Low Income Apartments and Affordable Housing For Rent in Manson, IA

Discover affordable housing in Manson where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Golden Meadows

805 13th Ave, Manson, Iowa 50563

Rock Island Apartments

844 12th Ave, Manson, Iowa 50563

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Manson, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Manson, Iowa Affordable Housing ↓

How many renters live in Manson, Iowa?

The City of Manson has 1,718 people living in 780 households.

There are 325 renters living in 190 renter households in this City. Renters make up 18.92 percent of the population living in Manson.

What is the rental market like in Manson, Iowa?

There are an estimated 893 housing units in the Manson area. Of these, 242 units are rental homes, making up 27 percent of the housing market. For every renter household in Manson, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Manson?

The rental vacancy rate in Manson is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Manson for each bedroom size?

Occupied Rental Units by Size in Manson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 71 67 41 5
Occupied Rental Units by Size in Manson

A large number of apartments in Manson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Manson are overburdened by housing costs?

Among renter households in this market, 27 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Manson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $695
Two BR $862
Three BR $1,112
Four BR $1,148
2024 Fair Market Rents in Manson, Iowa

How many units are rented at Fair Market Rent (FMR) in Manson?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 62 87 percent
Two BR 57 85 percent
Rental Units Below FMR in Manson, Iowa

How many affordable rental units are in Manson?

There are a variety of federal affordable housing programs serving households in Manson, Iowa including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 50
Tracked Units by Federal Program in Manson, Iowa

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Manson, Iowa

Manson features 50 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Manson, Iowa

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Manson.

Housing Choice Vouchers in Manson, Iowa

On average, Section 8 Housing Choice vouchers pay Manson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Manson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Manson, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.