Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

Valley Forge Apts

4350 Madison Ave, Indianapolis, IN, 46227

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

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About This Property

Valley Forge Apts comprises 119 low-income units in Indianapolis, Indiana, serving families, individuals with disabilities, and formerly homeless residents. The property offers a mix of one-, two-, and three-bedroom units (36, 64, and 19 respectively) and has been in service since 2008. The community is managed by [property management company name].

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 18, 2026

Property Details

Total Units
119
1 Bedroom
36
2 Bedroom
64
3 Bedroom
19

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
2008
LIHTC Credit Type
3
Low-Income Units
119 / 119
Target Population
FamiliesDisabledHomeless

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 Valley Forge Apts is typically 30% of household income or less.

What size apartments are available at Valley Forge Apts?+

Valley Forge Apts offers the following unit types: 36 One-Bedroom, 64 Two-Bedroom, 19 Three-Bedroom units, for a total of 119 units.

Who manages Valley Forge Apts?+

Valley Forge Apts is managed by . You can reach them at . Visit their website for more information.

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, 3-bedroom: $1758. Actual rent at Valley Forge Apts may be lower for income-eligible households.

Is there a waitlist for Valley Forge Apts?+

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.

Who is eligible to live at Valley Forge Apts?+

Valley Forge Apts primarily serves families, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

How do I apply for housing at Valley Forge Apts?+

Valley Forge Apts 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.

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.

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Walk Score

Somewhat Walkable

54
Walk
36
Transit
48
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

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