Low Income Apartments and Affordable Housing For Rent in Rochester, IN

Discover affordable housing in Rochester where there are 2+ 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.

Arbor Woods Apartments

500 Mitchell Dr, Rochester, Indiana 46975

Oakwood Apartments Landmark Management

433 E 18th St, Rochester, Indiana 46975

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Nov 14
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 Rochester, Indiana
$16.38/hour
$9.13 (+126%) more than Indiana minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Rochester, Indiana Affordable Housing ↓

What HUD offices serve Rochester, 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 Rochester, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Rochester, Indiana.

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

How many renters live in Rochester, Indiana?

The City of Rochester has 6,236 people living in 2,534 households.

There are 2,089 renters living in 955 renter households in this City. Renters make up 33.5 percent of the population living in Rochester.

What is the rental market like in Rochester, Indiana?

There are an estimated 3,236 housing units in the Rochester area. Of these, 955 units are rental homes, making up 30 percent of the housing market. For every renter household in Rochester, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Rochester?

The rental vacancy rate in Rochester is 0 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 Rochester for each bedroom size?

Occupied Rental Units by Size in Rochester
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
35 280 418 179 43
Occupied Rental Units by Size in Rochester

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

Among renter households in this market, 43 percent have housing cost burden. Further, 24 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 Rochester

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $602 to $1,152. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $602
One BR $658
Two BR $865
Three BR $1,046
Four BR $1,152
2024 Fair Market Rents in Rochester, Indiana

How many units are rented at Fair Market Rent (FMR) in Rochester?

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 35 100 percent
One BR 182 65 percent
Two BR 164 39 percent
Rental Units Below FMR in Rochester, Indiana

How many affordable rental units are in Rochester?

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

Federal Program Unit Count
Low Income Housing Tax Credit 56
Tracked Units by Federal Program in Rochester, Indiana

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

Income Based Apartments in Rochester, Indiana

Rochester features 24 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 Rochester, Indiana

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rochester.

Housing Choice Vouchers in Rochester, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rochester, Indiana for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.