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

Discover affordable housing in Lenox where there are 2+ 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.

Lenox Park Apartments

601 E Ohio St, Lenox, Iowa 50851

Sunrise Apartments

401 E Ohio St, Lenox, Iowa 50851

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 Lenox, 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 Lenox, Iowa Affordable Housing ↓

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

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

How many renters live in Lenox, Iowa?

The City of Lenox has 1,488 people living in 571 households.

There are 292 renters living in 141 renter households in this City. Renters make up 19.62 percent of the population living in Lenox.

What is the rental market like in Lenox, Iowa?

There are an estimated 673 housing units in the Lenox area. Of these, 180 units are rental homes, making up 27 percent of the housing market. For every renter household in Lenox, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Lenox?

The rental vacancy rate in Lenox is 22 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 Lenox for each bedroom size?

Occupied Rental Units by Size in Lenox
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 64 62 15 0
Occupied Rental Units by Size in Lenox

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

Among renter households in this market, 26 percent have housing cost burden. Further, 10 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 Lenox

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 Lenox, Iowa

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

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 39 61 percent
Two BR 50 81 percent
Rental Units Below FMR in Lenox, Iowa

How many affordable rental units are in Lenox?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 35
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Lenox, Iowa

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

Income Based Apartments in Lenox, Iowa

Lenox 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 Lenox, Iowa

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

Housing Choice Vouchers in Lenox, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.