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

Discover affordable housing in Osgood 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.

Buckeye Village

830 S Buckeye St, Osgood, Indiana 47037

Country Place Osgood

744 Shook Street, Osgood, Indiana 47037

Meadow Park Apts.

3891 W. Millhousen Rd., Osgood, Indiana

Osgood Community Homes

728 N. Buckeye, Osgood, Indiana

calendar_today Opened: Mar 4
Open Until Further Notice

Reported On March 4th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Osgood, Indiana
$16.74/hour
$9.49 (+131%) more than Indiana minimum wage and $9.49 (+131%) more than the Federal minimum wage.
Learn More About Osgood, Indiana Affordable Housing ↓

What HUD offices serve Osgood, 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), Family Self-Sufficiency programs for Osgood, Indiana.

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

How many renters live in Osgood, Indiana?

The City of Osgood has 1,672 people living in 624 households.

There are 771 renters living in 327 renter households in this City. Renters make up 46.11 percent of the population living in Osgood.

What is the rental market like in Osgood, Indiana?

There are an estimated 706 housing units in the Osgood area. Of these, 336 units are rental homes, making up 48 percent of the housing market. For every renter household in Osgood, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Osgood?

The rental vacancy rate in Osgood is 3 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 Osgood for each bedroom size?

Occupied Rental Units by Size in Osgood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 59 119 111 30
Occupied Rental Units by Size in Osgood

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

Among renter households in this market, 33 percent have housing cost burden. Further, 18 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 Osgood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,282. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $673
Two BR $884
Three BR $1,216
Four BR $1,282
2024 Fair Market Rents in Osgood, Indiana

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

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 0 100 percent
One BR 49 83 percent
Two BR 65 55 percent
Rental Units Below FMR in Osgood, Indiana

How many affordable rental units are in Osgood?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 54
Tracked Units by Federal Program in Osgood, Indiana

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

Income Based Apartments in Osgood, Indiana

Osgood features 96 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 Osgood, Indiana

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

Housing Choice Vouchers in Osgood, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Osgood, Indiana for a two-bedroom apartment is between $796 and $972.

Sourced from federal housing data and AffordableHousingOnline.com research.