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

Discover affordable housing in Tipton County where there are 8+ 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.

Canterbury House Apartments - Tipton

501 Canterbury Ct, Tipton, Indiana 46072

Tipton Senior Apartments

900 E Jefferson St, Tipton, Indiana 46072

Tiptone Terrace II

319 Terrace Ct, Tipton, Indiana 46072

Tipton Manor

211 E South St, Tipton, Indiana

Heritage III CO Nancy Nicholson

360 N Main St, Tipton, Indiana 46072

Heritage I CO Nancy Nicholson

238 N Independence St, Tipton, Indiana 46072

Heritage II CO Nancy Nicholson

319 S Independence St, Tipton, Indiana 46072

Tipton Place Apartments - 2

105 Canterbury Ct, Tipton, Indiana 46072

calendar_today Opened: Aug 1
Open Until Further Notice

Reported On January 29th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tipton County, Indiana
$17.54/hour
$10.29 (+142%) more than Indiana minimum wage and $10.29 (+142%) more than the Federal minimum wage.
Learn More About Tipton County, Indiana Affordable Housing ↓

What HUD offices serve Tipton County, 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 Tipton County, Indiana.

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

How many renters live in Tipton County, Indiana?

The County of Tipton County has 15,328 people living in 6,170 households.

There are 2,642 renters living in 1,184 renter households in this County. Renters make up 17.24 percent of the population living in Tipton County.

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

There are an estimated 6,817 housing units in the Tipton County area. Of these, 1,372 units are rental homes, making up 20 percent of the housing market. For every renter household in Tipton County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Tipton County?

The rental vacancy rate in Tipton County is 9 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 Tipton County for each bedroom size?

Occupied Rental Units by Size in Tipton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 159 402 425 169
Occupied Rental Units by Size in Tipton County

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

Among renter households in this market, 22 percent have housing cost burden. Further, 7 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 Tipton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $644 to $1,288. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $644
One BR $705
Two BR $926
Three BR $1,120
Four BR $1,288
2024 Fair Market Rents in Tipton County, Indiana

How many units are rented at Fair Market Rent (FMR) in Tipton 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 5 63 percent
One BR 129 81 percent
Two BR 221 55 percent
Rental Units Below FMR in Tipton County, Indiana

How many affordable rental units are in Tipton County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 88
USDA Section 515 Rural Rental Housing 90
Tracked Units by Federal Program in Tipton County, Indiana

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

Income Based Apartments in Tipton County, Indiana

Tipton County features 48 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 Tipton County, Indiana

There are 151 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tipton County.

Housing Choice Vouchers in Tipton County, Indiana

On average, Section 8 Housing Choice vouchers pay Tipton County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Tipton County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tipton County, Indiana for a two-bedroom apartment is between $833 and $1,019.

Sourced from federal housing data and AffordableHousingOnline.com research.