Indiana

USDA rental housing in Morgan County, IN

5 properties in Morgan County have USDA Section 515 or 514 financing: 116 apartments across 4 towns. 105 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

5properties
116apartments
105rental assistance units
7vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Sugarwood

13896 North Ferguson, Camby, IN 46113

Elderly · 14 1BR

Managed by Hayes-gibson Property Services

Units
14
Rental assistance
12
Vacant
2
Accessible
0
Opened
2001

Pines Apartments Of Martinsville

33 Pine Drive, Martinsville, IN 46151

Family · 16 1BR, 16 2BR

Managed by Rj Wells Mgmt Corp

Units
32
Rental assistance
27
Vacant
1
Accessible
0
Opened
1992

Brooklyn Meadows

17 Brooklyn Meadows, Mooresville, IN 46158

Family · 8 1BR, 8 2BR

Managed by Landmark Management

Units
16
Rental assistance
15
Vacant
4
Accessible
0
Opened
1981

Spring Hill Apartments III

301 Springmill Dr, Mooresville, IN 46158

Elderly · 30 1BR

Managed by Samaritan Property Management, I

Units
30
Rental assistance
27
Vacant
0
Accessible
2
Opened
1992

Village Apts Of Morgantown

370 N Church St, Morgantown, IN 46160

Elderly · 16 1BR, 8 2BR

Managed by Village Mgmt Co INC

Units
24
Rental assistance
24
Vacant
0
Accessible
0
Opened
1990

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 1 nonprofit, 4 limited-profit. 1 also has housing tax credits. 3 serve elderly tenants. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Morgan County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

Alert emails haven't started on this site yet. Your sign-up is saved, and when sending starts the first email asks you to confirm.

Every property in one file: 515/514 portfolio download (CSV and JSON).