Affordable Housing In Boone
Boone County, Iowa

Affordable Housing programs support 212 income based apartments in Boone where households pay rent based on how much they earn.

There are 154 affordable apartments in Boone that offer reduced rents to low-income households.

Waiting Lists in Boone, Iowa

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

  • is currently open for new Section 8 applications.

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

Cedar Crossing Senior Apartments

2003 Cedar Street
Boone, Iowa
$663
1 BR
62+
Affordable

Alice Place at Boone

1704 Hawkeye Dr
Boone, Iowa
$615-700
1-2 BR
Market Rate
55+
Affordable

Linden Apartments

1111 Parkway Dr
Boone, Iowa
Affordable

Pinnacle Apartments

316 2nd St
Boone, Iowa
Rent Assisted

Bn Linden, Lllp - 1015 Parkway Drive

1015 Parkway Dr
Boone, Iowa
Affordable

Candleridge Boone

1024 Parkway Dr
Boone, Iowa
Affordable

Boone Sundance Apartments

1309 S Linn St
Boone, Iowa
Affordable

Candleridge Apartments of Boone

1012 Parkway Dr
Boone, Iowa
Rent Assisted

Cirha Public Housing

305 Greene St
Boone, Iowa
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Affordable Housing Near Boone

View affordable apartments and waiting lists in cities near Boone

City Apartments
Affordable Housing In Ogden, IA Affordable Housing programs support 1 apartment communities in Ogden.

Public Housing Agencies Serving Boone, 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
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 Boone.

Boone, Iowa Affordable Housing Data

Income Based Apartments in Boone, Iowa

Boone features 212 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 Boone, Iowa

There are 154 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone.

Housing Choice Vouchers in Boone, Iowa

On average, Section 8 Housing Choice vouchers pay Boone landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Boone.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone, Iowa for a two-bedroom apartment is between $795 and $971.

2023 Boone, 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
Boone, Iowa Fair Market Rent $602 $671 $883 $1,246 $1,379
Boone, Iowa Payment Standard Range $542 to $662 $604 to $738 $795 to $971 $1,121 to $1,371 $1,241 to $1,517

Sourced from federal housing data and AffordableHousingOnline.com research.

Boone, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 366
Total Housing Units with Rental Assistance 212
Percentage of Housing Units Occupied By Renters 30.85%
Average Renter Household Size 2.22
Average Household Size 2.30
Median Household Income $46,486 ±$4,625
Median Rent $615 ±$44
Percentage Of Renters Overburdened 37.21% ± 10.24pp
Total Population 12,631

Population and Household Demographics

Boone is a city in Boone County, Iowa with a population of 12,631. There are 5,375 households in the city with an average household size of 2.30 persons. 30.85% of households in Boone are renters.

Income and Rent Overburden in Boone

The median gross income for households in Boone is $46,486 a year, or $3,874 a month. The median rent for the city is $615 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boone, a household making less than $2,050 a month would be considered overburdened when renting an apartment at or above the median rent. 37.21% of households who rent are overburdened in Boone.

Area Median Income In Boone

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 Boone, the AMI is calculated from all households within Boone County.

In Boone, HUD calculates the Area Median Income for a family of four as $86,100

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 Boone

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 Boone

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 Boone AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,100 $20,700 $23,300 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Boone AMI may qualify for rental assistance programs that target Very Low Income households.
$30,150 $34,450 $38,750 $43,050 $46,500 $49,950 $53,400 $56,850
80% AMI Income Limits
Renters earning up to 80% of the Boone AMI may qualify for rental assistance programs that target Low Income households.
$48,250 $55,150 $62,050 $68,900 $74,450 $79,950 $85,450 $90,950