Affordable Housing In Cedar Rapids
Linn County, Iowa

44 Low Income Apartment Communities In Cedar Rapids

Valley View Apartments

427 Ashton Pl NE
Cedar Rapids, IA
Income Based
1-3 BR
HCV Welcome

Country Hill

635 Ashton Place N.E.
Cedar Rapids, IA
Call For Rent
1-2 BR
HCV Welcome

Cedar Crest Apartments

1100 O Avenue, NW
Cedar Rapids, IA
$495-925
1-2 BR
HCV Welcome

Center Pointe

1427 Center Point Road
Cedar Rapids, IA
Income Based
1-2 BR
HCV Welcome

Edgewood

3404 Queen Drive S.W.
Cedar Rapids, IA
Income Based
1-2 BR
62+
Accessible
HCV Welcome

Westover Manor Apartments

205 40th St. Dr. S.E.
Cedar Rapids, IA
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Kingston Village

600 2nd St SW
Cedar Rapids, IA
Call For Rent
1-4 BR
HCV Welcome
Market Rate

The Roosevelt Apartments

200 1st Ave NE
Cedar Rapids, IA
HCV Welcome

Crestwood Ridge Apartments

1200 Edgewood Rd NW
Cedar Rapids, IA
Income Based
1-3 BR
HCV Welcome
Market Rate

Commonwealth Senior Apartments

1400 2nd Ave SE
Cedar Rapids, IA
$450-650
Studio-2 BR
HCV Welcome
Market Rate

Housing Authorities that serve Cedar Rapids

Housing Authority Programs
Cedar Rapids Housing Services Division Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Cedar Rapids, Iowa

According to federal housing data and AffordableHousingOnline.com research, there are 44 low income housing apartment communities offering 2,765 affordable apartments for rent in Cedar Rapids, Iowa. Cedar Rapids features 889 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,846 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Cedar Rapids.

Cedar Rapids, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 44
Total Low Income Apartments 2,765
Total Housing Units with Rental Assistance 889
Percentage of Housing Units Occupied By Renters 31.07%
Average Renter Household Size 2.08
Average Household Size 2.35
Median Household Income $53,581 ±$1,653
Median Rent $695 ±$14
Percentage Of Renters Overburdened 43.77% ± 3.46pp
Total Population 128,829

Population and Household Demographics

Cedar Rapids is a City in Linn County, Iowa with a population of 128,829. There are 53,328 households in the city with an average household size of 2.35 persons. 31.07% of households in Cedar Rapids are renters.

Income and Rent Overburden in Cedar Rapids

The median gross income for households in Cedar Rapids is $53,581 a year, or $4,465 a month. The median rent for the city is $695 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cedar Rapids, a household making less than $2,317 a month would be considered overburdened when renting an apartment at or above the median rent. 43.77% of households who rent are overburdened in Cedar Rapids.1

Area Median Income In Cedar Rapids

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 Cedar Rapids, the AMI is calculated from all households within Linn County.

In Cedar Rapids, HUD calculates the Area Median Income for a family of four as $89,300

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 Cedar Rapids

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 Cedar Rapids HUD Rental Assistance in Cedar Rapids

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,800 $21,450 $24,150 $26,800 $30,170 $34,590 $39,010 $43,430
50% of Median $31,300 $35,750 $40,200 $44,650 $48,250 $51,800 $55,400 $58,950
80% of Median $50,050 $57,200 $64,350 $71,450 $77,200 $82,900 $88,600 $94,350
Low Income Housing Tax Credits in Cedar Rapids

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2011, 23 low income apartment communities containing 1,598 rental apartments have been constructed and made affordable to low income persons in Cedar Rapids by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Cedar Rapids

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,300 $35,750 $40,200 $44,650 $48,250 $51,800 $55,400 $58,950
60% of Median $37,560 $42,900 $48,240 $53,580 $57,900 $62,160 $66,480 $70,740

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Cedar Rapids is $48,240 a year, or $4,020 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,020 by 30% to get a maximum rent of $1,206 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $783 $838 $1,005 $1,161 $1,295 $1,429
60% $939 $1,006 $1,206 $1,394 $1,554 $1,715
Fair Market Rents in Cedar Rapids

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$506 $590 $777 $1,104 $1,221