Affordable Housing In Ames
Story County, Iowa

Affordable Housing programs support 170 income based apartments in Ames where households pay rent based on how much they earn.

There are 331 affordable apartments in Ames that offer reduced rents to low-income households.

Waiting Lists in Ames, Iowa

There is one Section 8 Housing Choice Voucher waiting list open in Ames.

  • is currently open for new Section 8 applications.

Go to the Iowa Section 8 Waiting Lists page for more openings near Ames.

Eastwood Apartments

420 E 7th St
Ames, Iowa
Rent Assisted

Keystone and Stonehaven Apartments

3115 Roy Key Ave
Ames, Iowa
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Laverne Apartments

919 S 16th St
Ames, Iowa
Affordable

Windsor Pointe

3709 Tripp St
Ames, Iowa
Affordable

The Rose of Ames

1315 Coconino Rd
Ames, Iowa
Affordable

Prairie View Apartments

2330 Prairie View West
Ames, Iowa
Affordable
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Affordable Housing Near Ames

View affordable apartments and waiting lists in cities near Ames

City Apartments
Affordable Housing In Cambridge, IA Affordable Housing programs support 1 apartment communities in Cambridge.
Affordable Housing In Collins, IA Affordable Housing programs support 1 apartment communities in Collins.
Affordable Housing In Maxwell, IA Affordable Housing programs support 1 apartment communities in Maxwell.
Affordable Housing In Nevada, IA Affordable Housing programs support 4 apartment communities in Nevada.
Affordable Housing In Story City, IA Affordable Housing programs support 2 apartment communities in Story City.

Public Housing Agencies Serving Ames, 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.

Housing Authority Programs
City of Ames -
Central Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Ames.

Ames, Iowa Affordable Housing Data

Income Based Apartments in Ames, Iowa

Ames features 170 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 Ames, Iowa

There are 331 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ames.

Housing Choice Vouchers in Ames, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ames, Iowa for a two-bedroom apartment is between $883 and $1,079.

2023 Ames, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Ames, Iowa Fair Market Rent $800 $862 $981 $1,394 $1,671
Ames, Iowa Payment Standard Range $720 to $880 $776 to $948 $883 to $1,079 $1,255 to $1,533 $1,504 to $1,838

Sourced from federal housing data and AffordableHousingOnline.com research.

Ames, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 501
Total Housing Units with Rental Assistance 170
Percentage of Housing Units Occupied By Renters 59.02%
Average Renter Household Size 2.16
Average Household Size 2.25
Median Household Income $41,616 ±$2,388
Median Rent $785 ±$17
Percentage Of Renters Overburdened 57.76% ± 4.13pp
Total Population 62,815

Population and Household Demographics

Ames is a city in Story County, Iowa with a population of 62,815. There are 24,004 households in the city with an average household size of 2.25 persons. 59.02% of households in Ames are renters.

Income and Rent Overburden in Ames

The median gross income for households in Ames is $41,616 a year, or $3,468 a month. The median rent for the city is $785 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ames, a household making less than $2,617 a month would be considered overburdened when renting an apartment at or above the median rent. 57.76% of households who rent are overburdened in Ames.

Area Median Income In Ames

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ames, the AMI is calculated from all households within Story County.

In Ames, HUD calculates the Area Median Income for a family of four as $111,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Ames

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Ames

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Ames AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,150 $24,150 $27,150 $30,150 $32,600 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Ames AMI may qualify for rental assistance programs that target Very Low Income households.
$35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350
80% AMI Income Limits
Renters earning up to 80% of the Ames AMI may qualify for rental assistance programs that target Low Income households.
$56,300 $64,350 $72,400 $80,400 $86,850 $93,300 $99,700 $106,150