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

Discover affordable housing in Odon where there are 4+ 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.

Capehart Manor

300 N West St, Odon, Indiana 47562

bed 1
payment Subsidized

Maplewood Apartments

105 Demotte Dr, Odon, Indiana 47562

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Countryview Estates Odon

317 Race St E, Odon, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Odon Housing Corp

301 S Smiley St, Odon, Indiana 47562

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Odon, 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: Aug 15
Open Until Further Notice
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Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Odon, Indiana
$16.63/hour
$9.38 (+129%) more than Indiana minimum wage and $9.38 (+129%) more than the Federal minimum wage.
Learn More About Odon, Indiana Affordable Housing ↓

What HUD offices serve Odon, 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 Odon, Indiana.

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

How many renters live in Odon, Indiana?

The City of Odon has people living in households.

There are renters living in renter households in this City. Renters make up 23.29 percent of the population living in Odon.

What is the rental market like in Odon, Indiana?

There are an estimated housing units in the Odon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Odon, Indiana, there are 1.13 rental units.

What is the vacancy rate for rentals in Odon?

The rental vacancy rate in Odon is 8 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 Odon for each bedroom size?

Occupied Rental Units by Size in Odon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
25 108 51 44 0
Occupied Rental Units by Size in Odon

A large number of apartments in Odon 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 Odon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,169. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $669
One BR $673
Two BR $878
Three BR $1,088
Four BR $1,169
2024 Fair Market Rents in Odon, Indiana

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

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 22 88 percent
One BR 45 42 percent
Two BR 33 65 percent
Rental Units Below FMR in Odon, Indiana

How many affordable rental units are in Odon?

There are a variety of federal affordable housing programs serving households in Odon, 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 Odon, Indiana

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

Income Based Apartments in Odon, Indiana

Odon features 81 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 Odon, Indiana

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

Housing Choice Vouchers in Odon, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Odon, Indiana for a two-bedroom apartment is between $790 and $966.

Sourced from federal housing data and AffordableHousingOnline.com research.

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