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

Discover affordable housing in Corning where there are 4+ 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.

Westgate Housing

1125 Westgate Dr, Corning, Iowa 50841

Southern Iowa Housing, L.P.I.

S Loomis And Highway 34, Corning, Iowa 50841

Riverview Apartments

2236 Loomis Avenue Ext, Corning, Iowa 50841

Iowa

502 506 4th St, Corning, Iowa 0

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 Corning, Iowa
$17.54/hour
$10.29 (+142%) more than Iowa minimum wage and $10.29 (+142%) more than the Federal minimum wage.
Learn More About Corning, Iowa Affordable Housing ↓

What HUD offices serve Corning, 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 Public Housing programs for Corning, Iowa.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Corning, Iowa.

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

How many renters live in Corning, Iowa?

The City of Corning has 1,592 people living in 692 households.

There are 376 renters living in 201 renter households in this City. Renters make up 23.62 percent of the population living in Corning.

What is the rental market like in Corning, Iowa?

There are an estimated 885 housing units in the Corning area. Of these, 224 units are rental homes, making up 25 percent of the housing market. For every renter household in Corning, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Corning?

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

Occupied Rental Units by Size in Corning
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 58 47 58 18
Occupied Rental Units by Size in Corning

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

Among renter households in this market, 28 percent have housing cost burden. Further, 11 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 Corning

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $676 to $1,233. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $676
One BR $705
Two BR $926
Three BR $1,120
Four BR $1,233
2024 Fair Market Rents in Corning, Iowa

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

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
Studio 3 75 percent
One BR 52 90 percent
Two BR 32 68 percent
Rental Units Below FMR in Corning, Iowa

How many affordable rental units are in Corning?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Public Housing 60
Tracked Units by Federal Program in Corning, Iowa

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

Income Based Apartments in Corning, Iowa

Corning features 46 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 Corning, Iowa

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corning.

Housing Choice Vouchers in Corning, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Corning, Iowa for a two-bedroom apartment is between $833 and $1,019.

Sourced from federal housing data and AffordableHousingOnline.com research.