; Low Income Apartments For Rent in Marion County, IN

Apply to Marion County Apartment Waiting Lists

1421 - 27 Market Street

1421 E Market St
Indianapolis, Indiana
Rent Assisted
LIHTC

1532 - 34 Ohio

1532 E Ohio St
Indianapolis, Indiana
Rent Assisted
LIHTC

1624 - 26 Brookside Ave

1624 Brookside Ave
Indianapolis, Indiana
Rent Assisted
LIHTC

1936 Bloyd

1936 Bloyd Ave
Indianapolis, Indiana
Rent Assisted
LIHTC

1417 - 1419 East New York

1417 E New York St
Indianapolis, Indiana
Rent Assisted
LIHTC

10 Eastern Ave

10 Eastern Ave
Indianapolis, Indiana
Rent Assisted
LIHTC

Museum Park

711 W 38th St
Indianapolis, Indiana
Rent Assisted
LIHTC

Oxford Integrated

18 S. Parker
Indianapolis, Indiana
Rent Assisted
LIHTC

Bridgeport Commons Apartments Homes

2005 Bridgeport Rd
Indianapolis, Indiana
Rent Assisted
LIHTC

202 Warman Avenue

202 Warman Ave
Indianapolis, Indiana
Rent Assisted
HOME

Tcb - N C Sfe ( Parkwoods ) 3896 Sherman

3896 Sherman Dr
Indianapolis, Indiana
Rent Assisted
HOME
Showing Results 436-446

There are 13,940 low-income apartments in Marion County that offer reduced rents to eligible households. Low-income rents in Marion County, Indiana can range from $270 to $1,154 depending on the number of bedrooms.

Rental assistance programs support 9,157 low-income homes in Marion County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $332 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Marion 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.

Housing Authority Programs
Indianapolis Housing Agency 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)
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Marion County.

Marion County, Indiana Affordable Housing Data

Income Based Apartments in Marion County, Indiana

Marion County features 9,157 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 Marion County, Indiana

There are 13,940 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion County.

Housing Choice Vouchers in Marion County, Indiana

On average, Section 8 Housing Choice vouchers pay Marion County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Marion County.

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

2024 Marion County, Indiana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Marion County, Indiana Fair Market Rent $982 $1,145 $1,349 $1,758 $2,126
Marion County, Indiana Payment Standard Range $884 to $1,080 $1,031 to $1,260 $1,214 to $1,484 $1,582 to $1,934 $1,913 to $2,339

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 446
Total Low Income Apartments 23,347
Total Housing Units with Rental Assistance 9,157
Percentage of Housing Units Occupied By Renters 45.73%
Average Renter Household Size 2.38
Average Household Size 2.50
Median Household Income $42,168 ±$428
Median Rent $788 ±$6
Percentage Of Renters Overburdened 50.75% ± 1.17pp
Total Population 926,335

Population and Household Demographics

Marion County is a county in Indiana with a population of 926,335. There are 363,558 households in the county with an average household size of 2.50 persons. 45.73% of households in Marion County are renters.

Income and Rent Overburden in Marion County

The median gross income for households in Marion County is $42,168 a year, or $3,514 a month. The median rent for the county is $788 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $2,627 a month would be considered overburdened when renting an apartment at or above the median rent. 50.75% of households who rent are overburdened in Marion County.

Area Median Income In Marion County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Marion County, HUD calculates the Area Median Income for a family of four as $99,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Marion County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Marion County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Marion County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,300 $23,200 $26,100 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Marion County AMI may qualify for rental assistance programs that target Very Low Income households.
$33,850 $38,700 $43,550 $48,350 $52,250 $56,100 $60,000 $63,850
80% AMI Income Limits
Renters earning up to 80% of the Marion County AMI may qualify for rental assistance programs that target Low Income households.
$54,150 $61,900 $69,650 $77,350 $83,550 $89,750 $95,950 $102,150