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Affordable apartments in Elwood, Indiana

2 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

2 lihtc

Buildings

DUCK CREEK APTS

LIHTC
239 N 13TH ST, ELWOOD, IN, 46036
Income-restricted units
45 of 45
Year placed in service
2002
Bedroom mix
2 studio · 2 1BR · 25 2BR · 4 3BR · 12 4+BR

Estimated total housing cost: $1,100 rent + $157 utilities = $1,257/mo

Contact property management for current availability. Waitlists may apply.

FOREST GLEN APTS

LIHTC
1373 S L ST, ELWOOD, IN, 46036
Income-restricted units
37 of 37
Year placed in service
2003
Bedroom mix
1 studio · 16 1BR · 20 2BR

Estimated total housing cost: $1,100 rent + $157 utilities = $1,257/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Indiana

Residential electricity in Indiana runs about 16.63¢/kWh, with a typical monthly residential electric bill near $157. Natural gas runs about $16.19/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 46036

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$810n/a
1 bedroom$940n/a
2 bedroom$1,100$1,502
3 bedroom$1,440n/a
4 bedroom$1,730n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Madison County, IN

Indianapolis-Carmel-Greenwood, IN. FY2025. Area median income: $84,400.

Household size30% AMI50% AMI80% AMI
1 person$17,850$29,750$47,550
2 people$21,150$34,000$54,350
3 people$26,650$38,250$61,150
4 people$32,150$42,450$67,900
5 people$37,650$45,850$73,350
6 people$43,150$49,250$78,800
7 people$48,650$52,650$84,200
8 people$54,150$56,050$89,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Indiana cities

See all affordable-rental cities in Indiana

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Elwood cost-of-living and Fair Market Rent overview