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

Discover affordable housing in Danbury 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.

Anderson Apts

205 East St, Danbury, Iowa

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Danbury, Iowa
$19.13/hour
$11.88 (+164%) more than Iowa minimum wage and $11.88 (+164%) more than the Federal minimum wage.
Learn More About Danbury, Iowa Affordable Housing ↓

How many renters live in Danbury, Iowa?

The City of Danbury has 299 people living in 145 households.

There are 36 renters living in 22 renter households in this City. Renters make up 12.04 percent of the population living in Danbury.

What is the rental market like in Danbury, Iowa?

There are an estimated 167 housing units in the Danbury area. Of these, 27 units are rental homes, making up 16 percent of the housing market. For every renter household in Danbury, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Danbury?

The rental vacancy rate in Danbury is 19 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 Danbury for each bedroom size?

Occupied Rental Units by Size in Danbury
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 1 9 12 0
Occupied Rental Units by Size in Danbury

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

Among renter households in this market, 18 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 Danbury

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $780
Two BR $1,010
Three BR $1,228
Four BR $1,345
2024 Fair Market Rents in Danbury, Iowa

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

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 0 100 percent
Two BR 8 89 percent
Rental Units Below FMR in Danbury, Iowa

How many affordable rental units are in Danbury?

Income Based Apartments in Danbury, Iowa

Danbury features 12 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 Danbury, Iowa

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

Housing Choice Vouchers in Danbury, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Danbury, Iowa for a two-bedroom apartment is between $909 and $1,111.

Sourced from federal housing data and AffordableHousingOnline.com research.