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

Discover affordable housing in Baxter 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.

Baxter Park Apartments

206 Harrison Ct and 200 W State St, Baxter, Iowa 50028

Baxter Senior Citizens

303 East Avenue, Baxter, Iowa

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 Baxter, 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 Baxter, Iowa Affordable Housing ↓

What HUD offices serve Baxter, 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 Baxter, Iowa.

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

How many renters live in Baxter, Iowa?

The City of Baxter has 1,036 people living in 446 households.

There are 229 renters living in 123 renter households in this City. Renters make up 22.1 percent of the population living in Baxter.

What is the rental market like in Baxter, Iowa?

There are an estimated 468 housing units in the Baxter area. Of these, 123 units are rental homes, making up 26 percent of the housing market. For every renter household in Baxter, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Baxter?

The rental vacancy rate in Baxter 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 Baxter for each bedroom size?

Occupied Rental Units by Size in Baxter
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 14 83 18 8
Occupied Rental Units by Size in Baxter

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

Among renter households in this market, 58 percent have housing cost burden. Further, 21 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 Baxter

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 Baxter, Iowa

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

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 13 93 percent
Two BR 51 61 percent
Rental Units Below FMR in Baxter, Iowa

How many affordable rental units are in Baxter?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 29
Tracked Units by Federal Program in Baxter, Iowa

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

Income Based Apartments in Baxter, Iowa

Baxter 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 Baxter, Iowa

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

Housing Choice Vouchers in Baxter, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.