Low Income Apartments and Affordable Housing For Rent in Boone County, IA

Discover affordable housing in Boone County 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.

Cedar Crossing Senior Apartments

2003 Cedar Street, Boone, Iowa 50036

bed 1
payment $663/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible

Alice Place at Boone

1704 Hawkeye Dr, Boone, Iowa 50036

bed 1-2
payment $615-700/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Candleridge Apartments of Boone

1012 Parkway Dr, Boone, Iowa 50036

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Linden Apartments

1111 Parkway Dr, Boone, Iowa 50036

switch_access_shortcut Short Wait
accessibility Accessible

Bright Meadows

619 Haws Dr, Ogden, Iowa 50212

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Pinnacle Apartments

316 2nd St, Boone, Iowa 50036

payment Subsidized

Candleridge Boone

1024 Parkway Dr, Boone, Iowa 50036

Valley Railroad Apartments

2902 Iowa St, Perry, Iowa 50220

bed 1-3
payment $525-605/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.

Anna's Grove

600 Maverick Ln, Madrid, Iowa 50156

bed 3
payment $1150/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.

William Pointe by Kading

2908 Kading Rd, Perry, Iowa 50220

bed 3
payment $920/mo.

Oakwood

2101 Oakwood Rd, Ames, Iowa 50014

bed 2
payment $850/mo.

BlockOne

2320 Lincoln Way, Ames, Iowa 50014

bed 3-4
payment $599-625/mo.

4006 Ontario St

4006 Ontario St, Ames, Iowa 50014

bed 2
payment $750/mo.

259 N Hyland Ave Unit 2

259 N Hyland Ave Unit 2, Ames, Iowa 50014

bed 2
payment $800/mo.

1628 Nebraska St

1628 Nebraska St, Boone, Iowa 50036

bed 3
payment $1200/mo.

528 Pennsylvania Ave Unit 12

528 Pennsylvania Ave Unit 12, Story City, Iowa 50248

bed 1
payment $625/mo.

How To Identify Affordable Housing in Boone County, 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 Boone County, Iowa
$17.05/hour
$9.80 (+135%) more than Iowa minimum wage and $9.80 (+135%) more than the Federal minimum wage.
Learn More About Boone County, Iowa Affordable Housing ↓

What HUD offices serve Boone County, 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 Boone County, Iowa.

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

How many renters live in Boone County, Iowa?

The County of Boone County has people living in households.

There are renters living in renter households in this County. Renters make up 17.63 percent of the population living in Boone County.

What is the rental market like in Boone County, Iowa?

There are an estimated housing units in the Boone County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Boone County, Iowa, there are 1.13 rental units.

What is the vacancy rate for rentals in Boone County?

The rental vacancy rate in Boone County 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 Boone County for each bedroom size?

Occupied Rental Units by Size in Boone County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
53 619 850 512 157
Occupied Rental Units by Size in Boone County

A large number of apartments in Boone County 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 Boone County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $614 to $1,348. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $614
One BR $685
Two BR $900
Three BR $1,268
Four BR $1,348
2024 Fair Market Rents in Boone County, Iowa

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

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 33 62 percent
One BR 329 53 percent
Two BR 451 53 percent
Rental Units Below FMR in Boone County, Iowa

How many affordable rental units are in Boone County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Boone County, Iowa

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

Income Based Apartments in Boone County, Iowa

Boone County features 259 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 County, Iowa

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

Housing Choice Vouchers in Boone County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone County, Iowa for a two-bedroom apartment is between $810 and $990.

Sourced from federal housing data and AffordableHousingOnline.com research.

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