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

Discover affordable housing in Bloomfield where there are 5+ 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.

Meadow Lark Senior Apartments

200 S Meadow Lark Lane, Bloomfield, Indiana 47424

bed 1-2

Village Apartments of Bloomfield

432 W Turner St, Bloomfield, Indiana 47424

Meadow Lark Apts

2005 Meadow Lark Lane, Bloomfield, Indiana

102 N Franklin St

102 N Franklin St, Bloomfield, Indiana 47424

Bloomfield Apartments

N John St, Bloomfield, Indiana 47424

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Bloomfield, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bloomfield, Indiana
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Bloomfield, Indiana Affordable Housing ↓

What HUD offices serve Bloomfield, 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 Bloomfield, Indiana.

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

How many renters live in Bloomfield, Indiana?

The City of Bloomfield has people living in households.

There are renters living in renter households in this City. Renters make up 28.8 percent of the population living in Bloomfield.

What is the rental market like in Bloomfield, Indiana?

There are an estimated housing units in the Bloomfield area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bloomfield, Indiana, there are 1.05 rental units.

What is the vacancy rate for rentals in Bloomfield?

The rental vacancy rate in Bloomfield 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 Bloomfield for each bedroom size?

Occupied Rental Units by Size in Bloomfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
158 49 100 45 10
Occupied Rental Units by Size in Bloomfield

A large number of apartments in Bloomfield 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 Bloomfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $631 to $1,303. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $631
One BR $672
Two BR $863
Three BR $1,171
Four BR $1,303
2024 Fair Market Rents in Bloomfield, Indiana

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

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 103 65 percent
One BR 39 80 percent
Two BR 60 60 percent
Rental Units Below FMR in Bloomfield, Indiana

How many affordable rental units are in Bloomfield?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Bloomfield, Indiana

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

Income Based Apartments in Bloomfield, Indiana

Bloomfield features 164 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 Bloomfield, Indiana

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bloomfield.

Housing Choice Vouchers in Bloomfield, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bloomfield, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.