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

Discover affordable housing in Badger 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.

Badger Dev Corp

227 1st St SW, Badger, Iowa 50516

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Badger, Iowa
$16.34/hour
$9.09 (+125%) more than Iowa minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Badger, Iowa Affordable Housing ↓

How many renters live in Badger, Iowa?

The City of Badger has 519 people living in 215 households.

There are 72 renters living in 45 renter households in this City. Renters make up 13.87 percent of the population living in Badger.

What is the rental market like in Badger, Iowa?

There are an estimated 225 housing units in the Badger area. Of these, 45 units are rental homes, making up 20 percent of the housing market. For every renter household in Badger, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Badger?

The rental vacancy rate in Badger is 0 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 Badger for each bedroom size?

Occupied Rental Units by Size in Badger
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 5 13 27 0
Occupied Rental Units by Size in Badger

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

Among renter households in this market, 40 percent have housing cost burden. Further, 2 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 Badger

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,465. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $652
One BR $657
Two BR $863
Three BR $1,159
Four BR $1,465
2024 Fair Market Rents in Badger, Iowa

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

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 5 100 percent
Two BR 13 100 percent
Rental Units Below FMR in Badger, Iowa

How many affordable rental units are in Badger?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Badger, Iowa

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

Income Based Apartments in Badger, Iowa

Badger features 16 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 Badger, Iowa

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

Housing Choice Vouchers in Badger, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Badger, Iowa for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.