Low Income Apartments and Affordable Housing For Rent in Tippecanoe County, IN

Discover affordable housing in Tippecanoe County where there are 47+ 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.

Country Villa Apartments

3014 Fall Place, West Lafayette, Indiana 47906

Chapelgate Park Apartments

3151 Chapel Gate Way, West Lafayette, Indiana 47906

Twyckenham Apartments

3200 Quarry Dr, Lafayette, Indiana 47909

Briarwood Lafayette

1750 Windemere Dr, Lafayette, Indiana 47905

Copper Gate Apartments

3140 Coppergate Dr, Lafayette, Indiana 47909

H38 East Apartments

3791 Winston Dr, Lafayette, Indiana 47905

Richfield Apartments West Lafayette

2300 Yeager Rd, West Lafayette, Indiana 47906

Fairington Apartments Lafayette

225 Fairington Ct, Lafayette, Indiana 47905

Romney Meadows

2905 Westchester Lane, Lafayette, Indiana 47909

Overlook Pointe

727 Elston Road, Lafayette, Indiana 47909

Deerfield Commons Apartments

1725 Windemere Ct, Lafayette, Indiana 47905

Friendship House North II

1008 Cumberland Ave, West Lafayette, Indiana 47906

Cambridge Estates II

2511 Malden Rd, Lafayette, Indiana 47905

Fowler Apartments

407 Ferry St, Lafayette, Indiana 47901

Friendship House

1010 Cumberland Ave, West Lafayette, Indiana 47906

Union Place Apartments

820 N 13th St, Lafayette, Indiana 47904

Chatham Square

3619 Champlain St, Lafayette, Indiana 47905

Historic Jeff Centre

619 N 9th St, Lafayette, Indiana 47904

Scharer, Llc

14 N 3rd St, Lafayette, Indiana 47901

Lahr Apartments - 2

109 N 5th St, Lafayette, Indiana 47901

calendar_today Opened: Aug 10
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tippecanoe County, Indiana
$20.25/hour
$13.00 (+179%) more than Indiana minimum wage and $13.00 (+179%) more than the Federal minimum wage.
Learn More About Tippecanoe County, Indiana Affordable Housing ↓

What HUD offices serve Tippecanoe County, 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 Tippecanoe County, Indiana.

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

How many renters live in Tippecanoe County, Indiana?

The County of Tippecanoe County has 188,717 people living in 76,043 households.

There are 71,615 renters living in 35,015 renter households in this County. Renters make up 37.95 percent of the population living in Tippecanoe County.

What is the rental market like in Tippecanoe County, Indiana?

There are an estimated 78,105 housing units in the Tippecanoe County area. Of these, 37,336 units are rental homes, making up 48 percent of the housing market. For every renter household in Tippecanoe County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Tippecanoe County?

The rental vacancy rate in Tippecanoe County is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Tippecanoe County for each bedroom size?

Occupied Rental Units by Size in Tippecanoe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,924 10,649 10,475 9,015 2,721
Occupied Rental Units by Size in Tippecanoe County

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

Among renter households in this market, 51 percent have housing cost burden. Further, 27 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 Tippecanoe County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $778 to $1,604. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $778
One BR $908
Two BR $1,069
Three BR $1,293
Four BR $1,604
2024 Fair Market Rents in Tippecanoe County, Indiana

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

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 962 50 percent
One BR 5,627 53 percent
Two BR 4,357 42 percent
Rental Units Below FMR in Tippecanoe County, Indiana

How many affordable rental units are in Tippecanoe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 855
Section 8 Project-Based Rental Assistance 1,348
Section 202 Supportive Housing for the Elderly 50
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Tippecanoe County, Indiana

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

Income Based Apartments in Tippecanoe County, Indiana

Tippecanoe County features 1,289 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 Tippecanoe County, Indiana

There are 1,349 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tippecanoe County.

Housing Choice Vouchers in Tippecanoe County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tippecanoe County, Indiana for a two-bedroom apartment is between $962 and $1,176.

Sourced from federal housing data and AffordableHousingOnline.com research.