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

Discover affordable housing in Carmel where there are 6+ 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.

MAIN STREET

60 Knoll Ct, Carmel, Indiana 46032

bed 2
payment $1274/mo.

Carmel Woods

1010 Clubhouse Ct, Carmel, Indiana 46032

bed 3
payment $1595/mo.

Governor Square Apartments

1825 Jefferson Dr W, Carmel, Indiana 46032

bed 3
payment $1745/mo.

Carmel Landing Apartment Homes

2223 E 151st St, Carmel, Indiana 46033

bed 2-3
payment $1260-1636/mo.

7 Meadow Ln Unit D

7 Meadow Ln Unit D, Carmel, Indiana 46032

bed 2
payment $1125/mo.

1127 Farmview Ct

1127 Farmview Ct, Carmel, Indiana 46032

bed 4
payment $2100/mo.

How To Identify Affordable Housing in Carmel, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Aug 1
Open Until Further Notice
devices
calendar_month

Reported On January 29th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carmel, Indiana
$25.55/hour
$18.30 (+252%) more than Indiana minimum wage and $18.30 (+252%) more than the Federal minimum wage.
Learn More About Carmel, Indiana Affordable Housing ↓

What HUD offices serve Carmel, 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 Carmel, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Carmel, Indiana.

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

How many renters live in Carmel, Indiana?

The City of Carmel has people living in households.

There are renters living in renter households in this City. Renters make up 20.25 percent of the population living in Carmel.

What is the rental market like in Carmel, Indiana?

There are an estimated housing units in the Carmel area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Carmel, Indiana, there are 1.03 rental units.

What is the vacancy rate for rentals in Carmel?

The rental vacancy rate in Carmel is 8 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 Carmel for each bedroom size?

Occupied Rental Units by Size in Carmel
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
325 2,751 3,686 2,130 502
Occupied Rental Units by Size in Carmel

A large number of apartments in Carmel 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 Carmel

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $982
One BR $1,145
Two BR $1,349
Three BR $1,758
Four BR $2,126
2024 Fair Market Rents in Carmel, Indiana

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

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 41 13 percent
One BR 836 30 percent
Two BR 1,330 36 percent
Rental Units Below FMR in Carmel, Indiana

How many affordable rental units are in Carmel?

Income Based Apartments in Carmel, Indiana

Carmel features 0 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 Carmel, Indiana

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

Housing Choice Vouchers in Carmel, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Carmel, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening