Low Income Apartments and Affordable Housing For Rent in Council Bluffs, IA

Discover affordable housing in Council Bluffs where there are 57+ 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.

calendar_today Opened: Dec 18
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Council Bluffs, Iowa
$14.91 (+206%) more than Iowa minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Council Bluffs, Iowa Affordable Housing ↓

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

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

How many renters live in Council Bluffs, Iowa?

The City of Council Bluffs has 62,670 people living in 25,479 households.

There are 20,771 renters living in 9,327 renter households in this City. Renters make up 33.14 percent of the population living in Council Bluffs.

What is the rental market like in Council Bluffs, Iowa?

There are an estimated 27,338 housing units in the Council Bluffs area. Of these, 9,562 units are rental homes, making up 35 percent of the housing market. For every renter household in Council Bluffs, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Council Bluffs?

The rental vacancy rate in Council Bluffs is 1 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 Council Bluffs for each bedroom size?

Occupied Rental Units by Size in Council Bluffs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
526 2,370 4,040 1,862 330
Occupied Rental Units by Size in Council Bluffs

A large number of apartments in Council Bluffs 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 Council Bluffs are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 19 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 Council Bluffs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $895 to $1,733. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $895
One BR $971
Two BR $1,170
Three BR $1,562
Four BR $1,733
2024 Fair Market Rents in Council Bluffs, Iowa

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

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 283 54 percent
One BR 1,794 76 percent
Two BR 2,618 65 percent
Rental Units Below FMR in Council Bluffs, Iowa

How many affordable rental units are in Council Bluffs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,247
Public Housing 295
Section 8 Project-Based Rental Assistance 536
Section 202 Supportive Housing for the Elderly 37
Section 811 Supportive Housing for Persons with Disabilities 24
Tracked Units by Federal Program in Council Bluffs, Iowa

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

Income Based Apartments in Council Bluffs, Iowa

Council Bluffs features 1,081 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 Council Bluffs, Iowa

There are 961 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Council Bluffs.

Housing Choice Vouchers in Council Bluffs, Iowa

On average, Section 8 Housing Choice vouchers pay Council Bluffs landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Council Bluffs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Council Bluffs, Iowa for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.