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Discover affordable housing in Indianapolis where there are 397+ 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.
8905 Evergreen Ave, Indianapolis, Indiana 46240
bed1-2
payment$776-1082/mo.
switch_access_shortcutShort Wait
accessibilityAccessible
940 Wild Indigo Ln, Indianapolis, Indiana 46227
bed1-2
payment$634-865/mo.
switch_access_shortcutShort Wait
5910 E. 12th St, Indianapolis, Indiana 46219
bed1-2
payment$366-841/mo.
switch_access_shortcutShort Wait
3402 N Meridian St, Indianapolis, Indiana 46208
bedStudio-4
payment$300-1110/mo.
switch_access_shortcutShort Wait
accessibilityAccessible
3347 North Emerson Avenue, Indianapolis, Indiana 46218
bed1-2
payment$270-820/mo.
switch_access_shortcutShort Wait
accessibilityAccessible
7401 Merganser Drive, Indianapolis, Indiana 46260
bed1-3
paymentSubsidized
7110 Township Line Rd, Indianapolis, Indiana 46260
bed1-3
paymentSubsidized
6764 Lambert St, Indianapolis, Indiana 46241
bed1-2
paymentSubsidized
1344 Viburnum Drive, Indianapolis, Indiana 46260
bed1
paymentSubsidized
5650 Renn Lane, Indianapolis, Indiana 46220
bed1-3
paymentSubsidized
2516 Tacoma Circle, Indianapolis, Indiana 46220
bed1
paymentSubsidized
10174 Tinton Court, Indianapolis, Indiana 46235
bed1-3
paymentSubsidized
3333 Boulevard Place #101, Indianapolis, Indiana 46208
bed1-2
paymentSubsidized
7828 Madison Ave, Indianapolis, Indiana 46227
bed1
paymentSubsidized
elderlySenior
accessibilityAccessible
8102 Rexmill Dr, Indianapolis, Indiana 46227
bed1-4
819 Edgemont Avenue, Indianapolis, Indiana 46208
bed1
paymentSubsidized
1201 Community Pl, Indianapolis, Indiana 46227
bed2-4
accessibilityAccessible
3340 Teakwood Dr, Indianapolis, Indiana 46227
bed2-4
switch_access_shortcutShort Wait
paymentSubsidized
accessibilityAccessible
3215 Joey Way, Indianapolis, Indiana 46241
bed1-4
switch_access_shortcutShort Wait
2333 Lafayette Rd, Indianapolis, Indiana 46222
bed1-2
switch_access_shortcutShort Wait
real_estate_agentAccepts Vouchers
paymentIncome Based
accessibilityAccessible
How To Identify Affordable Housing in Indianapolis, 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_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
real_estate_agentNaturally Affordable | Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InIndianapolis, Indiana
$25.55/hour
(+252%) more thanIndiana minimum wage and
$18.30(+252%) more than the Federal minimum wage.
Learn More About Indianapolis, Indiana AffordableHousing ↓
What HUD offices serve Indianapolis, Indiana?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Indianapolis Housing Agency
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Section 8 Project-Based Voucher (PBV), Section 8 Project-Based Rental Assistance (PBRA), Rental Assistance Demonstration (RAD) programs for Indianapolis, Indiana.
Go to theIndianaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Indianapolis.
How many renters live in Indianapolis, Indiana?
The City of Indianapolis haspeople living in households.
There are renters living inrenter households in thisCity. Renters make up 37.44percent of the population living in Indianapolis.
What is the rental market like in Indianapolis, Indiana?
There are an estimated housing units in theIndianapolis area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Indianapolis, Indiana, there are1.06 rental units.
What is the vacancy rate for rentals in Indianapolis?
The rental vacancy rate in Indianapolis is 5 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.
How many rental units are in Indianapolis for each bedroom size?
Occupied Rental Units by Size in Indianapolis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 7,376 52,866 60,766 31,116 5,655 Occupied Rental Units by Size in Indianapolis
A large number of apartments in Indianapolis have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How Much Is Rent in Indianapolis
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $982 to $2,126. FMRs areupdated 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 Indianapolis, Indiana
How many units are rented at Fair Market Rent (FMR) in Indianapolis?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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 5,152 70 percent One BR 38,296 72 percent Two BR 42,718 70 percent Rental Units Below FMR in Indianapolis, Indiana
How many affordable rental units are in Indianapolis?
There are a variety of federal affordable housing programs serving households inIndianapolis, Indiana including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Indianapolis, Indiana
Income Based Apartments in Indianapolis, Indiana
Indianapolis features 8,763 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Indianapolis, Indiana
There are 13,955 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Indianapolis.
Housing Choice Vouchers in Indianapolis, Indiana
On average, Section 8 Housing Choice vouchers pay Indianapolis landlords$600 per month towards rent. The average voucher holdercontributes $300 towards rent inIndianapolis.
The maximum amount a voucher would pay on behalf of a low-income tenant in Indianapolis, Indiana fora two-bedroom apartment is between $1,214 and $1,484.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.
What Renters Say About Us
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