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

Discover affordable housing in Audubon where there are 1+ 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.

Audubon Friendship

615 Northwestern Ave, Audubon, Iowa 50025

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

What HUD offices serve Audubon, 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), Family Self-Sufficiency programs for Audubon, Iowa.

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

How many renters live in Audubon, Iowa?

The City of Audubon has 2,089 people living in 1,040 households.

There are 549 renters living in 267 renter households in this City. Renters make up 26.28 percent of the population living in Audubon.

What is the rental market like in Audubon, Iowa?

There are an estimated 1,114 housing units in the Audubon area. Of these, 272 units are rental homes, making up 24 percent of the housing market. For every renter household in Audubon, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Audubon?

The rental vacancy rate in Audubon is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Audubon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 149 72 37 6
Occupied Rental Units by Size in Audubon

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

Among renter households in this market, 57 percent have housing cost burden. Further, 36 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 Audubon

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 $714
Two BR $862
Three BR $1,042
Four BR $1,148
2024 Fair Market Rents in Audubon, Iowa

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

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 75 50 percent
Two BR 41 57 percent
Rental Units Below FMR in Audubon, Iowa

How many affordable rental units are in Audubon?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 29
Tracked Units by Federal Program in Audubon, Iowa

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

Income Based Apartments in Audubon, Iowa

Audubon features 29 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 Audubon, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Audubon.

Housing Choice Vouchers in Audubon, Iowa

On average, Section 8 Housing Choice vouchers pay Audubon landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Audubon.

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

Sourced from federal housing data and AffordableHousingOnline.com research.