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

Discover affordable housing in Denison where there are 5+ 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.

Hilldale Estates

1110 N. 10th St., Denison, Iowa 51442

Heritage Heights an Eventide Community

118 S 20th St, Denison, Iowa 51442

Oakwood Manor Apartments

311 N 12th St, Denison, Iowa 51442

Camelot Square

1011 5th Ave N, Denison, Iowa 51442

Hillside Apartments ~ Denison

1209 N 26th St, Denison, Iowa 51442

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Denison, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Denison, Iowa Affordable Housing ↓

What HUD offices serve Denison, 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), Family Self-Sufficiency programs for Denison, Iowa.

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

How many renters live in Denison, Iowa?

The City of Denison has 8,316 people living in 3,029 households.

There are 2,509 renters living in 1,024 renter households in this City. Renters make up 30.17 percent of the population living in Denison.

What is the rental market like in Denison, Iowa?

There are an estimated 3,208 housing units in the Denison area. Of these, 1,069 units are rental homes, making up 33 percent of the housing market. For every renter household in Denison, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Denison?

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

Occupied Rental Units by Size in Denison
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
56 93 459 246 145
Occupied Rental Units by Size in Denison

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

Among renter households in this market, 38 percent have housing cost burden. Further, 15 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 Denison

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,387. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $768
Two BR $862
Three BR $1,106
Four BR $1,387
2024 Fair Market Rents in Denison, Iowa

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

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 29 52 percent
One BR 93 100 percent
Two BR 325 71 percent
Rental Units Below FMR in Denison, Iowa

How many affordable rental units are in Denison?

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

Federal Program Unit Count
Low Income Housing Tax Credit 42
Section 8 Project-Based Rental Assistance 109
Tracked Units by Federal Program in Denison, Iowa

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

Income Based Apartments in Denison, Iowa

Denison features 129 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 Denison, Iowa

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Denison.

Housing Choice Vouchers in Denison, Iowa

On average, Section 8 Housing Choice vouchers pay Denison landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Denison.

The maximum amount a voucher would pay on behalf of a low-income tenant in Denison, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.