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

Discover affordable housing in Lowell where there are 2+ 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.

Oaks IX Landmark Management

571 S. Burr Street, Lowell, Indiana

Weston Place

882 Mohawk Drive, Lowell, Indiana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lowell, 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 Lowell, Indiana Affordable Housing ↓

What HUD offices serve Lowell, 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 Lowell, Indiana.

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

How many renters live in Lowell, Indiana?

The City of Lowell has 10,723 people living in 3,825 households.

There are 1,785 renters living in 660 renter households in this City. Renters make up 16.65 percent of the population living in Lowell.

What is the rental market like in Lowell, Indiana?

There are an estimated 3,969 housing units in the Lowell area. Of these, 738 units are rental homes, making up 19 percent of the housing market. For every renter household in Lowell, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Lowell?

The rental vacancy rate in Lowell is 0 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 Lowell for each bedroom size?

Occupied Rental Units by Size in Lowell
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 121 271 215 29
Occupied Rental Units by Size in Lowell

A large number of apartments in Lowell have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Lowell are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 7 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lowell

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 Lowell, Indiana

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

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 24 100 percent
One BR 56 46 percent
Two BR 169 62 percent
Rental Units Below FMR in Lowell, Indiana

How many affordable rental units are in Lowell?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 46
Tracked Units by Federal Program in Lowell, Indiana

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

Income Based Apartments in Lowell, Indiana

Lowell features 46 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 Lowell, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lowell.

Housing Choice Vouchers in Lowell, Indiana

On average, Section 8 Housing Choice vouchers pay Lowell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lowell.

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

Sourced from federal housing data and AffordableHousingOnline.com research.