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

Discover affordable housing in Wells County where there are 9+ 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.

Capri Meadows

58 Capri Ct, Bluffton, Indiana 46714

Country Place Apartments

408 Countryside Dr, Ossian, Indiana 46777

Lancaster Senior Apartments

1800 S Wayne St, Bluffton, Indiana 46714

Ouabache Village

North East Side of Plaza And State St, Bluffton, Indiana 46714

Lilac Lane Apartments

1550 Plaza Street #4, Bluffton, Indiana 46714

Bluffton Senior Villas

301 LA Mar St, Bluffton, Indiana 46714

Pine Grove Apartments

10 Pine Grove Ct, Bluffton, Indiana 46714

Valley Park Apartments

320 West Dustman Rd, Bluffton, Indiana

200 West Lamar Street

200 LA Mar St, Bluffton, Indiana 46714

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wells County, Indiana
$16.42/hour
$9.17 (+126%) more than Indiana minimum wage and $9.17 (+126%) more than the Federal minimum wage.
Learn More About Wells County, Indiana Affordable Housing ↓

What HUD offices serve Wells 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 Wells County, Indiana.

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

How many renters live in Wells County, Indiana?

The County of Wells County has 28,167 people living in 11,155 households.

There are 5,372 renters living in 2,533 renter households in this County. Renters make up 19.07 percent of the population living in Wells County.

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

There are an estimated 11,961 housing units in the Wells County area. Of these, 2,682 units are rental homes, making up 22 percent of the housing market. For every renter household in Wells County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Wells County?

The rental vacancy rate in Wells County is 3 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 Wells County for each bedroom size?

Occupied Rental Units by Size in Wells County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 639 840 682 279
Occupied Rental Units by Size in Wells County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 15 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 Wells County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $603 to $1,255. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $603
One BR $660
Two BR $867
Three BR $1,048
Four BR $1,255
2024 Fair Market Rents in Wells County, Indiana

How many units are rented at Fair Market Rent (FMR) in Wells 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 57 69 percent
One BR 446 70 percent
Two BR 449 53 percent
Rental Units Below FMR in Wells County, Indiana

How many affordable rental units are in Wells County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 153
Section 8 Project-Based Rental Assistance 129
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 150
Tracked Units by Federal Program in Wells County, Indiana

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

Income Based Apartments in Wells County, Indiana

Wells County features 200 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 Wells County, Indiana

There are 101 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wells County.

Housing Choice Vouchers in Wells County, Indiana

On average, Section 8 Housing Choice vouchers pay Wells County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Wells County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wells County, Indiana for a two-bedroom apartment is between $780 and $954.

Sourced from federal housing data and AffordableHousingOnline.com research.