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

Discover affordable housing in Centerville where there are 5+ 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.

Centerville Senior Lofts

421 N Main Street, Centerville, Iowa 52544

Shamrock Heights

1020 Shamrock Ln, Centerville, Iowa 52544

317 E Oak St

317 E Oak St, Centerville, Iowa 52544

Centerville Housing Inc Project 01 - 9

1315 E Cross St, Centerville, Iowa 52544

The Landings

1110 E Cross St, Centerville, Iowa 52544

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Centerville, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Centerville, Iowa Affordable Housing ↓

What HUD offices serve Centerville, 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 Centerville, Iowa.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Centerville, Iowa.

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

How many renters live in Centerville, Iowa?

The City of Centerville has 5,393 people living in 2,299 households.

There are 1,981 renters living in 987 renter households in this City. Renters make up 36.73 percent of the population living in Centerville.

What is the rental market like in Centerville, Iowa?

There are an estimated 2,816 housing units in the Centerville area. Of these, 1,075 units are rental homes, making up 38 percent of the housing market. For every renter household in Centerville, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Centerville?

The rental vacancy rate in Centerville is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Centerville for each bedroom size?

Occupied Rental Units by Size in Centerville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
18 252 351 279 57
Occupied Rental Units by Size in Centerville

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

How many renter households in Centerville are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Centerville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,281. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $656
Two BR $862
Three BR $1,042
Four BR $1,281
2024 Fair Market Rents in Centerville, Iowa

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

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 18 100 percent
One BR 173 69 percent
Two BR 215 61 percent
Rental Units Below FMR in Centerville, Iowa

How many affordable rental units are in Centerville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 91
Public Housing 100
Section 8 Project-Based Rental Assistance 51
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Centerville, Iowa

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

Income Based Apartments in Centerville, Iowa

Centerville features 207 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 Centerville, Iowa

There are 94 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Centerville.

Housing Choice Vouchers in Centerville, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Centerville, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.