Affordable Housing In Indianapolis
Marion County, Indiana

Affordable Housing programs support 9,127 income based apartments in Indianapolis where households pay rent based on how much they earn.

There are 14,576 affordable apartments in Indianapolis that offer reduced rents to low-income households.

Waiting Lists in Indianapolis, Indiana

There are no open Section 8 Housing Choice Voucher waiting lists in Indianapolis. Go to the Indiana Section 8 Waiting Lists page for openings near Indianapolis.

16 Park Apartments

1621 N Park Ave
Indianapolis, Indiana
Call For Rent
1-4 BR
Rent Assisted

Community Place

1201 Community Pl
Indianapolis, Indiana
Call For Rent
2-4 BR
Affordable

Hampton Court

1329 West 75th Court
Indianapolis, Indiana
Call For Rent
1-2 BR
Affordable

The Braxton at Lugar Tower

911 Fort Wayne Ave
Indianapolis, Indiana
$681-1,016
1-2 BR

Windsor Park Apartments

6764 Lambert St
Indianapolis, Indiana
Call For Rent
1-2 BR
Rent Assisted

Canterbury House Apartments - Mann Road

6505 Tanner Dr
Indianapolis, Indiana
$359-1,154
1-4 BR
Affordable

Nora Commons on the Monon

8905 Evergreen Ave
Indianapolis, Indiana
$776-1,082
1-2 BR
55+
Affordable

Thirty Four North Apartments

3402 N Meridian St
Indianapolis, Indiana
$300-1,110
Studio-4 BR
Affordable

Brookhaven at County Line Road

940 Wild Indigo Ln
Indianapolis, Indiana
$634-865
1-2 BR
55+
Affordable

Enclave at Meridian

3777 N Meridian Street
Indianapolis, Indiana
Call For Rent
Studio-2 BR
Affordable
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Affordable Housing Near Indianapolis

View affordable apartments and waiting lists in cities near Indianapolis

City Apartments
Affordable Housing In Beech Grove, IN Affordable Housing programs support 3 apartment communities in Beech Grove.
Affordable Housing In Lawrence, IN Affordable Housing programs support 2 apartment communities in Lawrence.

Public Housing Agencies Serving Indianapolis, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Indianapolis Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD)
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Indianapolis.

Indianapolis, Indiana Affordable Housing Data

Income Based Apartments in Indianapolis, Indiana

Indianapolis features 9,127 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 Indianapolis, Indiana

There are 14,576 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indianapolis.

Housing Choice Vouchers in Indianapolis, Indiana

On average, Section 8 Housing Choice vouchers pay Indianapolis landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Indianapolis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Indianapolis, Indiana for a two-bedroom apartment is between $959 and $1,172.

2023 Indianapolis, Indiana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Indianapolis, Indiana Fair Market Rent $771 $897 $1,065 $1,397 $1,671
Indianapolis, Indiana Payment Standard Range $694 to $848 $807 to $987 $959 to $1,172 $1,257 to $1,537 $1,504 to $1,838

Sourced from federal housing data and AffordableHousingOnline.com research.

Indianapolis, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 314
Total Low Income Apartments 23,831
Total Housing Units with Rental Assistance 9,127
Percentage of Housing Units Occupied By Renters 46.3%
Average Renter Household Size 2.37
Average Household Size 2.50
Median Household Income $41,987 ±$455
Median Rent $791 ±$6
Percentage Of Renters Overburdened 51% ± 1.22pp
Total Population 841,449

Population and Household Demographics

Indianapolis is a city in Marion County, Indiana with a population of 841,449. There are 330,243 households in the city with an average household size of 2.50 persons. 46.3% of households in Indianapolis are renters.

Income and Rent Overburden in Indianapolis

The median gross income for households in Indianapolis is $41,987 a year, or $3,499 a month. The median rent for the city is $791 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Indianapolis, a household making less than $2,637 a month would be considered overburdened when renting an apartment at or above the median rent. 51% of households who rent are overburdened in Indianapolis.

Area Median Income In Indianapolis

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Indianapolis, the AMI is calculated from all households within Marion County.

In Indianapolis, HUD calculates the Area Median Income for a family of four as $94,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Indianapolis

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Indianapolis

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Indianapolis AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,200 $21,950 $24,700 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Indianapolis AMI may qualify for rental assistance programs that target Very Low Income households.
$32,000 $36,550 $41,100 $45,650 $49,350 $53,000 $56,650 $60,300
80% AMI Income Limits
Renters earning up to 80% of the Indianapolis AMI may qualify for rental assistance programs that target Low Income households.
$51,150 $58,450 $65,750 $73,050 $78,900 $84,750 $90,600 $96,450