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Affordable apartments in Sheridan, 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

SPICEWOOD GARDEN II

LIHTC
206 SPICEWOOD DR N, SHERIDAN, IN, 46069
Income-restricted units
26 of 26
Year placed in service
2012
Bedroom mix
26 2BR

Estimated total housing cost: $1,180 rent + $157 utilities = $1,337/mo

Contact property management for current availability. Waitlists may apply.

SPICEWOOD GARDEN APTS

LIHTC
801 GINGER LN, SHERIDAN, IN, 46069
Income-restricted units
23 of 23
Year placed in service
2009
Bedroom mix
23 2BR

Estimated total housing cost: $1,180 rent + $157 utilities = $1,337/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 46069

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$890n/a
1 bedroom$1,010n/a
2 bedroom$1,180$1,502
3 bedroom$1,520n/a
4 bedroom$1,860n/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 : Hamilton County, IN

Indianapolis-Carmel-Greenwood, IN. FY2025. Area median income: $110,700.

Household size30% AMI50% AMI80% AMI
1 person$23,250$38,750$62,000
2 people$26,600$44,300$70,850
3 people$29,900$49,850$79,700
4 people$33,200$55,350$88,550
5 people$37,650$59,800$95,650
6 people$43,150$64,250$102,750
7 people$48,650$68,650$109,850
8 people$54,150$73,100$116,900

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: Sheridan cost-of-living and Fair Market Rent overview