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

Discover affordable housing in Waukee where there are 10+ 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.

Candleridge Apartments of Waukee II

222 Laurel St, Waukee, Iowa 50263

Candleridge Apartments of Waukee

200 Laurel St, Waukee, Iowa 50263

Sugar Creek Waukee

1600 Grant Pkwy, Waukee, Iowa 50263

Lyn Circle Townhomes

1020 SE Mapleleaf Ln, Waukee, Iowa 50263

Windfield West III Apartments

125 SE Windfield Pkwy, Waukee, Iowa 50263

Windfield West Apartments

301 Warrior Ln, Waukee, Iowa 0

Waukee Family Housing

1300 SE Jacob, Waukee, Iowa 50263

Hometown Harbor Waukee

560 SE Brick Dr, Waukee, Iowa 50263

Mid - Iowa - E 18th University

E 18th and University, Waukee, Iowa 50263

Sugar Creek Apartments

1600 SE LA Grant Pkwy, Waukee, Iowa 50263

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 Waukee, Iowa
$20.45/hour
$13.20 (+182%) more than Iowa minimum wage and $13.20 (+182%) more than the Federal minimum wage.
Learn More About Waukee, Iowa Affordable Housing ↓

What HUD offices serve Waukee, 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 Waukee, Iowa.

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

How many renters live in Waukee, Iowa?

The City of Waukee has 25,045 people living in 9,924 households.

There are 5,628 renters living in 2,912 renter households in this City. Renters make up 22.47 percent of the population living in Waukee.

What is the rental market like in Waukee, Iowa?

There are an estimated 10,318 housing units in the Waukee area. Of these, 3,231 units are rental homes, making up 31 percent of the housing market. For every renter household in Waukee, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Waukee?

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

Occupied Rental Units by Size in Waukee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
95 778 1,457 453 118
Occupied Rental Units by Size in Waukee

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

Among renter households in this market, 36 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 Waukee

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $833 to $1,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $833
One BR $899
Two BR $1,080
Three BR $1,477
Four BR $1,481
2024 Fair Market Rents in Waukee, Iowa

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

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 0 100 percent
One BR 175 22 percent
Two BR 443 30 percent
Rental Units Below FMR in Waukee, Iowa

How many affordable rental units are in Waukee?

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

Federal Program Unit Count
Low Income Housing Tax Credit 480
Tracked Units by Federal Program in Waukee, Iowa

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

Income Based Apartments in Waukee, Iowa

Waukee features 0 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 Waukee, Iowa

There are 438 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waukee.

Housing Choice Vouchers in Waukee, Iowa

On average, Section 8 Housing Choice vouchers pay Waukee landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Waukee.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waukee, Iowa for a two-bedroom apartment is between $972 and $1,188.

Sourced from federal housing data and AffordableHousingOnline.com research.