Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

Canal Gardens

1229 MLK JR ST, Indianapolis, IN

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Canal Gardens offers 26 low-income units in Indianapolis designed to serve families, featuring 17 one-bedroom and 9 two-bedroom apartments. The property has been in service since 2011 and provides affordable housing options in Marion County.

Waitlist Information

Waitlist managed by Indianapolis Housing Agency

Public Housing Waitlist
Open
Apply: Multiple

Online pre-applications are accepted for open waiting lists including Elderly Disabled Public Housing- Subsidized and Family Public Housing-Subsidized. Rent is income-based, and income limits apply. Eligibility includes meeting HUD citizenship/immigration status, applicant selection criteria, student status criteria, criminal activity screening, and acceptable prior rental history. Applicants with disabilities needing assistance or without computer access can call 317.261.7299.

Last verified March 20, 2026
Section 8 (HCV) Waitlist
Closed

The Section 8 waiting list is closed. Applications from the 2016 Lottery opening are currently being processed. Future waitlist openings will be publicly announced.

Last verified February 26, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
26
1 Bedroom
17
2 Bedroom
9

Fair Market Rent - Marion County, IN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$982
1 Bedroom$1,145
2 Bedroom$1,349
3 Bedroom$1,758
4 Bedroom$2,126

Income Limits - Marion County, IN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$17,150
Very Low (50%)
$28,600
Low (80%)
$45,750
2 Persons
Extremely Low (30%)
$19,600
Very Low (50%)
$32,650
Low (80%)
$52,250
3 Persons
Extremely Low (30%)
$22,050
Very Low (50%)
$36,750
Low (80%)
$58,800
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$40,800
Low (80%)
$65,300
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$44,100
Low (80%)
$70,550
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$47,350
Low (80%)
$75,750
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$50,600
Low (80%)
$81,000
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$53,900
Low (80%)
$86,200

Tax Credit Program Details

Year Placed in Service
2011
Low-Income Units
26 / 26
Target Population
Families
Funding Programs
TCEP

Frequently Asked Questions

What is the average rent for affordable housing in Indianapolis, IN?+

The Fair Market Rent (FMR) for Marion County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Canal Gardens is typically 30% of household income or less.

What size apartments are available at Canal Gardens?+

Canal Gardens offers the following unit types: 17 One-Bedroom, 9 Two-Bedroom units, for a total of 26 units.

Is there a waitlist for Canal Gardens?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What are the income limits for affordable housing in Marion County, IN?+

For a 4-person household in Marion County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,800, Low Income (80% AMI): $65,300. These limits are set by HUD and updated annually.

What is the price range for apartments in Indianapolis, IN?+

Based on Fair Market Rent for Marion County, the estimated price range is: 1-bedroom: $1145, 2-bedroom: $1349. Actual rent at Canal Gardens may be lower for income-eligible households.

Who manages Canal Gardens?+

Canal Gardens is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Canal Gardens?+

Canal Gardens is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who is eligible to live at Canal Gardens?+

Canal Gardens primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

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Location

Marion County, IN

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Housing Resources in Indianapolis, IN

HUD-Approved Counseling Agencies

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP

Pre-Purchase CounselingPre-Purchase Homebuyer Education WorkshopsFinancial Management/Budget Counseling

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP HOMEOWNERSHIP CENTER AT GLENDALE

Pre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

NID-HCA MARION COUNTY

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops