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

Discover affordable housing in Indianapolis where there are 613+ 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.

Calvin Fletcher Llc

520 Virginia Ave, Indianapolis, Indiana 46203

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Hunters Ridge

9027 E 39th Pl, Indianapolis, Indiana 46235

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Woodridge Apartments

2085 Waterford Pl, Indianapolis, Indiana 46260

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Sencord Flat and Townhomes

550 Fletcher Ave, Indianapolis, Indiana 46203

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Oxford Terrace Homes IV

2919 Wheeler St, Indianapolis, Indiana 46218

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

The Phoenix Apartments

4004 Meadows Dr, Indianapolis, Indiana 46205

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Mfc Reclamation III

130 E 30th St, Indianapolis, Indiana 46205

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

St Joe Flats

128 E Saint Joseph St, Indianapolis, Indiana 46202

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Kenwood Area Doubles

2254 N Kenwood Ave, Indianapolis, Indiana 46208

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Kenwood Doubles II

359 W 25th St, Indianapolis, Indiana 46208

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Christian Place Apartments

824 N Alabama St, Indianapolis, Indiana 46204

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

1047 N Centennial 3231 W 11th Ave

1047 N Centennial St, Indianapolis, Indiana 46222

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Sutherland Place Apartments

530 Sutherland Ave, Indianapolis, Indiana 46205

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Keen Associates - 1991 - B ,

10455 McPherson St, Indianapolis, Indiana 46280

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Fall Creek Commons

55 W Fall Creek Parkway South Dr, Indianapolis, Indiana 46208

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Equity Fund - VI

559 N Dearborn St, Indianapolis, Indiana 46201

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Broadway Heights

1907 Broadway St, Indianapolis, Indiana 46202

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Prospect Street

1701 Prospect St, Indianapolis, Indiana 46203

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

318 - 320 East Beecher

318 E Beecher St, Indianapolis, Indiana 46225

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Caperton Homes

3508 Ralston Ave, Indianapolis, Indiana 46218

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Indianapolis, 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 Indianapolis, 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 Indianapolis, Indiana Affordable Housing ↓

What HUD offices serve 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.

Operates the 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) programs for Indianapolis, Indiana.

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

How many renters live in Indianapolis, Indiana?

The City of Indianapolis has people living in households.

There are renters living in renter households in this City. Renters make up 37.44 percent of the population living in Indianapolis.

What is the rental market like in Indianapolis, Indiana?

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

What is the vacancy rate for rentals in Indianapolis?

The rental vacancy rate in Indianapolis is 5 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 Indianapolis for each bedroom size?

Occupied Rental Units by Size in Indianapolis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7,376 52,866 60,766 31,116 5,655
Occupied Rental Units by Size in Indianapolis

A large number of apartments in Indianapolis 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 Indianapolis

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 Indianapolis, Indiana

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

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 5,152 70 percent
One BR 38,296 72 percent
Two BR 42,718 70 percent
Rental Units Below FMR in Indianapolis, Indiana

How many affordable rental units are in Indianapolis?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Indianapolis, Indiana

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

Income Based Apartments in Indianapolis, Indiana

Indianapolis features 8,763 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 13,955 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 $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening