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

Discover affordable housing in Libertyville 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.

Broadway Towers Liv

305 W Broadway St, Libertyville, Iowa

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 Libertyville, Iowa
$18.48/hour
$11.23 (+155%) more than Iowa minimum wage and $11.23 (+155%) more than the Federal minimum wage.
Learn More About Libertyville, Iowa Affordable Housing ↓

What HUD offices serve Libertyville, 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 Libertyville, Iowa.

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

How many renters live in Libertyville, Iowa?

The City of Libertyville has 325 people living in 142 households.

There are 82 renters living in 44 renter households in this City. Renters make up 25.23 percent of the population living in Libertyville.

What is the rental market like in Libertyville, Iowa?

There are an estimated 159 housing units in the Libertyville area. Of these, 48 units are rental homes, making up 30 percent of the housing market. For every renter household in Libertyville, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Libertyville?

The rental vacancy rate in Libertyville is 8 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 Libertyville for each bedroom size?

Occupied Rental Units by Size in Libertyville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 10 21 13 0
Occupied Rental Units by Size in Libertyville

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

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Libertyville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $738
One BR $743
Two BR $976
Three BR $1,180
Four BR $1,300
2024 Fair Market Rents in Libertyville, Iowa

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

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 18 86 percent
Rental Units Below FMR in Libertyville, Iowa

How many affordable rental units are in Libertyville?

Income Based Apartments in Libertyville, Iowa

Libertyville features 6 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 Libertyville, Iowa

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

Housing Choice Vouchers in Libertyville, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Libertyville, Iowa for a two-bedroom apartment is between $878 and $1,074.

Sourced from federal housing data and AffordableHousingOnline.com research.