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

Discover affordable housing in Owen County where there are 7+ 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.

Greenbriar Senior Apartments

770 E Franklin St, Spencer, Indiana 47460

bed 1
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Williamsburg Apartments Spencer

1 N Main St, Spencer, Indiana 47460

payment Subsidized

Sweet Owen

410 E Jefferson St, Spencer, Indiana 47460

payment Subsidized

Gosport Apartments

7 S 3rd St, Gosport, Indiana 47433

Pines Apartments of Spencer

25 Pines Drive, Spencer, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Rusty Manor

53 E Wayne St, Spencer, Indiana 47460

Kingston Ridge Apartments

582 N 5th St, Gosport, Indiana 47433

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Owen 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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calendar_month

Reported On January 11th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Owen County, Indiana
$17.03/hour
$9.78 (+135%) more than Indiana minimum wage and $9.78 (+135%) more than the Federal minimum wage.
Learn More About Owen County, Indiana Affordable Housing ↓

What HUD offices serve Owen 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 Owen County, Indiana.

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

How many renters live in Owen County, Indiana?

The County of Owen County has people living in households.

There are renters living in renter households in this County. Renters make up 20.09 percent of the population living in Owen County.

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

There are an estimated housing units in the Owen County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Owen County, Indiana, there are 1.02 rental units.

What is the vacancy rate for rentals in Owen County?

The rental vacancy rate in Owen County is 1 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 Owen County for each bedroom size?

Occupied Rental Units by Size in Owen County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 284 709 640 63
Occupied Rental Units by Size in Owen County

A large number of apartments in Owen 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 Owen County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $684
Two BR $899
Three BR $1,146
Four BR $1,488
2024 Fair Market Rents in Owen County, Indiana

How many units are rented at Fair Market Rent (FMR) in Owen 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 13 87 percent
One BR 142 50 percent
Two BR 307 43 percent
Rental Units Below FMR in Owen County, Indiana

How many affordable rental units are in Owen County?

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

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

Income Based Apartments in Owen County, Indiana

Owen County features 118 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 Owen County, Indiana

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owen County.

Housing Choice Vouchers in Owen County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Owen County, Indiana for a two-bedroom apartment is between $809 and $989.

Sourced from federal housing data and AffordableHousingOnline.com research.