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

Discover affordable housing in Delta 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.

Delta Community Housing

200 E 3rd St, Delta, Iowa 52550

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 Delta, Iowa
$16.61/hour
$9.36 (+129%) more than Iowa minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Delta, Iowa Affordable Housing ↓

What HUD offices serve Delta, 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 Delta, Iowa.

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

How many renters live in Delta, Iowa?

The City of Delta has 311 people living in 123 households.

There are 55 renters living in 17 renter households in this City. Renters make up 17.68 percent of the population living in Delta.

What is the rental market like in Delta, Iowa?

There are an estimated 156 housing units in the Delta area. Of these, 17 units are rental homes, making up 11 percent of the housing market. For every renter household in Delta, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Delta?

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

Occupied Rental Units by Size in Delta
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 8 2 4 1
Occupied Rental Units by Size in Delta

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

Among renter households in this market, 29 percent have housing cost burden. Further, 18 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 Delta

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $641 to $1,168. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $641
One BR $708
Two BR $877
Three BR $1,101
Four BR $1,168
2024 Fair Market Rents in Delta, Iowa

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

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 1 50 percent
One BR 8 100 percent
Two BR 0 100 percent
Rental Units Below FMR in Delta, Iowa

How many affordable rental units are in Delta?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 22
Tracked Units by Federal Program in Delta, Iowa

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

Income Based Apartments in Delta, Iowa

Delta features 22 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 Delta, Iowa

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

Housing Choice Vouchers in Delta, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Delta, Iowa for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.