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

Discover affordable housing in Anderson where there are 28+ 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.

Central School Senior Apartments - Anderson

2120 Central Ave, Anderson, Indiana 46016

Fairington of Anderson

1430 East 60th Street, Anderson, Indiana 46013

Longfellow Plaza Apartments

319 E 12th Street, Anderson, Indiana 46016

Parkview Place

28 West 12th Street , Anderson, Indiana 46106

Village at White River

1212 Pearl St, Anderson, Indiana 46016

The Tower at Southdale

524 W 53rd St, Anderson, Indiana 46013

Hoosier Woods II Apartments

3833 Hoosier Woods Ct, Anderson, Indiana 46013

Apartments Living

308 W 19th St, Anderson, Indiana 46016

Group Living

1715 Main St, Anderson, Indiana 46016

Group Living II

3115 Brown St, Anderson, Indiana 46016

The Fieldhouse Apartments

1229 Lincoln Avenue Anderson, IN 46016, Anderson, Indiana 46016

Autumn Ridge Apartments

103 S Rangeline Rd, Anderson, Indiana 46012

Senior Cottages of Anderson

3221 Morton St, Anderson, Indiana 46016

Westvale Manor

2207 Fulton St, Anderson, Indiana 46016

Fairview Park Apartments

924 Sun Valley Dr, Anderson, Indiana 46016

Gateway Village Hickory Knoll

5514 Arbor Dr, Anderson, Indiana 46013

Applecreek Commons Apartments

1326 McIntosh Ln, Anderson, Indiana 46013

Towers Place Apartments

1109 Jackson St, Anderson, Indiana 46016

Madison Lakes (Autumn Ridge)

101 South Rangeline Road, Anderson, Indiana 46012

The Village at Hillside Apartments

1324 W 11th St, Anderson, Indiana 46016

calendar_today Opened: Mar 31
Open Until Further Notice

Reported On March 31st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Anderson, Indiana
$14.34 (+198%) more than Indiana minimum wage and $14.34 (+198%) more than the Federal minimum wage.
Learn More About Anderson, Indiana Affordable Housing ↓

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

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

How many renters live in Anderson, Indiana?

The City of Anderson has 55,011 people living in 23,279 households.

There are 21,798 renters living in 10,203 renter households in this City. Renters make up 39.62 percent of the population living in Anderson.

What is the rental market like in Anderson, Indiana?

There are an estimated 27,439 housing units in the Anderson area. Of these, 11,028 units are rental homes, making up 40 percent of the housing market. For every renter household in Anderson, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Anderson?

The rental vacancy rate in Anderson is 7 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 Anderson for each bedroom size?

Occupied Rental Units by Size in Anderson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
269 2,106 4,806 2,626 336
Occupied Rental Units by Size in Anderson

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

Among renter households in this market, 48 percent have housing cost burden. Further, 30 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 Anderson

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 Anderson, Indiana

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

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 218 81 percent
One BR 1,724 82 percent
Two BR 3,694 77 percent
Rental Units Below FMR in Anderson, Indiana

How many affordable rental units are in Anderson?

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

Federal Program Unit Count
Low Income Housing Tax Credit 913
Public Housing 118
Section 8 Project-Based Rental Assistance 387
Section 202 Supportive Housing for the Elderly 44
Section 811 Supportive Housing for Persons with Disabilities 24
Tracked Units by Federal Program in Anderson, Indiana

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

Income Based Apartments in Anderson, Indiana

Anderson features 608 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 Anderson, Indiana

There are 1,187 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Anderson.

Housing Choice Vouchers in Anderson, Indiana

On average, Section 8 Housing Choice vouchers pay Anderson landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Anderson.

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

Sourced from federal housing data and AffordableHousingOnline.com research.