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

Discover affordable housing in Posey County where there are 13+ 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.

Southwind Apartments

465 W. 9th St., Mount Vernon, Indiana 47620

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Pleasant View of Cynthiana

10365 Poplar St, Cynthiana, Indiana 47612

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Lamplight Manor Apartments of Mt Vernon

1305 Main St, Mount Vernon, Indiana 47620

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Lakewood Flats and Townhomes

5001 Lakeside Ct, Evansville, Indiana 47712

bed 1-3
payment $740-995/mo.

2128 W Illinois St

2128 W Illinois St, Evansville, Indiana 47712

bed 2
payment $995/mo.

2301 W Michigan St Unit G

2301 W Michigan St Unit G, Evansville, Indiana 47712

bed 2
payment $1000/mo.

6501 Uebelhack Rd

6501 Uebelhack Rd, Mount Vernon, Indiana 47620

bed 1
payment $575/mo.

Village Apartments of Mt Vernon

1446 Main St, Mount Vernon, Indiana 47620

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

EAST PARK APARTMENTS

30 N WALNUT ST, Poseyville, Indiana 47633

bed 1
payment Subsidized

Cynthiana Pleasant

10356 Poplar and Locust Street, Cynthiana, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Wadesville Homes Co : Nancy Butler

High St, Parkers Settlement, Indiana 47638

Cloverleaf Circle

1500 Jefferson St, Mount Vernon, Indiana 47620

payment Subsidized

4100 High and 7200 West Street

4100 High St, Parkers Settlement, Indiana 47638

How To Identify Affordable Housing in Posey 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: Sep 16
Open Until Further Notice
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Reported On March 15th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Posey County, Indiana
$20.27/hour
$13.02 (+180%) more than Indiana minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Posey County, Indiana Affordable Housing ↓

What HUD offices serve Posey 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 Posey County, Indiana.

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

How many renters live in Posey County, Indiana?

The County of Posey County has people living in households.

There are renters living in renter households in this County. Renters make up 15.49 percent of the population living in Posey County.

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

There are an estimated housing units in the Posey County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Posey County, Indiana, there are 1.07 rental units.

What is the vacancy rate for rentals in Posey County?

The rental vacancy rate in Posey County is 5 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 Posey County for each bedroom size?

Occupied Rental Units by Size in Posey County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 681 643 500 116
Occupied Rental Units by Size in Posey County

A large number of apartments in Posey 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 Posey County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $850
Two BR $1,070
Three BR $1,360
Four BR $1,558
2024 Fair Market Rents in Posey County, Indiana

How many units are rented at Fair Market Rent (FMR) in Posey 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 18 75 percent
One BR 578 85 percent
Two BR 466 72 percent
Rental Units Below FMR in Posey County, Indiana

How many affordable rental units are in Posey County?

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

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

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

Income Based Apartments in Posey County, Indiana

Posey County features 189 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 Posey County, Indiana

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Posey County.

Housing Choice Vouchers in Posey County, Indiana

On average, Section 8 Housing Choice vouchers pay Posey County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Posey County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Posey County, Indiana for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.

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