Low Income Apartments and Affordable Housing For Rent in Central City, IA

Discover affordable housing in Central City 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.

North Maine Apts.

259 Marion Rd. South, Central City, Iowa

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Central City, Iowa
$17.82/hour
$10.57 (+146%) more than Iowa minimum wage and $10.57 (+146%) more than the Federal minimum wage.
Learn More About Central City, Iowa Affordable Housing ↓

What HUD offices serve Central City, 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) programs for Central City, Iowa.

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

How many renters live in Central City, Iowa?

The City of Central City has 1,166 people living in 510 households.

There are 238 renters living in 131 renter households in this City. Renters make up 20.41 percent of the population living in Central City.

What is the rental market like in Central City, Iowa?

There are an estimated 565 housing units in the Central City area. Of these, 140 units are rental homes, making up 25 percent of the housing market. For every renter household in Central City, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Central City?

The rental vacancy rate in Central City 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 Central City for each bedroom size?

Occupied Rental Units by Size in Central City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 35 52 41 3
Occupied Rental Units by Size in Central City

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

Among renter households in this market, 37 percent have housing cost burden. Further, 9 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 Central City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,597. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $716
Two BR $941
Three BR $1,326
Four BR $1,597
2024 Fair Market Rents in Central City, Iowa

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

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 24 69 percent
Two BR 45 87 percent
Rental Units Below FMR in Central City, Iowa

How many affordable rental units are in Central City?

Income Based Apartments in Central City, Iowa

Central City features 24 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 Central City, Iowa

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

Housing Choice Vouchers in Central City, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Central City, Iowa for a two-bedroom apartment is between $847 and $1,035.

Sourced from federal housing data and AffordableHousingOnline.com research.