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

Discover affordable housing in Hamilton County where there are 76+ 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.

Lakeshore Reserve Off 86th Apartments and ...

8320 Spyglass Dr, Indianapolis, Indiana 46260

bed 1
payment $1055/mo.

TGM Autumn Woods

9075 Autumn Woods Dr, Indianapolis, Indiana 46250

bed 2
payment $1299/mo.

Pebble Brook Village

5475 Winding River Rd, Noblesville, Indiana 46062

bed 1-2
payment $1141-1170/mo.

Veridian Castleton

7503 Ivywood Cir, Indianapolis, Indiana 46250

bed 1-3
payment $924-1438/mo.

Estates at Crystal Bay

7136 Crystal Bay Dr E, Indianapolis, Indiana 46260

bed 1-3
payment $990-1415/mo.

Carmel Landing Apartment Homes

2223 E 151st St, Carmel, Indiana 46033

bed 2-3
payment $1260-1636/mo.

Sanctuary at Fishers

11400 Gables Dr, Fishers, Indiana 46038

bed 2
payment $1184/mo.

Avery Point Apartments

8525 Laurel Valley Dr, Indianapolis, Indiana 46250

bed 1-2
payment $995-1280/mo.

The Preserve on Allisonville Townhomes

5830 River Wood Dr, Indianapolis, Indiana 46250

bed 3
payment $1725/mo.

TGM Shadeland Station

7135 Thatcher Dr, Indianapolis, Indiana 46256

bed 1-2
payment $1139-1269/mo.

The Retreat Northwest

1130 Racquet Club North Dr, Indianapolis, Indiana 46260

bed 1-2
payment $994-1211/mo.

Riverbend Apartments

8850 Riverbend Pky, Indianapolis, Indiana 46250

bed 1-2
payment $919-1113/mo.

Grissom Estates Apartments

89 W Brinton St, Cicero, Indiana 46034

bed 2
payment $1000/mo.

The Masters Apartments

8975 Doral West Dr, Indianapolis, Indiana 46250

bed 1-2
payment $1131-1202/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.

Jefferson Place Apartments

602 Bradley Dr, Fortville, Indiana 46040

bed 1-3
payment $1041-1409/mo.

Pickwick Farms Apartments

1540 Handball Ln, Indianapolis, Indiana 46260

bed 1-2
payment $1004-1117/mo.

Landmark

7653 Woodmore Trace Ter, Indianapolis, Indiana 46260

bed Studio-1
payment $900-1080/mo.

Lakeview Court Apartments

314 Great Lakes Dr, Noblesville, Indiana 46060

bed 2
payment $1281/mo.

How To Identify Affordable Housing in Hamilton County, 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 Hamilton County, 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 Hamilton County, Indiana Affordable Housing ↓

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

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

How many renters live in Hamilton County, Indiana?

The County of Hamilton County has people living in households.

There are renters living in renter households in this County. Renters make up 20.21 percent of the population living in Hamilton County.

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

There are an estimated housing units in the Hamilton County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hamilton County, Indiana, there are 0.98 rental units.

What is the vacancy rate for rentals in Hamilton County?

The rental vacancy rate in Hamilton County 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 Hamilton County for each bedroom size?

Occupied Rental Units by Size in Hamilton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
742 7,961 11,915 7,401 2,209
Occupied Rental Units by Size in Hamilton County

A large number of apartments in Hamilton County 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 Hamilton County

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 Hamilton County, Indiana

How many units are rented at Fair Market Rent (FMR) in Hamilton 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 238 32 percent
One BR 2,947 37 percent
Two BR 5,656 47 percent
Rental Units Below FMR in Hamilton County, Indiana

How many affordable rental units are in Hamilton County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Hamilton County, Indiana

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

Income Based Apartments in Hamilton County, Indiana

Hamilton County features 388 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 Hamilton County, Indiana

There are 1,026 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamilton County.

Housing Choice Vouchers in Hamilton County, Indiana

On average, Section 8 Housing Choice vouchers pay Hamilton County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Hamilton County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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