Affordable Housing In Lake County
Indiana

81 Low Income Apartment Communities In Lake County

Lake Park Senior Apartments

51 10th Street West
Hobart, IN
$550-1,450
1-2 BR
62+
HCV Welcome

Gary Manor Apartments

1200 Washington St
Gary, IN
Income Based
1-3 BR
62+
Subsidized

Lakeside Garden Apartments

3806 Erie Ct
East Chicago, IN
Income Based
1-3 BR
HCV Welcome

Park Shore Commons

860 N Wells St
Gary, IN
Income Based
1-3 BR
Subsidized

Saxony Townhomes

1349 175th St
Hammond, IN
Call For Rent
2-4 BR
HCV Welcome

Golden Manor Apartments

1201 175th St
Hammond, IN
Call For Rent
1 BR
HCV Welcome

St. John Homes

2173 Carolina St
Gary, IN
Call For Rent
2-3 BR
Subsidized

Gary NSA III

477 Arthur St
Gary, IN
Call For Rent
1-2 BR

Gary NSA V

501 Madison St
Gary, IN
Subsidized

Mt. Zion Pleasantview Apartments

940 Kenwood Street
Hammond, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 81 low income housing apartment complexes which contain 9,613 affordable apartments for rent in Lake County. Many of these rental apartments are income based housing with 6,917 apartments that set rent based on your income. In Lake County, HUD housing programs support 3,003 rental assistance apartments through programs like Project-based Section 8. There are 2,696 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Lake County

Housing Authority Programs
Hammond Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency
Gary Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
East Chicago Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Northwest Indiana Community Action Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lake County, Indiana

Lake County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 81
Total Low Income Apartments 9,613
Total Rent Assisted Apartments 6,917
Percentage of Housing Units Occupied By Renters 31.14%
Average Renter Household Size 2.53
Total Population 491,596
Housing Units 183,314
Average Household Size 2.65
Median Household Income $50,135 ±$639
Median Rent $819 ±$10
Percentage Of Renters Overburdened 47.55% ± 1.81pp

Population and Household Demographics

Lake County is a County in Indiana with a population of 491,596. There are 183,314 households in the county with an average household size of 2.65 persons. 31.14% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $50,135 a year, or $4,178 a month. The median rent for the county is $819 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $2,730 a month would be considered overburdened when renting an apartment at or above the median rent. 47.55% of households who rent are overburdened in Lake County.1

Area Median Income In Lake County

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.

In Lake County, HUD calculates the Area Median Income for a family of four as $72,800

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 Lake County

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 Lake County HUD Rental Assistance in Lake County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,500 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% of Median $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900
Low Income Housing Tax Credits in Lake County

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

From 1987 to 2011, 28 low income apartment communities containing 3,501 rental apartments have been constructed and made affordable to low income persons in Lake County 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 Lake County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
60% of Median $30,600 $34,980 $39,360 $43,680 $47,220 $50,700 $54,180 $57,660

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 Lake County is $39,360 a year, or $3,280 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,280 by 30% to get a maximum rent of $984 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% $638 $683 $820 $947 $1,056 $1,165
60% $765 $820 $984 $1,136 $1,268 $1,398
Fair Market Rents in Lake County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$590 $751 $919 $1,164 $1,285

Cities In Lake County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Gary 40 The HUD funded Public Housing Agency that serves Gary is the Gary Housing Authority.
Merrillville 12 The HUD funded Public Housing Agency that serves Merrillville is the Gary Housing Authority.
Hammond 12 The HUD funded Public Housing Agency that serves Hammond is the Hammond Housing Authority.
Crown Point 1
East Chicago 14 The HUD funded Public Housing Agency that serves East Chicago is the East Chicago Housing Authority.
Cedar Lake 0
Lowell 0
Hobart 2
Highland 0
Schererville 0
Whiting 0
Dyer 0
Griffith 0
Lake Dalecarlia 0
Lakes of the Four Seasons 0
Lake Station 0
Munster 0
New Chicago 0
St. John 0
Schneider 0
Shelby 0
Winfield 0