Low Income Apartments and Affordable Housing For Rent in Michigan City, IN

Discover affordable housing in Michigan City where there are 22+ 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.

501 Springland Avenue

501 Springland Ave, Michigan City, Indiana 46360

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

1204 East Michigan Blvd

1204 E Michigan Blvd, Michigan City, Indiana 46360

How To Identify Affordable Housing in Michigan City, 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.
calendar_today Opened: Apr 1
Open Until Further Notice
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Reported On September 29th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Michigan City, Indiana
$19.24/hour
$11.99 (+165%) more than Indiana minimum wage and $11.99 (+165%) more than the Federal minimum wage.
Learn More About Michigan City, Indiana Affordable Housing ↓

What HUD offices serve Michigan City, 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 Michigan City, Indiana.

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

How many renters live in Michigan City, Indiana?

The City of Michigan City has people living in households.

There are renters living in renter households in this City. Renters make up 36.08 percent of the population living in Michigan City.

What is the rental market like in Michigan City, Indiana?

There are an estimated housing units in the Michigan City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Michigan City, Indiana, there are 1.08 rental units.

What is the vacancy rate for rentals in Michigan City?

The rental vacancy rate in Michigan City is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Michigan City for each bedroom size?

Occupied Rental Units by Size in Michigan City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
182 1,342 2,180 1,077 211
Occupied Rental Units by Size in Michigan City

A large number of apartments in Michigan City 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 Michigan City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $689 to $1,461. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $689
One BR $823
Two BR $1,016
Three BR $1,299
Four BR $1,461
2024 Fair Market Rents in Michigan City, Indiana

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

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 72 40 percent
One BR 775 58 percent
Two BR 1,513 69 percent
Rental Units Below FMR in Michigan City, Indiana

How many affordable rental units are in Michigan City?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Michigan City, Indiana

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

Income Based Apartments in Michigan City, Indiana

Michigan City features 549 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 Michigan City, Indiana

There are 330 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Michigan City.

Housing Choice Vouchers in Michigan City, Indiana

On average, Section 8 Housing Choice vouchers pay Michigan City landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Michigan City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Michigan City, Indiana for a two-bedroom apartment is between $914 and $1,118.

Sourced from federal housing data and AffordableHousingOnline.com research.

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