Argos, Indiana Affordable Housing

Affordable Housing programs support 23 income based apartments in Argos where households pay rent based on how much they earn.

There are 20 affordable apartments in Argos that offer reduced rents to low-income households.

Waiting Lists in Argos, Indiana

There are three Section 8 Housing Choice Voucher waiting lists open in Argos.

Go to the Indiana Section 8 Waiting Lists page for more openings near Argos.

Argos Garden Court

400 W Marshall St
Argos, Indiana
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Colonial Heights Landmark Management

10134 16th Rd
Argos, Indiana
Affordable
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Affordable Housing Near Argos

View affordable apartments and waiting lists in cities near Argos

City Apartments
Plymouth, IN Affordable Housing programs support 9 apartment communities in Plymouth.
Culver, IN Affordable Housing programs support 5 apartment communities in Culver.
Bourbon, IN Affordable Housing programs support 2 apartment communities in Bourbon.
Bremen, IN Affordable Housing programs support 2 apartment communities in Bremen.
La Paz, IN Affordable Housing programs support 1 apartment communities in La Paz.

Public Housing Agencies Serving Argos, 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.

Housing Authority Programs
Marshall County Housing Authority Section 8 Housing Choice Voucher (HCV)
Brightpoint Section 8 Housing Choice Voucher (HCV)
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Argos.

Argos, Indiana Affordable Housing Data

Income Based Apartments in Argos, Indiana

Argos features 23 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 Argos, Indiana

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Argos.

Housing Choice Vouchers in Argos, Indiana

On average, Section 8 Housing Choice vouchers pay Argos landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Argos.

The maximum amount a voucher would pay on behalf of a low-income tenant in Argos, Indiana for a two-bedroom apartment is between $746 and $912.

2023 Argos, Indiana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Argos, Indiana Fair Market Rent $578 $673 $829 $1,127 $1,343
Argos, Indiana Payment Standard Range $520 to $636 $606 to $740 $746 to $912 $1,014 to $1,240 $1,209 to $1,477

Sourced from federal housing data and AffordableHousingOnline.com research.

Argos, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 43
Total Housing Units with Rental Assistance 23
Percentage of Housing Units Occupied By Renters 33.71%
Average Renter Household Size 2.63
Average Household Size 2.73
Median Household Income $43,672 ±$4,250
Median Rent $686 ±$86
Percentage Of Renters Overburdened 31.25% ± 12.21pp
Total Population 1,944

Population and Household Demographics

Argos is a city in Marshall County, Indiana with a population of 1,944. There are 712 households in the city with an average household size of 2.73 persons. 33.71% of households in Argos are renters.

Income and Rent Overburden in Argos

The median gross income for households in Argos is $43,672 a year, or $3,639 a month. The median rent for the city is $686 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Argos, a household making less than $2,287 a month would be considered overburdened when renting an apartment at or above the median rent. 31.25% of households who rent are overburdened in Argos.

Area Median Income In Argos

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Argos, the AMI is calculated from all households within Marshall County.

In Argos, HUD calculates the Area Median Income for a family of four as $71,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Argos

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Argos

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Argos AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,650 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Argos AMI may qualify for rental assistance programs that target Very Low Income households.
$26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% AMI Income Limits
Renters earning up to 80% of the Argos AMI may qualify for rental assistance programs that target Low Income households.
$41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700