Affordable Housing In Indianapolis
Marion County, Indiana

307 Low Income Apartment Communities In Indianapolis

Community Place

1201 Community Pl
Indianapolis, IN
Call For Rent
2-4 BR
HCV Welcome

Hampton Court

1329 W 75th Ct
Indianapolis, IN
Call For Rent
1-2 BR
HCV Welcome

The Braxton at Lugar Towers

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

Windsor Park II Apartments

6764 Lambert St
Indianapolis, IN
Call For Rent
1-2 BR
Subsidized

Canterbury House Apartments - Mann Road

6505 Tanner Dr
Indianapolis, IN
$359-1,154
1-4 BR
HCV Welcome

Pine Glen Apartments

4259 Burkhart Dr
Indianapolis, IN
$600-876
1-3 BR
HCV Welcome

Washington Pointe Apartments

625 Belhaven Dr
Indianapolis, IN
$671-1,094
1-4 BR
HCV Welcome

Nora Commons on the Monon

8905 Evergreen Ave
Indianapolis, IN
$776-1,082
1-2 BR
55+
HCV Welcome

Thirty Four North Apartments

3402 N Meridian St
Indianapolis, IN
$300-1,110
Studio-4 BR
HCV Welcome

Brookhaven at County Line Road

940 Wild Indigo Ln
Indianapolis, IN
$634-865
1-2 BR
55+
HCV Welcome

Housing Authorities that serve Indianapolis

Housing Authority Programs
Indianapolis Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Indianapolis

Housing Authority Programs
Indiana Housing and Community Development Authority Section 8 Housing Choice Voucher (HCV)
Community Action of Greater Indianapolis Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Indianapolis, Indiana

According to federal housing data and AffordableHousingOnline.com research, there are 307 low income housing apartment communities offering 24,008 affordable apartments for rent in Indianapolis, Indiana. Indianapolis features 8,756 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 14,914 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Indianapolis.

Indianapolis, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 307
Total Low Income Apartments 24,008
Total Housing Units with Rental Assistance 8,756
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.1

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 $79,900

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 Indianapolis HUD Rental Assistance in Indianapolis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
80% of Median $44,750 $51,150 $57,550 $63,900 $69,050 $74,150 $79,250 $84,350
Low Income Housing Tax Credits in Indianapolis

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2012, 173 low income apartment communities containing 13,813 rental apartments have been constructed and made affordable to low income persons in Indianapolis by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Indianapolis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
60% of Median $33,600 $38,400 $43,200 $47,940 $51,780 $55,620 $59,460 $63,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Indianapolis is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $700 $750 $900 $1,039 $1,159 $1,279
60% $840 $900 $1,080 $1,247 $1,391 $1,535
Fair Market Rents in Indianapolis

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$674 $778 $946 $1,256 $1,439