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

Discover affordable housing in Wabash County where there are 11+ 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.

Meadowbrook North Apartments

1289 Meadowbrook Lane, Wabash, Indiana 46992

Somerset Village

150 Whites Drive, Somerset, Indiana 46984

Rock City Lofts

39 E Market Street, Wabash, Indiana 46992

Lafontaine Arms Apartments

401 Rennaker St, La Fontaine, Indiana 46940

Crestwood Village Apartments

519 Bryan Ave, Wabash, Indiana 46992

Jamestown Apartments Landmark Management

1208 W 4th St, North Manchester, Indiana 46962

Colonial Heritage Daymude, Ronald E Landmark Management

1929 Vernon St, Wabash, Indiana 46992

Clear Creek Apartments

1001 Clear Creek Trl, North Manchester, Indiana 46962

Fellowship Apartments

301 Fellowship Dr, North Manchester, Indiana 46962

Oak Leaf Apartment

300 Oak Drive, Wabash, Indiana

John Bryan Apartments Ken Ahlfeld, Mgr.

240 E Adams St, Roann, Indiana 46974

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wabash County, Indiana
$16.40/hour
$9.15 (+126%) more than Indiana minimum wage and $9.15 (+126%) more than the Federal minimum wage.
Learn More About Wabash County, Indiana Affordable Housing ↓

What HUD offices serve Wabash 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 Wabash County, Indiana.

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

How many renters live in Wabash County, Indiana?

The County of Wabash County has 31,032 people living in 12,471 households.

There are 5,741 renters living in 2,565 renter households in this County. Renters make up 18.5 percent of the population living in Wabash County.

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

There are an estimated 14,053 housing units in the Wabash County area. Of these, 2,713 units are rental homes, making up 19 percent of the housing market. For every renter household in Wabash County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Wabash County?

The rental vacancy rate in Wabash County is 5 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 Wabash County for each bedroom size?

Occupied Rental Units by Size in Wabash County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
80 697 831 579 316
Occupied Rental Units by Size in Wabash County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 16 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 Wabash County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $602 to $1,153. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $602
One BR $659
Two BR $866
Three BR $1,047
Four BR $1,153
2024 Fair Market Rents in Wabash County, Indiana

How many units are rented at Fair Market Rent (FMR) in Wabash 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 31 39 percent
One BR 421 60 percent
Two BR 506 61 percent
Rental Units Below FMR in Wabash County, Indiana

How many affordable rental units are in Wabash County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 88
Section 8 Project-Based Rental Assistance 216
USDA Section 515 Rural Rental Housing 170
Tracked Units by Federal Program in Wabash County, Indiana

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

Income Based Apartments in Wabash County, Indiana

Wabash County features 375 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 Wabash County, Indiana

There are 112 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wabash County.

Housing Choice Vouchers in Wabash County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wabash County, Indiana for a two-bedroom apartment is between $779 and $953.

Sourced from federal housing data and AffordableHousingOnline.com research.