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

Discover affordable housing in Hancock County where there are 71+ 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.

Reflections at Bluestone Senior Housing

346 North Blue Road, Greenfield, Indiana 46140

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Stonehurst Pointe Apartments

2220 Stone Crossing Way , Greenfield, Indiana 46140

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

South Park Apartments

100 N 1st St, Shirley, Indiana 47384

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Prairie Meadows Apartments

2915 Switch Grass Dr, Greenfield, Indiana 46140

bed 1-3
payment $366-1050/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Good Shepherd Community

301 W Green Meadows Dr, Greenfield, Indiana 46140

payment Subsidized

Greenfield Crossing Apartments

2011 N East Bay Dr, Greenfield, Indiana 46140

bed 1-3
payment $1095-1440/mo.

Greenfield Knoll Apartments

1104 Swope St, Greenfield, Indiana 46140

bed 1-2
payment $1079-1239/mo.

The 85Twenty

8520 Sierra Ridge Dr, Indianapolis, Indiana 46239

bed 1-3
payment $1140-1699/mo.

Freeman Apartments LLC

9117 Briergate Ct, Indianapolis, Indiana 46229

bed 1-2
payment $860-1045/mo.

English Village

545 English Village Dr, Indianapolis, Indiana 46239

bed 1
payment $925/mo.

The Life at Belhaven Place

625 Belhaven Pl, Indianapolis, Indiana 46229

bed 1-4
payment $924-1757/mo.

Greenfield Village

1650 Village Dr W, Greenfield, Indiana 46140

bed 1-2
payment $1020-1160/mo.

Washington Village Apartments

4211 W Potomac Dr, Greenfield, Indiana 46140

bed 2-3
payment $1250-1410/mo.

Hamilton Station Apartments

101 Shamrock Cir, Pendleton, Indiana 46064

bed 3
payment $1300/mo.

416 E Main St

416 E Main St, Greenfield, Indiana 46140

bed 3
payment $1450/mo.

2342 Valley Creek Way

2342 Valley Creek Way, Indianapolis, Indiana 46229

bed 3
payment $1749/mo.

2210 Maple Run Ct

2210 Maple Run Ct, Indianapolis, Indiana 46229

bed 5
payment $2090/mo.

2545 Apple Tree Ln

2545 Apple Tree Ln, Indianapolis, Indiana 46229

bed 4
payment $2099/mo.

1020 E 7th St

1020 E 7th St, Greenfield, Indiana 46140

bed 3
payment $1750/mo.

1483 Hedge Ct

1483 Hedge Ct, Greenfield, Indiana 46140

bed 3
payment $1680/mo.

How To Identify Affordable Housing in Hancock 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: Mar 31
Open Until Further Notice
devices
calendar_month

Reported On September 28th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hancock 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 Hancock County, Indiana Affordable Housing ↓

What HUD offices serve Hancock 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 Hancock County, Indiana.

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

How many renters live in Hancock County, Indiana?

The County of Hancock County has people living in households.

There are renters living in renter households in this County. Renters make up 15.73 percent of the population living in Hancock County.

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

There are an estimated housing units in the Hancock County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hancock County, Indiana, there are 1.17 rental units.

What is the vacancy rate for rentals in Hancock County?

The rental vacancy rate in Hancock County is 2 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 Hancock County for each bedroom size?

Occupied Rental Units by Size in Hancock County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
307 1,346 2,510 1,636 309
Occupied Rental Units by Size in Hancock County

A large number of apartments in Hancock 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 Hancock 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 Hancock County, Indiana

How many units are rented at Fair Market Rent (FMR) in Hancock 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 182 59 percent
One BR 1,145 85 percent
Two BR 1,917 76 percent
Rental Units Below FMR in Hancock County, Indiana

How many affordable rental units are in Hancock County?

There are a variety of federal affordable housing programs serving households in Hancock 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 Hancock County, Indiana

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

Income Based Apartments in Hancock County, Indiana

Hancock County features 99 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 Hancock County, Indiana

There are 592 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hancock County.

Housing Choice Vouchers in Hancock County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hancock 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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