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

Discover affordable housing in Alexandria where there are 3+ 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.

Lincolnwood Estates

306 Lincolnwood Drive, Alexandria, Indiana 46001

Timberlake Estates Senior Apartments

2200 Hummingbird Ln, Alexandria, Indiana 46001

Alexandria Manor Apartments

600 E Jackson St, Alexandria, Indiana 46001

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 Alexandria, Indiana
$21.59/hour
$14.34 (+198%) more than Indiana minimum wage and $14.34 (+198%) more than the Federal minimum wage.
Learn More About Alexandria, Indiana Affordable Housing ↓

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

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

How many renters live in Alexandria, Indiana?

The City of Alexandria has 5,144 people living in 2,034 households.

There are 1,164 renters living in 642 renter households in this City. Renters make up 22.63 percent of the population living in Alexandria.

What is the rental market like in Alexandria, Indiana?

There are an estimated 2,614 housing units in the Alexandria area. Of these, 699 units are rental homes, making up 27 percent of the housing market. For every renter household in Alexandria, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Alexandria?

The rental vacancy rate in Alexandria is 8 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 Alexandria for each bedroom size?

Occupied Rental Units by Size in Alexandria
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 171 395 76 0
Occupied Rental Units by Size in Alexandria

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

Among renter households in this market, 55 percent have housing cost burden. Further, 21 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 Alexandria

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,518. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $793
One BR $868
Two BR $1,140
Three BR $1,468
Four BR $1,518
2024 Fair Market Rents in Alexandria, Indiana

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

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 121 71 percent
Two BR 350 89 percent
Rental Units Below FMR in Alexandria, Indiana

How many affordable rental units are in Alexandria?

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

Federal Program Unit Count
Low Income Housing Tax Credit 143
Section 8 Project-Based Rental Assistance 48
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Alexandria, Indiana

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

Income Based Apartments in Alexandria, Indiana

Alexandria 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 Alexandria, Indiana

There are 84 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alexandria.

Housing Choice Vouchers in Alexandria, Indiana

On average, Section 8 Housing Choice vouchers pay Alexandria landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Alexandria.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alexandria, Indiana for a two-bedroom apartment is between $1,026 and $1,254.

Sourced from federal housing data and AffordableHousingOnline.com research.