Low Income Apartments and Affordable Housing For Rent in Cedar Falls, IA

Discover affordable housing in Cedar Falls where there are 26+ 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.

1920-1922 Waterloo Rd Unit 1922

1920-1922 Waterloo Rd Unit 1922, Cedar Falls, Iowa 50613

bed 3
payment $1225/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

804 Iowa St

804 Iowa St, Cedar Falls, Iowa 50613

bed 3
payment $975/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

2503 Olive St Unit 1

2503 Olive St Unit 1, Cedar Falls, Iowa 50613

bed 3
payment $875/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

3914-3916 Sturgis Dr

3914-3916 Sturgis Dr, Cedar Falls, Iowa 50613

bed 3
payment $1250/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

204 W Seerley Blvd Unit 3

204 W Seerley Blvd Unit 3, Cedar Falls, Iowa 50613

bed 4
payment $1400/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

2503 Olive St Unit 4

2503 Olive St Unit 4, Cedar Falls, Iowa 50613

bed 1
payment $640/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in Cedar Falls, 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.
calendar_today Opened: Jun 13
Open Until Further Notice
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Reported On June 13th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cedar Falls, Iowa
$17.88/hour
$10.63 (+147%) more than Iowa minimum wage and $10.63 (+147%) more than the Federal minimum wage.
Learn More About Cedar Falls, Iowa Affordable Housing ↓

What HUD offices serve Cedar Falls, 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) programs for Cedar Falls, Iowa.

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

How many renters live in Cedar Falls, Iowa?

The City of Cedar Falls has people living in households.

There are renters living in renter households in this City. Renters make up 32.49 percent of the population living in Cedar Falls.

What is the rental market like in Cedar Falls, Iowa?

There are an estimated housing units in the Cedar Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cedar Falls, Iowa, there are 1.08 rental units.

What is the vacancy rate for rentals in Cedar Falls?

The rental vacancy rate in Cedar Falls 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 Cedar Falls for each bedroom size?

Occupied Rental Units by Size in Cedar Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
207 946 2,402 913 1,110
Occupied Rental Units by Size in Cedar Falls

A large number of apartments in Cedar Falls 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 Cedar Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,602. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $640
One BR $737
Two BR $944
Three BR $1,250
Four BR $1,602
2024 Fair Market Rents in Cedar Falls, Iowa

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

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 66 32 percent
One BR 310 33 percent
Two BR 655 27 percent
Rental Units Below FMR in Cedar Falls, Iowa

How many affordable rental units are in Cedar Falls?

There are a variety of federal affordable housing programs serving households in Cedar Falls, 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 Cedar Falls, Iowa

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

Income Based Apartments in Cedar Falls, Iowa

Cedar Falls features 190 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 Cedar Falls, Iowa

There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cedar Falls.

Housing Choice Vouchers in Cedar Falls, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cedar Falls, Iowa for a two-bedroom apartment is between $850 and $1,038.

Sourced from federal housing data and AffordableHousingOnline.com research.

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