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

Discover affordable housing in Jasper 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.

Serenity Terrace

960 E B Mar Dr, Rensselaer, Indiana 47978

Iroquois Valley

1501 E Grace St, Rensselaer, Indiana 47978

Madison Cottages of Rensselaer Phase II

1645 N McCade St, Rensselaer, Indiana 47978

Meadowood Apartments

841 Kannal Ct, Rensselaer, Indiana 47978

Stonecrest Place

907 W Kannal Avenue, Rensselaer, Indiana

Remington Apts

401 N Illinois Street, 13 A, Remington, Indiana

Pines Apartments of Remington

220 N. Main Street, Remington, Indiana

Rensselaer Apts

803 Kannal Ave. #27, Rensselaer, Indiana

calendar_today Opens: Apr 1

Reported On February 15th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jasper County, Indiana
$21.76/hour
$14.51 (+200%) more than Indiana minimum wage and $14.51 (+200%) more than the Federal minimum wage.
Learn More About Jasper County, Indiana Affordable Housing ↓

What HUD offices serve Jasper 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 Jasper County, Indiana.

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

How many renters live in Jasper County, Indiana?

The County of Jasper County has 33,045 people living in 12,554 households.

There are 5,481 renters living in 2,369 renter households in this County. Renters make up 16.59 percent of the population living in Jasper County.

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

There are an estimated 13,579 housing units in the Jasper County area. Of these, 2,524 units are rental homes, making up 19 percent of the housing market. For every renter household in Jasper County, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Jasper County?

The rental vacancy rate in Jasper County is 3 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 Jasper County for each bedroom size?

Occupied Rental Units by Size in Jasper County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
174 343 1,047 625 143
Occupied Rental Units by Size in Jasper County

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

Among renter households in this market, 38 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 Jasper County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $869 to $1,530. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $869
One BR $874
Two BR $1,149
Three BR $1,495
Four BR $1,530
2024 Fair Market Rents in Jasper County, Indiana

How many units are rented at Fair Market Rent (FMR) in Jasper 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 52 30 percent
One BR 216 63 percent
Two BR 781 75 percent
Rental Units Below FMR in Jasper County, Indiana

How many affordable rental units are in Jasper County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 119
Section 8 Project-Based Rental Assistance 40
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 184
Tracked Units by Federal Program in Jasper County, Indiana

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

Income Based Apartments in Jasper County, Indiana

Jasper County features 147 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 Jasper County, Indiana

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jasper County.

Housing Choice Vouchers in Jasper County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jasper County, Indiana for a two-bedroom apartment is between $1,034 and $1,264.

Sourced from federal housing data and AffordableHousingOnline.com research.