Low Income Apartments and Affordable Housing For Rent in Marion County, IN

Discover affordable housing in Marion County where there are 324+ 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.

Nora Commons on the Monon

8905 Evergreen Ave, Indianapolis, Indiana 46240

Brookhaven at County Line Road

940 Wild Indigo Ln, Indianapolis, Indiana 46227

One Penrose Place

9115 Hawkins Road, Lawrence, Indiana 46216

Preston Pointe Apartments

5910 E. 12th St, Indianapolis, Indiana 46219

Thirty Four North Apartments

3402 N Meridian St, Indianapolis, Indiana 46208

Walnut Ridge Apartments

3347 North Emerson Avenue, Indianapolis, Indiana 46218

Woodlake Apartments

7401 Merganser Drive, Indianapolis, Indiana 46260

Cambridge Square Beech Grove Apartments

335 E Churchman Pl, Beech Grove, Indiana 46107

Lynhurst Park Apartments

3215 Joey Way, Indianapolis, Indiana 46241

Laurelwood Apartments

3340 Teakwood Dr, Indianapolis, Indiana 46227

Lafayette Landing

2333 Lafayette Rd, Indianapolis, Indiana 46222

Cambridge Square North

7110 Township Line Rd, Indianapolis, Indiana 46260

Windsor Park Apartments

6764 Lambert St, Indianapolis, Indiana 46241

Gardens of Greenbriar Apartments

1344 Viburnum Drive, Indianapolis, Indiana 46260

Colonial Square Apartments

5650 Renn Lane, Indianapolis, Indiana 46220

Carriage House Glendale

2516 Tacoma Circle, Indianapolis, Indiana 46220

Carriage House East

10174 Tinton Court, Indianapolis, Indiana 46235

Andrews Gardens

3333 Boulevard Place #101, Indianapolis, Indiana 46208

Community Place

1201 Community Pl, Indianapolis, Indiana 46227

Capitol Station

7828 Madison Ave, Indianapolis, Indiana 46227

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

What HUD offices serve Marion County, 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 Marion County, Indiana.

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

How many renters live in Marion County, Indiana?

The County of Marion County has 969,466 people living in 404,259 households.

There are 355,459 renters living in 171,594 renter households in this County. Renters make up 36.67 percent of the population living in Marion County.

What is the rental market like in Marion County, Indiana?

There are an estimated 440,988 housing units in the Marion County area. Of these, 180,768 units are rental homes, making up 41 percent of the housing market. For every renter household in Marion County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Marion County?

The rental vacancy rate in Marion County 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 Marion County for each bedroom size?

Occupied Rental Units by Size in Marion County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8,037 57,080 64,969 33,862 6,260
Occupied Rental Units by Size in Marion County

A large number of apartments in Marion County 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 Marion County are overburdened by housing costs?

Among renter households in this market, 52 percent have housing cost burden. Further, 28 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 Marion County

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 Marion County, Indiana

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

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 5,785 72 percent
One BR 41,113 72 percent
Two BR 46,072 71 percent
Rental Units Below FMR in Marion County, Indiana

How many affordable rental units are in Marion County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 15,004
Public Housing 561
Section 8 Project-Based Rental Assistance 6,359
Section 202 Supportive Housing for the Elderly 669
Section 811 Supportive Housing for Persons with Disabilities 54
Tracked Units by Federal Program in Marion County, Indiana

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

Income Based Apartments in Marion County, Indiana

Marion County features 9,157 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 County, Indiana

There are 13,940 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion County.

Housing Choice Vouchers in Marion County, Indiana

On average, Section 8 Housing Choice vouchers pay Marion County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Marion County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion County, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.