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

Discover affordable housing in Parke County where there are 8+ 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.

B-Line Heights Apartments

611 N Rogers Street, Bloomingdale, Indiana 47404

Burnett Manor

315 Stark St., Rockville, Indiana 47872

Anderson Green I

1422 N Blacks Mill Rd, Rockville, Indiana 47872

Brentwood Manor Apartments

101 Pine Dr, Rockville, Indiana 47872

Rockville Elderly Housing, L.P.

100 S. Pines Drive, Rockville, Indiana 47872

Rose Valley Apts

207 W Central St, Rosedale, Indiana

Pines Apts of Rockville

100 Pines Drive, Rockville, Indiana

174 West Central Street

174 W Central St, Rosedale, Indiana 47874

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Parke County, Indiana
$18.71/hour
$11.46 (+158%) more than Indiana minimum wage and $11.46 (+158%) more than the Federal minimum wage.
Learn More About Parke County, Indiana Affordable Housing ↓

How many renters live in Parke County, Indiana?

The County of Parke County has 16,327 people living in 5,725 households.

There are 2,803 renters living in 1,045 renter households in this County. Renters make up 17.17 percent of the population living in Parke County.

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

There are an estimated 7,604 housing units in the Parke County area. Of these, 1,061 units are rental homes, making up 14 percent of the housing market. For every renter household in Parke County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Parke County?

The rental vacancy rate in Parke 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 Parke County for each bedroom size?

Occupied Rental Units by Size in Parke County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
52 200 354 325 93
Occupied Rental Units by Size in Parke County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 15 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 Parke County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,316. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $745
One BR $752
Two BR $988
Three BR $1,311
Four BR $1,316
2024 Fair Market Rents in Parke County, Indiana

How many units are rented at Fair Market Rent (FMR) in Parke 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 31 60 percent
One BR 156 78 percent
Two BR 213 60 percent
Rental Units Below FMR in Parke County, Indiana

How many affordable rental units are in Parke County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 51
Section 8 Project-Based Rental Assistance 60
USDA Section 515 Rural Rental Housing 132
Tracked Units by Federal Program in Parke County, Indiana

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

Income Based Apartments in Parke County, Indiana

Parke County features 156 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 Parke County, Indiana

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parke County.

Housing Choice Vouchers in Parke County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Parke County, Indiana for a two-bedroom apartment is between $889 and $1,087.

Sourced from federal housing data and AffordableHousingOnline.com research.