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

Discover affordable housing in Chalmers 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.

Community Church

S 2nd and E Walnut St, Chalmers, Indiana 47929

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 Chalmers, Indiana
$16.99/hour
$9.74 (+134%) more than Indiana minimum wage and $9.74 (+134%) more than the Federal minimum wage.
Learn More About Chalmers, Indiana Affordable Housing ↓

What HUD offices serve Chalmers, 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 Chalmers, Indiana.

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

How many renters live in Chalmers, Indiana?

The City of Chalmers has 475 people living in 196 households.

There are 101 renters living in 41 renter households in this City. Renters make up 21.26 percent of the population living in Chalmers.

What is the rental market like in Chalmers, Indiana?

There are an estimated 205 housing units in the Chalmers area. Of these, 46 units are rental homes, making up 22 percent of the housing market. For every renter household in Chalmers, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Chalmers?

The rental vacancy rate in Chalmers is 11 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 Chalmers for each bedroom size?

Occupied Rental Units by Size in Chalmers
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 14 16 0
Occupied Rental Units by Size in Chalmers

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

Among renter households in this market, 63 percent have housing cost burden. Further, 2 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 Chalmers

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $624 to $1,195. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $624
One BR $683
Two BR $897
Three BR $1,085
Four BR $1,195
2024 Fair Market Rents in Chalmers, Indiana

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

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 6 75 percent
Two BR 5 36 percent
Rental Units Below FMR in Chalmers, Indiana

How many affordable rental units are in Chalmers?

Income Based Apartments in Chalmers, Indiana

Chalmers 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 Chalmers, Indiana

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

Housing Choice Vouchers in Chalmers, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chalmers, Indiana for a two-bedroom apartment is between $807 and $987.

Sourced from federal housing data and AffordableHousingOnline.com research.