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

Discover affordable housing in Creston where there are 12+ 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.

The Iowana

203 W Montgomery Street, Creston, Iowa 50801

bed 1-2

Green Valley Manor

124 Manor Drive #3, Creston, Iowa 50801

bed 1-3

Creston Park Apartments

1501 N Lincoln St & 402 N Oak St, Creston, Iowa 50801

bed 1-3

Autumn House Apartments

107 N Division St, Creston, Iowa 50801

Creston Plaza I

1001 S Sumner St, Creston, Iowa 50801

bed 2-3

Creston Plaza Apartments, Phase II

1003 S Sumner St, Creston, Iowa 50801

Creston Park Apartments

1503 N Lincoln St, Creston, Iowa 50801

Creston Comm Hsg

612 Grand Ave, Creston, Iowa

Unselected

300 N Oak St, Creston, Iowa 50841

Summit House Assoc. - 509 North Maple

509 N Maple St, Creston, Iowa 50801

Clearview Apartments

1013 Manor Dr, Creston, Iowa 50801

Iowa

603 Grand Ave, Creston, Iowa 50801

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Creston, 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.
Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Creston, 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 Creston, Iowa Affordable Housing ↓

What HUD offices serve Creston, 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 Creston, Iowa.

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

How many renters live in Creston, Iowa?

The City of Creston has people living in households.

There are renters living in renter households in this City. Renters make up 25.14 percent of the population living in Creston.

What is the rental market like in Creston, Iowa?

There are an estimated housing units in the Creston area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Creston, Iowa, there are 1.06 rental units.

What is the vacancy rate for rentals in Creston?

The rental vacancy rate in Creston 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 Creston for each bedroom size?

Occupied Rental Units by Size in Creston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
63 306 480 143 16
Occupied Rental Units by Size in Creston

A large number of apartments in Creston 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 Creston

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. 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 $1,144
Four BR $1,148
2024 Fair Market Rents in Creston, Iowa

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

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 34 54 percent
One BR 253 83 percent
Two BR 301 63 percent
Rental Units Below FMR in Creston, Iowa

How many affordable rental units are in Creston?

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

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

Income Based Apartments in Creston, Iowa

Creston features 357 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 Creston, Iowa

There are 137 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Creston.

Housing Choice Vouchers in Creston, Iowa

On average, Section 8 Housing Choice vouchers pay Creston landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Creston.

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

Sourced from federal housing data and AffordableHousingOnline.com research.