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

Discover affordable housing in Hobart where there are 10+ 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.

Lake Park Senior Apartments

51 10th Street West, Hobart, Indiana 46342

bed 1-2
payment $550-1450/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Kirby Manor Apartments

402 W. 14th St., Hobart, Indiana 46342

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based

Linden House Hobart

360 W 61st Ave, Hobart, Indiana 46342

payment Subsidized
elderly Senior
accessibility Accessible

Haven Hobart

333 Neringa Ln, Hobart, Indiana 46342

bed 1-2
payment $934-1140/mo.

Hampshire Park

400 N Lake Park Ave, Hobart, Indiana 46342

bed 2
payment $1229/mo.

3329 Michigan St Unit 3329 Michigan #3 - Basement

3329 Michigan St Unit 3329 Michigan #3 - Basement, Hobart, Indiana 46342

bed 1
payment $795/mo.

660 N Hobart Rd Unit Apt 8

660 N Hobart Rd Unit Apt 8, Hobart, Indiana 46342

bed 1
payment $795/mo.

662 N Hobart Rd Unit Apt 3

662 N Hobart Rd Unit Apt 3, Hobart, Indiana 46342

bed 2
payment $800/mo.

1637 E 33rd Ave

1637 E 33rd Ave, Hobart, Indiana 46342

bed 3
payment $1450/mo.

416 McKinley Ave

416 McKinley Ave, Hobart, Indiana 46342

bed 3
payment $1495/mo.

How To Identify Affordable Housing in Hobart, 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 Hobart, Indiana
$23.75/hour
$16.50 (+228%) more than Indiana minimum wage and $16.50 (+228%) more than the Federal minimum wage.
Learn More About Hobart, Indiana Affordable Housing ↓

What HUD offices serve Hobart, 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 Hobart, Indiana.

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

How many renters live in Hobart, Indiana?

The City of Hobart has people living in households.

There are renters living in renter households in this City. Renters make up 25.61 percent of the population living in Hobart.

What is the rental market like in Hobart, Indiana?

There are an estimated housing units in the Hobart area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hobart, Indiana, there are 1.06 rental units.

What is the vacancy rate for rentals in Hobart?

The rental vacancy rate in Hobart is 4 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 Hobart for each bedroom size?

Occupied Rental Units by Size in Hobart
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
168 1,034 1,381 663 166
Occupied Rental Units by Size in Hobart

A large number of apartments in Hobart 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 Hobart

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $869 to $1,672. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $869
One BR $1,027
Two BR $1,254
Three BR $1,539
Four BR $1,672
2024 Fair Market Rents in Hobart, Indiana

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

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 90 54 percent
One BR 427 41 percent
Two BR 695 50 percent
Rental Units Below FMR in Hobart, Indiana

How many affordable rental units are in Hobart?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Hobart, Indiana

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

Income Based Apartments in Hobart, Indiana

Hobart features 90 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 Hobart, Indiana

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hobart.

Housing Choice Vouchers in Hobart, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hobart, Indiana for a two-bedroom apartment is between $1,129 and $1,379.

Sourced from federal housing data and AffordableHousingOnline.com research.

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