About This Property
216-218 S 5th St comprises five 2-bedroom units designated as low-income housing in Lafayette, Indiana. The property has served Tippecanoe County residents since being placed in service in 1995. All five units are available for eligible low-income tenants.
Waitlist Information
Waitlist managed by Housing Authority of the City of Lafayette
The waiting list is currently open. Applicants will be notified by regular mail when their application comes to the top of the waiting list. All adult family members must meet federal guidelines and applicant screening criteria, including income limits not exceeding 80% of Area Median Income (AMI).
Applications are accepted the 1st Wednesday of each month from 8 a.m. to 10 a.m. Applicants will be notified by mail when their name comes to the top of the waiting list. All adult family members must meet federal guidelines and applicant screening criteria, including income limits not exceeding 80% of Area Median Income (AMI).
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Tippecanoe County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $778 |
| 1 Bedroom | $908 |
| 2 Bedroom | $1,069 |
| 3 Bedroom | $1,293 |
| 4 Bedroom | $1,604 |
Income Limits - Tippecanoe County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,300
- Low (80%)
- $40,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,900
- Low (80%)
- $46,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,500
- Low (80%)
- $52,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,900
- Low (80%)
- $67,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,700
- Low (80%)
- $76,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,300 | $40,450 |
| 2 Persons | $17,420 | $28,900 | $46,200 |
| 3 Persons | $21,960 | $32,500 | $52,000 |
| 4 Persons | $26,500 | $36,100 | $57,750 |
| 5 Persons | $31,040 | $39,000 | $62,400 |
| 6 Persons | $35,580 | $41,900 | $67,000 |
| 7 Persons | $40,120 | $44,800 | $71,650 |
| 8 Persons | $44,660 | $47,700 | $76,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lafayette, IN?+
The Fair Market Rent (FMR) for Tippecanoe County, IN is: $778 (Studio), $908 (1BR), $1069 (2BR), $1293 (3BR), $1604 (4BR). Actual rent at subsidized properties like 216-218 S 5th St is typically 30% of household income or less.
What size apartments are available at 216-218 S 5th St?+
216-218 S 5th St offers the following unit types: 5 Two-Bedroom units, for a total of 5 units.
What are the income limits for affordable housing in Tippecanoe County, IN?+
For a 4-person household in Tippecanoe County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,100, Low Income (80% AMI): $57,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Lafayette, IN?+
Based on Fair Market Rent for Tippecanoe County, the estimated price range is: 2-bedroom: $1069. Actual rent at 216-218 S 5th St may be lower for income-eligible households.
Who manages 216-218 S 5th St?+
216-218 S 5th St is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for 216-218 S 5th St?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at 216-218 S 5th St?+
216-218 S 5th St 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.