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

Discover affordable housing in Shirley 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.

South Park Apartments

100 N 1st St, Shirley, Indiana 47384

Shirley Villas

1 1st St, Shirley, Indiana 0

calendar_today Opens: Mar 31

Reported On February 15th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shirley, Indiana
$25.55/hour
$18.30 (+252%) more than Indiana minimum wage and $18.30 (+252%) more than the Federal minimum wage.
Learn More About Shirley, Indiana Affordable Housing ↓

What HUD offices serve Shirley, 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 Shirley, Indiana.

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

How many renters live in Shirley, Indiana?

The City of Shirley has 1,027 people living in 387 households.

There are 128 renters living in 55 renter households in this City. Renters make up 12.46 percent of the population living in Shirley.

What is the rental market like in Shirley, Indiana?

There are an estimated 434 housing units in the Shirley area. Of these, 55 units are rental homes, making up 13 percent of the housing market. For every renter household in Shirley, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Shirley?

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

Occupied Rental Units by Size in Shirley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 28 14 0
Occupied Rental Units by Size in Shirley

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

Among renter households in this market, 27 percent have housing cost burden. Further, 11 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 Shirley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $982
One BR $1,145
Two BR $1,349
Three BR $1,758
Four BR $2,126
2024 Fair Market Rents in Shirley, Indiana

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

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 13 100 percent
Two BR 28 100 percent
Rental Units Below FMR in Shirley, Indiana

How many affordable rental units are in Shirley?

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

Federal Program Unit Count
Low Income Housing Tax Credit 19
USDA Section 515 Rural Rental Housing 19
Tracked Units by Federal Program in Shirley, Indiana

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

Income Based Apartments in Shirley, Indiana

Shirley features 19 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 Shirley, Indiana

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shirley.

Housing Choice Vouchers in Shirley, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Shirley, Indiana for a two-bedroom apartment is between $1,214 and $1,484.

Sourced from federal housing data and AffordableHousingOnline.com research.