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

Discover affordable housing in Greentown where there are 3+ 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.

Greentown Apartments

630 S Maple St, Greentown, Indiana 46936

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Greencreek Estates C/O Olynger Mgmt.

606 Harvey Dr., Greentown, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Greentown, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Greentown, Indiana
$18.56/hour
$11.31 (+156%) more than Indiana minimum wage and $11.31 (+156%) more than the Federal minimum wage.
Learn More About Greentown, Indiana Affordable Housing ↓

What HUD offices serve Greentown, 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 Greentown, Indiana.

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

How many renters live in Greentown, Indiana?

The City of Greentown has people living in households.

There are renters living in renter households in this City. Renters make up 14 percent of the population living in Greentown.

What is the rental market like in Greentown, Indiana?

There are an estimated housing units in the Greentown area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Greentown, Indiana, there are 1.14 rental units.

What is the vacancy rate for rentals in Greentown?

The rental vacancy rate in Greentown is 7 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 Greentown for each bedroom size?

Occupied Rental Units by Size in Greentown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 74 43 34 6
Occupied Rental Units by Size in Greentown

A large number of apartments in Greentown 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 Greentown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $788 to $1,428. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $788
One BR $793
Two BR $980
Three BR $1,299
Four BR $1,428
2024 Fair Market Rents in Greentown, Indiana

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

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 19 100 percent
One BR 51 69 percent
Two BR 42 98 percent
Rental Units Below FMR in Greentown, Indiana

How many affordable rental units are in Greentown?

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

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

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

Income Based Apartments in Greentown, Indiana

Greentown features 72 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 Greentown, Indiana

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greentown.

Housing Choice Vouchers in Greentown, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Greentown, Indiana for a two-bedroom apartment is between $882 and $1,078.

Sourced from federal housing data and AffordableHousingOnline.com research.

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