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

Discover affordable housing in Pike County where there are 9+ 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.

Brookfield Apartments

200 W Pike Ave, Petersburg, Indiana 47567

Liberty Apartments

800 N Liberty Ave, Petersburg, Indiana 47567

Ginger Hills Apartments

414 Factory Street, Winslow, Indiana 47598

Sycamore Apartments

111 E Sycamore St, Petersburg, Indiana 47567

Otwell Ruritan Senior Housing III

Jefferson St, Otwell, Indiana 47564

Otwell Ruritan Senior Housing Inc I

1 Jefferson St, Otwell, Indiana 47564

Ginger Hills CO : Tina Squires

410 W Factory St, Winslow, Indiana 47598

The Haven Apartments

8th and Mccoy, Petersburg, Indiana 47567

Poplar

N 10th Hwy, Petersburg, Indiana 47567

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pike County, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Pike County, Indiana Affordable Housing ↓

What HUD offices serve Pike 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 Pike County, Indiana.

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

How many renters live in Pike County, Indiana?

The County of Pike County has 12,227 people living in 5,031 households.

There are 1,260 renters living in 723 renter households in this County. Renters make up 10.31 percent of the population living in Pike County.

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

There are an estimated 5,590 housing units in the Pike County area. Of these, 778 units are rental homes, making up 14 percent of the housing market. For every renter household in Pike County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Pike County?

The rental vacancy rate in Pike County is 4 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 Pike County for each bedroom size?

Occupied Rental Units by Size in Pike County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 176 288 168 73
Occupied Rental Units by Size in Pike County

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

Among renter households in this market, 33 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 Pike County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,187. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $769
Two BR $863
Three BR $1,182
Four BR $1,187
2024 Fair Market Rents in Pike County, Indiana

How many units are rented at Fair Market Rent (FMR) in Pike 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 6 100 percent
One BR 144 82 percent
Two BR 182 63 percent
Rental Units Below FMR in Pike County, Indiana

How many affordable rental units are in Pike County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Section 8 Project-Based Rental Assistance 56
USDA Section 515 Rural Rental Housing 62
Tracked Units by Federal Program in Pike County, Indiana

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

Income Based Apartments in Pike County, Indiana

Pike County features 108 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 Pike County, Indiana

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.

Housing Choice Vouchers in Pike County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pike County, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.