Fall Creek Village I — Income-Restricted Housing in Indianapolis, IN 46205
3515 N Pennsylvania St, Indianapolis, IN 46205
67 units · Studio–2 BR
Leasing office: (317) 925-5558Directions
How to apply
- Call the leasing office at (317) 925-5558 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1983
- Bedrooms
- 2 Studio · 59 1 bedroom · 6 2 bedrooms
- HUD inspection
- HUD inspection score: 92/100 (Apr 2026) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
Edgewood Terrace Apts
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- Affordability period may have ended — call to confirm
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Phoenix Apts
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Ravenbrook Apts
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3135-37 New Jersey
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0.5 mi away
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3323 Broadway St
3323 Broadway St, Indianapolis, IN 46205
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- Affordability period may have ended — call to confirm
Rents and income limits in 46205
- Fair market rent, 2 bedrooms
- $1,590/mo
- Income needed to pay it at 30% of income
- $63,600/yr
- Renters in 46205 paying 30% or more of income on rent
- 46%
Income limits (2026)
Indianapolis-Carmel, IN area · median family income $110,300. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $23,200 | $38,650 | $61,800 |
| 2 | $26,500 | $44,150 | $70,600 |
| 3 | $29,800 | $49,650 | $79,450 |
| 4 | $33,100 | $55,150 | $88,250 |
| 5 | $38,680 | $59,600 | $95,350 |
| 6 | $44,360 | $64,000 | $102,400 |
| 7 | $50,040 | $68,400 | $109,450 |
| 8 | $55,720 | $72,800 | $116,500 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 46205 | Wider area |
|---|---|---|
| Studio | $1,230 | $1,187 |
| 1 bedroom | $1,380 | $1,336 |
| 2 bedrooms | $1,590 | $1,536 |
| 3 bedrooms | $2,060 | $1,991 |
| 4 bedrooms | $2,510 | $2,425 |
Wider area = Indianapolis-Carmel, IN. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,310 (46201) to $2,220 (46204).
Census figures for 46205 (2020–2024 average): median rent $1,176. Median household income $72,417. 46% of homes are rented. 46% of renters pay 30% or more of their income on rent, and 21% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 46205's fair market rent.
Estimate your Section 8 rent share for 46205Frequently Asked Questions
How do I apply to Fall Creek Village I?
Call (317) 925-5558 and ask about applying, vacancies, and waiting lists at Fall Creek Village I in Indianapolis, IN 46205. These records do not show openings.
Is Fall Creek Village I Section 8 housing?
Fall Creek Village I is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at Fall Creek Village I?
Public records list 67 units at Fall Creek Village I in Indianapolis, IN 46205. That is a building size, not a count of open apartments.
Are there other affordable apartments near Fall Creek Village I?
Yes — this page lists other income-restricted buildings in 46205 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Fall Creek Village I?
Call the number on this page and ask about the waiting list or how to apply at Fall Creek Village I in Indianapolis, IN 46205. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Indianapolis, IN 46205?
Most income-restricted buildings in Indianapolis, IN 46205 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $38,650, and $55,150 for a 4-person household. Public housing can go up to 80% ($61,800 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Indianapolis, IN 46205?
For many programs in Indianapolis, IN 46205, the 2026 HUD very low-income (50%) limit is $38,650 a year for 1 person and $55,150 for 4 people. The low-income (80%) limit is $61,800 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Indianapolis, IN 46205?
In public housing and most Section 8 in Indianapolis, IN 46205, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Indianapolis, IN 46205 is $1,590 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Fall Creek Village I take Section 8 vouchers?
Fall Creek Village I is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.