Affordable Housing In Marion
Grant County, Indiana

23 Low Income Apartment Communities In Marion

Cambridge Square Marion

1525 W Timberview Dr
Marion, Indiana
Call For Rent
1 BR
Subsidized
62+

Prince Hall Plaza

3678 Prince Hall Dr
Marion, Indiana
Income Based
Studio-2 BR
Subsidized

Greentree West Apartments

418 N. Greentree Drive
Marion, Indiana
Income Based
1-3 BR
Subsidized

Prince Hall Towers

3746 Prince Hall Dr
Marion, Indiana
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Hunters Run Apartments

717 E Hunters Run Drive
Marion, Indiana
Call For Rent
Studio-3 BR

Plaza Green Apartments

939 North Park Street
Marion, Indiana
$616-708
2-3 BR

Chambers Park

4343 S LINCOLN BLVD
Marion, Indiana
Call For Rent
1 BR
Veterans Welcome

RIVERSIDE APARTMENTS

708 N RIVER DR
Marion, Indiana
Call For Rent
1 BR
Subsidized

Carey Court

2900 S Carey St
Marion, Indiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Nba Flinn Place

612 W 12th St
Marion, Indiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Housing Authorities that serve Marion

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

Guide To Affordable Housing in Marion, Indiana

There are 23 low income housing apartment communities offering 1,366 affordable apartments for rent in Marion, Indiana.

Income Based Apartments in Marion, Indiana

Marion features 1,033 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 Marion, Indiana

There are 333 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, Indiana

On average, Section 8 Housing Choice vouchers pay Marion landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Marion.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, Indiana for a two-bedroom apartment is between $659 and $805.

2021 Marion, 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
Marion, Indiana Fair Market Rent $574 $598 $732 $961 $1,099
Marion, Indiana Payment Standard Range $517 to $631 $538 to $658 $659 to $805 $865 to $1,057 $989 to $1,209

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 1,366
Total Housing Units with Rental Assistance 1,033
Percentage of Housing Units Occupied By Renters 42.35%
Average Renter Household Size 2.16
Average Household Size 2.21
Median Household Income $32,716 ±$1,605
Median Rent $625 ±$40
Percentage Of Renters Overburdened 41.71% ± 5.65pp
Total Population 29,075

Population and Household Demographics

Marion is a city in Grant County, Indiana with a population of 29,075. There are 11,385 households in the city with an average household size of 2.21 persons. 42.35% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $32,716 a year, or $2,726 a month. The median rent for the city is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 41.71% of households who rent are overburdened in Marion.

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Grant County.

In Marion, HUD calculates the Area Median Income for a family of four as $55,200

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 Marion

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 Marion

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 Marion AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,050 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,100
50% AMI Income Limits
Renters earning up to 50% of the Marion AMI may qualify for rental assistance programs that target Very Low Income households.
$23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
80% AMI Income Limits
Renters earning up to 80% of the Marion AMI may qualify for rental assistance programs that target Low Income households.
$37,450 $42,800 $48,150 $53,450 $57,750 $62,050 $66,300 $70,600