Senior Apartments in Indiana

How much does senior apartments cost in Indiana?

Senior apartments are the most affordable senior-housing option because no services are bundled into the rent. Market-rate rents typically run $900-$2,500/month depending on city and apartment size. HUD-subsidized senior apartments cap rent at roughly 30% of the resident's monthly income, which can mean rents as low as $200-$400/month for qualifying low-income seniors. Medicare and Medicaid do not pay for senior apartments directly.

The cost of living in Indiana is 10 points below the national average. On average, the cost of a home is around $186,100, with utilities costing about slightly less than the national average, however, health and transportation are much cheaper a month compared to the rest of the country. . Overall, Indiana’s cost of living is much cheaper, with housing being almost half of what the national average is, compared to the rest of the country. If you’re looking to save money when you retire, this is a great place to look into, especially if you don’t want to move somewhere expensive. Indiana's cost-of-living index is 90 (100 = US average). The median home price is around $141,700. Average rent runs about $826 a month.

Senior Apartments in Indiana: common questions

How much does senior apartments cost in Indiana?

The cost of living in Indiana is 10 points below the national average. On average, the cost of a home is around $186,100, with utilities costing about slightly less than the national average, however, health and transportation are much cheaper a month compared to the rest of the country. . Overall, Indiana’s cost of living is much cheaper, with housing being almost half of what the national average is, compared to the rest of the country. If you’re looking to save money when you retire, this is a great place to look into, especially if you don’t want to move somewhere expensive. Senior Apartments runs $900 - $2,500 per month (US market-rate, 2026) nationally, and costs vary across Indiana by city, care level, and community.

How many senior apartments communities are in Indiana?

We list 32 senior apartments communities across 1 city in Indiana. Browse by city below to compare and request pricing.

How are senior apartments different from independent living?

Senior apartments are rental housing - you sign a lease, pay rent, and handle meals/transportation/activities yourself. Independent-living communities bundle dining, organized activities, transportation, and amenities into a higher monthly fee. Senior apartments cost less but include less; independent living costs more but does more.

What is a HUD Section 202 senior apartment?

HUD Section 202 is a federal program that funds the construction and subsidy of affordable senior-housing communities for low-income residents age 62 and older. Residents pay roughly 30% of their adjusted monthly income toward rent and HUD covers the rest. Buildings are operated by nonprofit sponsors. The Section 8 Project-Based Rental Assistance program subsidizes similar housing at private senior apartments. Waitlists are typically long.

How do I qualify for a HUD-subsidized senior apartment?

Eligibility usually requires: at least one household member age 62 or older (for Section 202), US citizenship or eligible-immigration status, and household income at or below 50% of the Area Median Income (AMI) for your county. Specific limits vary by location - your local Public Housing Agency can confirm. You apply directly to each property; there is no single national list.