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FOUNTAIN FLATS

1022 HOSBROOK ST

INDIANAPOLIS , IN 46203

Contact Landlord

Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 24

Assisted housing category: Subsidized - Previously Insured

Owner organization name: Fountain Flats LLC

Management agent organization name: Magna Properties, Inc.

Management agent main phone number: 317-921-1170

Management agent email address: mabdalla@magnaproperties.com

Hud Administered ind: N

Contract doc type: HAP

Program type: LMSA

Rent to FMR ratio: 79.75038207

Rent to FMR description: Below 80% FMR

Total 1bedroom units: 6

Total 2bedroom units: 12

Total 3bedroom units: 6

1bedroom: $778.00 per month

2bedrooms: $946.00 per month

3bedrooms: $1,256.00 per month



Inquiry & Reviews (1)

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2024 Fair Market Rents in Indianapolis, IN 46203 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Indianapolis, IN 46203 offer diverse housing options, including those relevant to Section 8 assistance:

  Efficiency: $783 (low) to $957 (high) per month
  One-Bedrooms: $918 (low) to $1,122 (high) per month
  Two-Bedrooms: $1,080 (low) to $1,320 (high) per month
  Three-Bedrooms: $1,404 (low) to $1,716 (high) per month
  Four-Bedrooms: $1,701 (low) to $2,079 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Indianapolis, IN 46203 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Indianapolis-Carmel, IN HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.