A

34 NW 5th St, Richmond, Indiana 47374

Music City Place

50 N. 8th St. , Richmond, Indiana 47374

Parc Lorraine Coop I

100 S 52nd St, Richmond, Indiana 47374

Village Apartments of Richmond

4000 S A St, Richmond, Indiana 47374

Cedar Cliff Apartments

184 Cedar Cliff Rd, Richmond, Indiana 47374

Rosewood Terrace

4100 S A St, Richmond, Indiana 47374

Dogwood Terrace

101 Cedar Cliff Rd, Richmond, Indiana 47374

Dunn Supportive Housing

1840 S 13th St, Richmond, Indiana 47374

Rose Ann Properties

602 N. Morton Street, Centerville, Indiana

calendar_today Opens: Mar 31

Reported On February 15th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wayne County, 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 Wayne County, Indiana Affordable Housing ↓

What HUD offices serve Wayne 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 Wayne County, Indiana.

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

How many renters live in Wayne County, Indiana?

The County of Wayne County has 66,273 people living in 27,536 households.

There are 15,134 renters living in 8,204 renter households in this County. Renters make up 22.84 percent of the population living in Wayne County.

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

There are an estimated 30,782 housing units in the Wayne County area. Of these, 9,163 units are rental homes, making up 30 percent of the housing market. For every renter household in Wayne County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Wayne County?

The rental vacancy rate in Wayne County 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 Wayne County for each bedroom size?

Occupied Rental Units by Size in Wayne County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
399 1,569 3,047 2,814 634
Occupied Rental Units by Size in Wayne County

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

Among renter households in this market, 47 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 Wayne County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $637 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $637
One BR $657
Two BR $863
Three BR $1,071
Four BR $1,156
2024 Fair Market Rents in Wayne County, Indiana

How many units are rented at Fair Market Rent (FMR) in Wayne 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 249 62 percent
One BR 999 64 percent
Two BR 1,760 58 percent
Rental Units Below FMR in Wayne County, Indiana

How many affordable rental units are in Wayne County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 343
Public Housing 303
Section 8 Project-Based Rental Assistance 704
Section 202 Supportive Housing for the Elderly 33
USDA Section 515 Rural Rental Housing 151
Tracked Units by Federal Program in Wayne County, Indiana

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

Income Based Apartments in Wayne County, Indiana

Wayne County features 1,180 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 Wayne County, Indiana

There are 409 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wayne County.

Housing Choice Vouchers in Wayne County, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.