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

Discover affordable housing in Akron 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.

Akron Garden Senior Apartments

401 N. Virgil , Akron, Indiana 46910

bed 1
payment $468/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Greenlawn Place

407 E. Rural St., Akron, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Akron, Indiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Nathan Brunet

Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Nov 14
Open Until Further Notice
devices
calendar_month

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Akron, Indiana
$16.38/hour
$9.13 (+126%) more than Indiana minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Akron, Indiana Affordable Housing ↓

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

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

How many renters live in Akron, Indiana?

The City of Akron has people living in households.

There are renters living in renter households in this City. Renters make up 31.73 percent of the population living in Akron.

What is the rental market like in Akron, Indiana?

There are an estimated housing units in the Akron area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Akron, Indiana, there are 1.11 rental units.

What is the vacancy rate for rentals in Akron?

The rental vacancy rate in Akron is 10 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 Akron for each bedroom size?

Occupied Rental Units by Size in Akron
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 12 28 36 18
Occupied Rental Units by Size in Akron

A large number of apartments in Akron have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Akron

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $602 to $1,152. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $602
One BR $658
Two BR $865
Three BR $1,046
Four BR $1,152
2024 Fair Market Rents in Akron, Indiana

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

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 8 67 percent
Two BR 18 64 percent
Rental Units Below FMR in Akron, Indiana

How many affordable rental units are in Akron?

Income Based Apartments in Akron, Indiana

Akron features 32 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 Akron, Indiana

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

Housing Choice Vouchers in Akron, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Akron, Indiana for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening