Low Income Apartments and Affordable Housing For Rent in West Baden Springs, IN

Discover affordable housing in West Baden Springs where there are 2+ 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.

Pleasant View of West Baden Apartments

743 Habig Dr, West Baden Springs, Indiana 47469

Homestead

8163 W State Road 56, West Baden Springs, Indiana 47469

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

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 West Baden Springs, 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 West Baden Springs, Indiana Affordable Housing ↓

What HUD offices serve West Baden Springs, 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 West Baden Springs, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for West Baden Springs, Indiana.

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

How many renters live in West Baden Springs, Indiana?

The City of West Baden Springs has 479 people living in 217 households.

There are 162 renters living in 74 renter households in this City. Renters make up 33.82 percent of the population living in West Baden Springs.

What is the rental market like in West Baden Springs, Indiana?

There are an estimated 252 housing units in the West Baden Springs area. Of these, 74 units are rental homes, making up 29 percent of the housing market. For every renter household in West Baden Springs, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in West Baden Springs?

The rental vacancy rate in West Baden Springs is 0 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 West Baden Springs for each bedroom size?

Occupied Rental Units by Size in West Baden Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 22 20 0
Occupied Rental Units by Size in West Baden Springs

A large number of apartments in West Baden Springs 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 West Baden Springs are overburdened by housing costs?

Among renter households in this market, 58 percent have housing cost burden. Further, 28 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 West Baden Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,304. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $657
Two BR $863
Three BR $1,216
Four BR $1,304
2024 Fair Market Rents in West Baden Springs, Indiana

How many units are rented at Fair Market Rent (FMR) in West Baden Springs?

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 26 81 percent
Two BR 5 23 percent
Rental Units Below FMR in West Baden Springs, Indiana

How many affordable rental units are in West Baden Springs?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 20
Tracked Units by Federal Program in West Baden Springs, Indiana

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

Income Based Apartments in West Baden Springs, Indiana

West Baden Springs features 20 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 West Baden Springs, Indiana

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Baden Springs.

Housing Choice Vouchers in West Baden Springs, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.