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

Discover affordable housing in Morgan County where there are 13+ 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.

The Retreat at Mineral Springs

110 N. Main St., Martinsville, Indiana 46151

bed Studio-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Heather Heights Apartments

950 Cloverleaf Court, Martinsville, Indiana 46151

bed 1-2
payment Subsidized

Morgan House I

490 N Main St, Martinsville, Indiana 46151

payment Subsidized

Spring Hill Apartments I

301 Springmill Dr, Mooresville, Indiana 46158

payment Subsidized
accessibility Accessible

Morgan House II

470 N Main St, Martinsville, Indiana 46151

payment Subsidized

Ken-Mar Apartments

210 W Pike St, Martinsville, Indiana 46151

payment Subsidized

3098 W Meadowbend Ln

3098 W Meadowbend Ln, Monrovia, Indiana 46157

bed 4
payment $2105/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Village of Morgantown

370 N Church St, Morgantown, Indiana 46160

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Pines Apartments of Martinsville

33 Pine Dr, Martinsville, Indiana 46151

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Towne View Apartments

5 Crosby Rd, Mooresville, Indiana 46158

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Brooklyn Meadows

17 Brooklyn Meadows, Mooresville, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Country View Apartments - 2

338 Country View Ct, Martinsville, Indiana 46151

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

308 Rogers Road

308 Rogers Rd, Martinsville, Indiana 46151

How To Identify Affordable Housing in Morgan County, 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: Jul 14
Open Until Further Notice
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Reported On January 11th, 2024 by Ayat Elkarib

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

What HUD offices serve Morgan 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) programs for Morgan County, Indiana.

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

How many renters live in Morgan County, Indiana?

The County of Morgan County has people living in households.

There are renters living in renter households in this County. Renters make up 18.02 percent of the population living in Morgan County.

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

There are an estimated housing units in the Morgan County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Morgan County, Indiana, there are 0.84 rental units.

What is the vacancy rate for rentals in Morgan County?

The rental vacancy rate in Morgan County is 10 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 Morgan County for each bedroom size?

Occupied Rental Units by Size in Morgan County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 854 2,339 1,214 280
Occupied Rental Units by Size in Morgan County

A large number of apartments in Morgan County 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 Morgan 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 Morgan County, Indiana

How many units are rented at Fair Market Rent (FMR) in Morgan 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 11 100 percent
One BR 693 81 percent
Two BR 1,857 79 percent
Rental Units Below FMR in Morgan County, Indiana

How many affordable rental units are in Morgan County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Morgan County, Indiana

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

Income Based Apartments in Morgan County, Indiana

Morgan County features 340 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 Morgan County, Indiana

There are 228 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morgan County.

Housing Choice Vouchers in Morgan County, Indiana

On average, Section 8 Housing Choice vouchers pay Morgan County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Morgan County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.