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

Discover affordable housing in Newton where there are 18+ 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.

Newton Place Apartments

222 North 4th Avenue West, Newton, Iowa 50208

Hunter's Run Apartments

821 S 13th Ave E, Newton, Iowa 50208

Newton Park Apartments

1425 North 11th Avenue NE, Newton, Iowa 50208

Suncrest Village

1800 S 4th Ave E, Newton, Iowa 50208

Newton Plaza Apartments

901 S 13th Ave E, Newton, Iowa 50208

Candleridge of Newton

1224 N 4th Ave W, Newton, Iowa 50208

Greenway of Newton

1501 N 11th Ave E, Newton, Iowa 50208

Woodland Heights Apartments

1800 W 4th St N, Newton, Iowa 50208

Progress Industries Group Homes

815 E 15th St N, Newton, Iowa 50208

Linden Place - Newton

1105 East 12th Street South, Newton, Iowa 50208

Hotel Maytag Apartments

105 N. 2nd Ave. E., Newton, Iowa 50208

Capstone Housing

313 E 4th St N, Newton, Iowa 50208

Forest View Apartments

1800 S 7th Ave E, Newton, Iowa 50208

Newton Sundance Apartments

210 E 28th St N, Newton, Iowa 50208

Meadow Wood Townhouses

906 E 16th St N, Newton, Iowa 50208

Jewel Apartments

104 1st Ave E, Newton, Iowa 50208

Newton Housing - 1802 S 7th Ave E

1802 S 7th Ave E, Newton, Iowa 50208

Newton Partners Lp - 200 N 17th

200 N 17th, Newton, Iowa 0

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Newton, 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 Newton, Iowa Affordable Housing ↓

What HUD offices serve Newton, Iowa?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Newton, Iowa.

Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Newton.

How many renters live in Newton, Iowa?

The City of Newton has 15,692 people living in 6,527 households.

There are 4,107 renters living in 2,017 renter households in this City. Renters make up 26.17 percent of the population living in Newton.

What is the rental market like in Newton, Iowa?

There are an estimated 7,331 housing units in the Newton area. Of these, 2,258 units are rental homes, making up 31 percent of the housing market. For every renter household in Newton, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Newton?

The rental vacancy rate in Newton is 11 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 Newton for each bedroom size?

Occupied Rental Units by Size in Newton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
18 589 963 417 11
Occupied Rental Units by Size in Newton

A large number of apartments in Newton 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 Newton are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 17 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 Newton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,235. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $652
One BR $656
Two BR $862
Three BR $1,198
Four BR $1,235
2024 Fair Market Rents in Newton, Iowa

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

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
Studio 18 100 percent
One BR 343 58 percent
Two BR 450 47 percent
Rental Units Below FMR in Newton, Iowa

How many affordable rental units are in Newton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 442
Public Housing 20
Section 8 Project-Based Rental Assistance 176
Section 811 Supportive Housing for Persons with Disabilities 21
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Newton, Iowa

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

Income Based Apartments in Newton, Iowa

Newton features 274 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 Newton, Iowa

There are 347 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newton.

Housing Choice Vouchers in Newton, Iowa

On average, Section 8 Housing Choice vouchers pay Newton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Newton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.