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

Discover affordable housing in Brook where there are 1+ 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.

Iroquois Manor

421 E Main St, Brook, Indiana 47922

calendar_today Opens: Apr 1

Reported On February 15th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Brook, Indiana
$23.75/hour
$16.50 (+228%) more than Indiana minimum wage and $16.50 (+228%) more than the Federal minimum wage.
Learn More About Brook, Indiana Affordable Housing ↓

What HUD offices serve Brook, 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 Brook, Indiana.

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

How many renters live in Brook, Indiana?

The City of Brook has 960 people living in 344 households.

There are 258 renters living in 73 renter households in this City. Renters make up 26.88 percent of the population living in Brook.

What is the rental market like in Brook, Indiana?

There are an estimated 387 housing units in the Brook area. Of these, 85 units are rental homes, making up 22 percent of the housing market. For every renter household in Brook, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Brook?

The rental vacancy rate in Brook is 14 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 Brook for each bedroom size?

Occupied Rental Units by Size in Brook
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 37 32 0
Occupied Rental Units by Size in Brook

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

Among renter households in this market, 19 percent have housing cost burden. Further, 3 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 Brook

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $869 to $1,672. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $869
One BR $1,027
Two BR $1,254
Three BR $1,539
Four BR $1,672
2024 Fair Market Rents in Brook, Indiana

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

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
One BR 4 100 percent
Two BR 34 92 percent
Rental Units Below FMR in Brook, Indiana

How many affordable rental units are in Brook?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Brook, Indiana

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

Income Based Apartments in Brook, Indiana

Brook features 8 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 Brook, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Brook.

Housing Choice Vouchers in Brook, Indiana

On average, Section 8 Housing Choice vouchers pay Brook landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Brook.

The maximum amount a voucher would pay on behalf of a low-income tenant in Brook, Indiana for a two-bedroom apartment is between $1,129 and $1,379.

Sourced from federal housing data and AffordableHousingOnline.com research.