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

Discover affordable housing in Salem where there are 10+ 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.

Parkview Apartments

817 Parkview Dr, Salem, Indiana 47167

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Maple Leaf Apartments

804 W Market St, Salem, Indiana 47167

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Meadow Dell Apartments

110 Meadow Dell Avenue, Salem, Indiana 46167

Grandview Manor North

508 Grandview Dr, Salem, Indiana 47167

payment Subsidized

Grandview Manor South

509 Grandview Dr, Salem, Indiana 47167

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Sycamore Hills CO Landmark Management

505 Florence St, Salem, Indiana 47167

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

New Horizon Apartments Hoosier Uplands

905 Aspen Dr, Salem, Indiana 47167

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Aspen Meadows II

1017 Aspen Dr, Salem, Indiana 47167

switch_access_shortcut Short Wait
accessibility Accessible

1011 Aspen Street

1011 Aspen Dr, Salem, Indiana 47167

North Cauble Street

N Cauble St, Salem, Indiana 47167

How To Identify Affordable Housing in Salem, 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: Aug 15
Open Until Further Notice
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Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Salem, Indiana
$18.73/hour
$11.48 (+158%) more than Indiana minimum wage and $11.48 (+158%) more than the Federal minimum wage.
Learn More About Salem, Indiana Affordable Housing ↓

What HUD offices serve Salem, 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 Salem, Indiana.

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

How many renters live in Salem, Indiana?

The City of Salem has people living in households.

There are renters living in renter households in this City. Renters make up 28.83 percent of the population living in Salem.

What is the rental market like in Salem, Indiana?

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

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem 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 Salem for each bedroom size?

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
39 251 295 192 9
Occupied Rental Units by Size in Salem

A large number of apartments in Salem 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 Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,317. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $745
One BR $753
Two BR $989
Three BR $1,236
Four BR $1,317
2024 Fair Market Rents in Salem, Indiana

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

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 39 100 percent
One BR 220 88 percent
Two BR 250 85 percent
Rental Units Below FMR in Salem, Indiana

How many affordable rental units are in Salem?

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

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

Income Based Apartments in Salem, Indiana

Salem features 224 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 Salem, Indiana

There are 119 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, Indiana for a two-bedroom apartment is between $890 and $1,088.

Sourced from federal housing data and AffordableHousingOnline.com research.

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