Affordable & Income-Based Housing in Indianapolis

Affordability in Indianapolis, IN

Indianapolis has 87 HUD-assisted and income-based properties with 8,914 total units tracked on Lease Lantern. Median rent, median income, and renter share figures are not available in our current data for this city, but the listings below reflect income-restricted housing options across Indianapolis.

Safety

According to FBI Crime Data Explorer, the Indianapolis Police Department reported a violent crime rate of 937 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and jurisdiction boundaries.

Getting Around Indianapolis

According to Walk Score, the area around assisted properties in Indianapolis scores 54 (Somewhat Walkable) for walkability, 42 (Some Transit) for public transit, and 71 for bikeability. These scores reflect conditions near the assisted housing locations tracked on this page, not the city as a whole.

Schools

Indianapolis is served by 248 schools across 85 districts, including 147 elementary, 34 middle, and 64 high schools (plus 3 other), according to NCES Common Core of Data. Quality and resources vary by school and district, so renters should check the assigned schools for a specific address before signing a lease.

Cost of Living & Affordability

Indianapolis has a significant inventory of income-restricted housing to help keep costs manageable for lower- and moderate-income renters. The city has 87 HUD-assisted or LIHTC properties totaling 8,914 units, meaning rent in these buildings is tied to your income or capped at program limits rather than set by the open market.

Eligibility and rent amounts vary by program. Common types you will find in Indianapolis include:

• Section 8 / HUD-assisted housing - rent is typically limited to 30% of your adjusted gross income
• LIHTC (Low-Income Housing Tax Credit) - rents are capped based on the area median income for your household size

No median household income figure is available in our current data for Indianapolis. For local income and cost-of-living context, the U.S. Census Bureau and HUD's income limits tool are reliable starting points to understand what income thresholds may apply to you.

Flood and Environmental Exposure

All 87 HUD-assisted properties in Indianapolis have been mapped for flood risk. None are located in a high-risk flood zone, according to flood zone data on file for these properties.