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

Discover affordable housing in Ames where there are 24+ 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.

Eastwood Apartments

420 E 7th St, Ames, Iowa 50010

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Windsor Pointe

3815 Tripp St., Ames, Iowa 50014

bed 1-3
payment $816-1001/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Keystone and Stonehaven Apartments

3115 Roy Key Ave, Ames, Iowa 50010

payment Subsidized

South Meadow

321 S 5th St, Ames, Iowa 50010

bed 1
payment $880/mo.

Total Property Management 528-530 Welch Ave.

528-530 Welch Ave, Ames, Iowa 50014

bed 3
payment $1200/mo.

The Social West Ames®

1320 Coconino Rd, Ames, Iowa 50014

bed 3-4
payment $449-519/mo.

Copper Beech at Ames

1717 S Grand Ave, Ames, Iowa 50010

bed 3-4
payment $595-610/mo.

Hickory Ridge Apartments

4301 Lincoln Swing, Ames, Iowa 50014

bed 2
payment $899/mo.

Alpine Manor Apartments

1209 N Dakota Ave, Ames, Iowa 50014

bed 3
payment $999/mo.

Grandview Square Apartments

2505 Jensen Ave, Ames, Iowa 50010

bed 2
payment $775/mo.

Prairie West

2330 Prairie View West Dr, Ames, Iowa 50010

bed 3
payment $1415/mo.

Oakwood

2101 Oakwood Rd, Ames, Iowa 50014

bed 2
payment $850/mo.

South Duff

416 Billy Sunday Rd, Ames, Iowa 50010

bed Studio-4
payment $785-1700/mo.

BlockOne

2320 Lincoln Way, Ames, Iowa 50014

bed 3-4
payment $599-625/mo.

Spacious Apartments minutes from everything

219 Crystal St, Ames, Iowa 50010

bed 2
payment $875/mo.

1116 28th St

1116 28th St, Ames, Iowa 50010

bed 1
payment $750/mo.

4006 Ontario St

4006 Ontario St, Ames, Iowa 50014

bed 2
payment $750/mo.

3111 Diamond St

3111 Diamond St, Ames, Iowa 50010

bed 4
payment $1650/mo.

259 N Hyland Ave Unit 2

259 N Hyland Ave Unit 2, Ames, Iowa 50014

bed 2
payment $800/mo.

517 9th St Unit 519

517 9th St Unit 519, Ames, Iowa 50010

bed 1
payment $850/mo.

How To Identify Affordable Housing in Ames, Iowa

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ames, Iowa
$19.56/hour
$12.31 (+170%) more than Iowa minimum wage and $12.31 (+170%) more than the Federal minimum wage.
Learn More About Ames, Iowa Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Ames, Iowa.

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

How many renters live in Ames, Iowa?

The City of Ames has people living in households.

There are renters living in renter households in this City. Renters make up 44.23 percent of the population living in Ames.

What is the rental market like in Ames, Iowa?

There are an estimated housing units in the Ames area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ames, Iowa, there are 0.99 rental units.

What is the vacancy rate for rentals in Ames?

The rental vacancy rate in Ames is 7 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 Ames for each bedroom size?

Occupied Rental Units by Size in Ames
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
802 3,844 5,834 2,576 1,381
Occupied Rental Units by Size in Ames

A large number of apartments in Ames have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Ames

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $847 to $1,753. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $847
One BR $918
Two BR $1,033
Three BR $1,456
Four BR $1,753
2024 Fair Market Rents in Ames, Iowa

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

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 385 48 percent
One BR 1,986 52 percent
Two BR 3,017 52 percent
Rental Units Below FMR in Ames, Iowa

How many affordable rental units are in Ames?

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

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

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

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 $930 and $1,136.

Sourced from federal housing data and AffordableHousingOnline.com research.

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