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

Discover affordable housing in Martin County where there are 7+ 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 Place Apartments - Loogootee

31 Country Place, Loogootee, Indiana 47553

West Court

Vine St and William Daily Dr, Loogootee, Indiana 47553

Loogootee Elderly Housing, L.P.

211 Cedar Street, Loogootee, Indiana 47553

City of Loogootee

City of Loogootee, Loogootee, Indiana 46000

Shoals Senior Housing Inc

217 Capitol, Shoals, Indiana

East Court

Queen and Boston St, Loogootee, Indiana 47553

Village Apartments of Shoals

11708 Ironton Rd, Shoals, Indiana 47581

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Martin County, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Martin County, Indiana Affordable Housing ↓

What HUD offices serve Martin 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 Martin County, Indiana.

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

How many renters live in Martin County, Indiana?

The County of Martin County has 9,863 people living in 3,963 households.

There are 1,552 renters living in 842 renter households in this County. Renters make up 15.74 percent of the population living in Martin County.

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

There are an estimated 4,593 housing units in the Martin County area. Of these, 851 units are rental homes, making up 19 percent of the housing market. For every renter household in Martin County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Martin County?

The rental vacancy rate in Martin County is 1 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 Martin County for each bedroom size?

Occupied Rental Units by Size in Martin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
51 207 372 149 45
Occupied Rental Units by Size in Martin County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 23 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 Martin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,267. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $657
Two BR $863
Three BR $1,043
Four BR $1,267
2024 Fair Market Rents in Martin County, Indiana

How many units are rented at Fair Market Rent (FMR) in Martin 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 20 39 percent
One BR 119 57 percent
Two BR 216 58 percent
Rental Units Below FMR in Martin County, Indiana

How many affordable rental units are in Martin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 60
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in Martin County, Indiana

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

Income Based Apartments in Martin County, Indiana

Martin County features 130 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 Martin County, Indiana

There are 76 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin County.

Housing Choice Vouchers in Martin County, Indiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.