About This Property
This five-unit multifamily property in Lafayette, IN contains two 2-bedroom units and three 3-bedroom units. The building was placed in service in 1989 and is located in Tippecanoe County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Lafayette
The waiting list is currently open. Applicants must ensure all information on their application remains current. When an application reaches the top of the waiting list, notification will be sent by regular mail. Applicants are required to attend a mandatory full application meeting.
Applications are accepted the 1st Wednesday of each month from 8 a.m. to 4:00 p.m. Applicants must meet federal guidelines, HUD requirements on citizenship/immigration status, applicant selection criteria, screening requirements related to criminal activity and prior rental history, and have an annual income not exceeding 80% of Area Median Income (AMI).
Waitlist data provided by section8waitlist.org
Updated July 7, 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 |
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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 120-22 S 3rd St is typically 30% of household income or less.
What size apartments are available at 120-22 S 3rd St?+
120-22 S 3rd St offers the following unit types: 2 Two-Bedroom, 3 Three-Bedroom units, for a total of 5 units.
Is there a waitlist for 120-22 S 3rd 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.
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, 3-bedroom: $1293. Actual rent at 120-22 S 3rd St may be lower for income-eligible households.
Who manages 120-22 S 3rd St?+
120-22 S 3rd St is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at 120-22 S 3rd St?+
120-22 S 3rd 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.
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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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