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

Discover affordable housing in Anderson where there are 92+ 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.

Fairington of Anderson

1430 East 60th Street, Anderson, Indiana 46013

bed 1
payment Subsidized

Longfellow Plaza Apartments

319 E 12th Street, Anderson, Indiana 46016

bed Studio-2
payment Subsidized
elderly Senior

Parkview Place

28 West 12th Street , Anderson, Indiana 46106

bed 1-2

Central School Senior Apartments - Anderson

2120 Central Ave, Anderson, Indiana 46016

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Sun Valley Apartments

924 Sun Valley Dr, Anderson, Indiana 46016

bed 2-4
payment $641-859/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Village at White River

1212 Pearl St, Anderson, Indiana 46016

bed 1
accessibility Accessible

The Tower at Southdale

524 W 53rd St, Anderson, Indiana 46013

payment Subsidized

Hoosier Woods II Apartments

3833 Hoosier Woods Ct, Anderson, Indiana 46013

switch_access_shortcut Short Wait
accessibility Accessible

Apartments Living

308 W 19th St, Anderson, Indiana 46016

payment Subsidized

Group Living

1715 Main St, Anderson, Indiana 46016

switch_access_shortcut Short Wait

Group Living II

3115 Brown St, Anderson, Indiana 46016

payment Subsidized
accessibility Accessible
accessible_forward Disability

Cross Lakes Apartments

1800 Cross Lakes Blvd, Anderson, Indiana 46012

bed 2
payment $885/mo.

Harter House Anderson LLC

600 Main St, Anderson, Indiana 46016

bed Studio-1
payment $709-824/mo.

Cedar Ridge Townhomes

3634 Oaklawn Dr, Anderson, Indiana 46013

bed 1-3
payment $829-1235/mo.

4118 Delaware St

4118 Delaware St, Anderson, Indiana 46013

bed 2
payment $950/mo.

2201 Central Ave

2201 Central Ave, Anderson, Indiana 46016

bed 4
payment $1050/mo.

2233 E Lynn St Unit 2233 E Lynn St Apt 1

2233 E Lynn St Unit 2233 E Lynn St Apt 1, Anderson, Indiana 46016

bed 1
payment $800/mo.

916 Lennox St

916 Lennox St, Anderson, Indiana 46012

bed 1
payment $750/mo.

222 Dr Martin Luther King Jr Blvd Unit 4

222 Dr Martin Luther King Jr Blvd Unit 4, Anderson, Indiana 46016

bed 1
payment $775/mo.

711 W 2nd St

711 W 2nd St, Anderson, Indiana 46016

bed 3
payment $1050/mo.

How To Identify Affordable Housing in Anderson, 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.
calendar_today Opened: Mar 31
Open Until Further Notice
devices
calendar_month

Reported On September 28th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Anderson, 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 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 people living in households.

There are renters living in 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 housing units in the Anderson area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Anderson, Indiana, there are 1.08 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 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
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
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.

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