About This Property
Farmington Estates Phase II offers 48 low-income units in Peru, Indiana, serving elderly residents. The property features a mix of one-bedroom, two-bedroom, and three-bedroom apartments and has been in service since 2004. This development receives funding through HOME and utilizes 9% LIHTC credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Peru
Pre-applications are currently being accepted for subsidized, income-based rental units in Miami County for older adults and persons with disabilities. Applications are available outside the front door, and completed applications can be placed in a box outside the front door.
Last accepted applications were from March 22-26, 2021. Preferences included residency, persons residing in or at risk of institutional settings, working families, elderly, non-elderly disabled, and having a disabled family member.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Miami 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 | $600 |
| 1 Bedroom | $692 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,112 |
| 4 Bedroom | $1,383 |
Income Limits - Miami County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peru, IN?+
The Fair Market Rent (FMR) for Miami County, IN is: $600 (Studio), $692 (1BR), $863 (2BR), $1112 (3BR), $1383 (4BR). Actual rent at subsidized properties like Farmington Estates Phase Ii is typically 30% of household income or less.
What size apartments are available at Farmington Estates Phase Ii?+
Farmington Estates Phase Ii offers the following unit types: 4 One-Bedroom, 28 Two-Bedroom, 16 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Peru, IN?+
Based on Fair Market Rent for Miami County, the estimated price range is: 1-bedroom: $692, 2-bedroom: $863, 3-bedroom: $1112. Actual rent at Farmington Estates Phase Ii may be lower for income-eligible households.
Who is eligible to live at Farmington Estates Phase Ii?+
Farmington Estates Phase Ii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Farmington Estates Phase Ii?+
Farmington Estates Phase Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Farmington Estates Phase Ii?+
Farmington Estates Phase Ii 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.
Is there a waitlist for Farmington Estates Phase Ii?+
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 Miami County, IN?+
For a 4-person household in Miami County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
