Low Income Apartments and Affordable Housing For Rent in Rome City, IN

Discover affordable housing in Rome City where there are 1+ 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.

Front St Court and Sylvan Manor

150 Kerr Ave, Rome City, Indiana 46784

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 Rome City, Indiana
$16.61/hour
$9.36 (+129%) more than Indiana minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Rome City, Indiana Affordable Housing ↓

What HUD offices serve Rome City, 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 Rome City, Indiana.

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

How many renters live in Rome City, Indiana?

The City of Rome City has 1,341 people living in 556 households.

There are 249 renters living in 97 renter households in this City. Renters make up 18.57 percent of the population living in Rome City.

What is the rental market like in Rome City, Indiana?

There are an estimated 811 housing units in the Rome City area. Of these, 104 units are rental homes, making up 13 percent of the housing market. For every renter household in Rome City, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Rome City?

The rental vacancy rate in Rome City is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Rome City for each bedroom size?

Occupied Rental Units by Size in Rome City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 6 36 50 5
Occupied Rental Units by Size in Rome City

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

Among renter households in this market, 42 percent have housing cost burden. Further, 22 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 Rome City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $594 to $1,397. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $594
One BR $667
Two BR $877
Three BR $1,077
Four BR $1,397
2024 Fair Market Rents in Rome City, Indiana

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

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
One BR 4 67 percent
Two BR 26 72 percent
Rental Units Below FMR in Rome City, Indiana

How many affordable rental units are in Rome City?

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

Federal Program Unit Count
Public Housing 50
Tracked Units by Federal Program in Rome City, Indiana

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

Income Based Apartments in Rome City, Indiana

Rome City features 50 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 Rome City, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rome City.

Housing Choice Vouchers in Rome City, Indiana

On average, Section 8 Housing Choice vouchers pay Rome City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rome City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rome City, Indiana for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.