Indiana

USDA rental housing in Putnam County, IN

11 properties in Putnam County have USDA Section 515 or 514 financing: 235 apartments across 4 towns. 166 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

11properties
235apartments
166rental assistance units
17vacant 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 Listings come from USDA's public data and may be out of date.

Clover Park Apts

2543 E County Road 1000 S, Cloverdale, IN 46120

Family · 8 1BR, 16 2BR

Managed by Wdc Mgmt INC

Units
24
Rental assistance
16
Vacant
3
Accessible
0
Opened
1991

Cloverdale Comm Hsg

452 N Grant St, Cloverdale, IN 46120

Elderly · 32 1BR, 4 2BR

Managed by Justus Property Management

Units
36
Rental assistance
30
Vacant
3
Accessible
2
Opened
1978

Cloverview Apts

604 S Main St, Cloverdale, IN 46120

Family · 8 1BR, 4 2BR

Managed by Justus Property Management

Units
12
Rental assistance
8
Vacant
1
Accessible
0
Opened
1982

Ridgewood Apts

502 N Main St, Cloverdale, IN 46120

Elderly · 16 1BR, 2 2BR

Managed by Trimac Mgmt INC

Units
18
Rental assistance
15
Vacant
0
Accessible
0
Opened
1997

Roachdale Westwind Apartments

5540 U.s. 136 E., Crawfordsville, IN 47933

Family · 16 1BR, 4 2BR

Managed by Justus Property Management

Units
20
Rental assistance
18
Vacant
1
Accessible
0
Opened
1980

Canterbury Est I

1043 Canterbury Dr, Greencastle, IN 46135

Family · 25 1BR

Managed by Samaritan Property Management, I

Units
25
Rental assistance
14
Vacant
0
Accessible
0
Opened
1976

Canterbury Est II

1043 Canterbury Dr, Greencastle, IN 46135

Elderly · 28 1BR

Managed by Samaritan Property Management, I

Units
28
Rental assistance
14
Vacant
1
Accessible
0
Opened
1977

Canterbury Est III

1043 Castlebury Drive, Greencastle, IN 46135

Elderly · 16 1BR

Managed by Samaritan Property Management, I

Units
16
Rental assistance
11
Vacant
0
Accessible
0
Opened
1985

Castlebury Apts II 170 N. Perry Road

1043 Castlebury Driv, Greencastle, IN 46135

Family · 16 1BR, 8 2BR

Managed by Samaritan Property Management, I

Units
24
Rental assistance
13
Vacant
4
Accessible
0
Opened
1983

Country Place Greencastle

51 Woodhaven Drive, Greencastle, IN 46135

Family · 8 1BR, 16 2BR

Managed by Justus Property Management

Units
24
Rental assistance
20
Vacant
3
Accessible
2
Opened
1991

Russellville Apts

105 N. Fordice St., Russellville, IN 46175

Family · 4 1BR, 4 2BR

Managed by Biggs Property Management

Units
8
Rental assistance
7
Vacant
1
Accessible
0
Opened
1993

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, 10 limited-profit. 4 also have housing tax credits. 4 serve elderly tenants. USDA's file shows use restrictions on 2 properties 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 Putnam 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.

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