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

Discover affordable housing in Putnam County where there are 17+ 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.

Millstone Pointe

104 Millstone Pointe Drive, Greencastle, Indiana 46135

switch_access_shortcut Short Wait
accessibility Accessible

Russellville Apartments

105 Fordice Street, Russellville, Indiana 46175

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Clover Park Apartments

2543 E County Road 1000 S, Cloverdale, Indiana 46120

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Windsor Apartments

129 W. 2nd Street 201 W. 2nd Street 133 W. 1st Street , Russellville, Indiana 46173

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Cloverdale Community Housing

452 N Grant Street, Cloverdale, Indiana 46120

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Castlebury Apartments

1043 Castlebury Dr, Greencastle, Indiana 46135

payment Subsidized

Miller Asbury Apartments

522 Anderson Street, Greencastle, Indiana 46135

bed 1-2
payment $290-595/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Ridgewood Apartments

502 1/2 N Main St, Cloverdale, Indiana 46120

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

Millstone Pointe Apartments

104 Millstone Pointe Drive, Greencastle, Indiana 46135

Country Place Apartments

51 Woodhaven Dr, Greencastle, Indiana 46135

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible

Opportunity Housing Fillmore

311 N Main St, Fillmore, Indiana 46128

Opportunity Housing Greencastle Housing

208 N Indiana St, Greencastle, Indiana 46135

Northview Apartments

600 N Arlington St, Greencastle, Indiana 46135

payment Subsidized

Round Barn Manor

1180 Horseshoe Dr, Greencastle, Indiana 46135

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Cloverview Apts

604 South Main, Cloverdale, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Canterbury Estates I CO Samaritans Co.

1043 Canterbury Dr, Greencastle, Indiana 46135

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Putnam County Housing

RR 2 Box 218, Cloverdale, Indiana 46120

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Putnam 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Putnam County, Indiana
$21.29/hour
$14.04 (+194%) more than Indiana minimum wage and $14.04 (+194%) more than the Federal minimum wage.
Learn More About Putnam County, Indiana Affordable Housing ↓

How many renters live in Putnam County, Indiana?

The County of Putnam County has people living in households.

There are renters living in renter households in this County. Renters make up 19.52 percent of the population living in Putnam County.

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

There are an estimated housing units in the Putnam County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Putnam County, Indiana, there are 1.03 rental units.

What is the vacancy rate for rentals in Putnam County?

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

Occupied Rental Units by Size in Putnam County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
69 840 1,545 956 129
Occupied Rental Units by Size in Putnam County

A large number of apartments in Putnam 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 Putnam County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $827 to $1,729. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $827
One BR $855
Two BR $1,124
Three BR $1,503
Four BR $1,729
2024 Fair Market Rents in Putnam County, Indiana

How many units are rented at Fair Market Rent (FMR) in Putnam 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 55 80 percent
One BR 524 62 percent
Two BR 1,266 82 percent
Rental Units Below FMR in Putnam County, Indiana

How many affordable rental units are in Putnam County?

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

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

Income Based Apartments in Putnam County, Indiana

Putnam County features 228 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 Putnam County, Indiana

There are 202 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putnam County.

Housing Choice Vouchers in Putnam County, Indiana

On average, Section 8 Housing Choice vouchers pay Putnam County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Putnam County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Putnam County, Indiana for a two-bedroom apartment is between $1,012 and $1,236.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening