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

Discover affordable housing in Blakesburg 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.

Blakesburg Sunset Manor Inc

305 High Street, Blakesburg, Iowa

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Blakesburg, Iowa
$18.88/hour
$11.63 (+160%) more than Iowa minimum wage and $11.63 (+160%) more than the Federal minimum wage.
Learn More About Blakesburg, Iowa Affordable Housing ↓

What HUD offices serve Blakesburg, 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 Blakesburg, Iowa.

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

How many renters live in Blakesburg, Iowa?

The City of Blakesburg has 238 people living in 110 households.

There are 93 renters living in 44 renter households in this City. Renters make up 39.08 percent of the population living in Blakesburg.

What is the rental market like in Blakesburg, Iowa?

There are an estimated 137 housing units in the Blakesburg area. Of these, 49 units are rental homes, making up 36 percent of the housing market. For every renter household in Blakesburg, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Blakesburg?

The rental vacancy rate in Blakesburg is 10 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 Blakesburg for each bedroom size?

Occupied Rental Units by Size in Blakesburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 23 15 6 0
Occupied Rental Units by Size in Blakesburg

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

Among renter households in this market, 50 percent have housing cost burden. Further, 27 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 Blakesburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $728 to $1,506. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $728
One BR $759
Two BR $997
Three BR $1,219
Four BR $1,506
2024 Fair Market Rents in Blakesburg, Iowa

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

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 16 70 percent
Two BR 12 80 percent
Rental Units Below FMR in Blakesburg, Iowa

How many affordable rental units are in Blakesburg?

Income Based Apartments in Blakesburg, Iowa

Blakesburg features 17 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 Blakesburg, Iowa

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

Housing Choice Vouchers in Blakesburg, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Blakesburg, Iowa for a two-bedroom apartment is between $897 and $1,097.

Sourced from federal housing data and AffordableHousingOnline.com research.