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

Discover affordable housing in Danville where there are 1+ 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.

Danville Venture Villa

206 N Birch St, Danville, Iowa 52623

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Danville, Iowa
$19.49/hour
$12.24 (+169%) more than Iowa minimum wage and $12.24 (+169%) more than the Federal minimum wage.
Learn More About Danville, Iowa Affordable Housing ↓

How many renters live in Danville, Iowa?

The City of Danville has 948 people living in 357 households.

There are 114 renters living in 66 renter households in this City. Renters make up 12.03 percent of the population living in Danville.

What is the rental market like in Danville, Iowa?

There are an estimated 380 housing units in the Danville area. Of these, 77 units are rental homes, making up 20 percent of the housing market. For every renter household in Danville, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Danville?

The rental vacancy rate in Danville is 14 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 Danville for each bedroom size?

Occupied Rental Units by Size in Danville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 37 23 2 4
Occupied Rental Units by Size in Danville

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

Among renter households in this market, 44 percent have housing cost burden. Further, 26 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 Danville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $697 to $1,370. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $697
One BR $783
Two BR $1,029
Three BR $1,267
Four BR $1,370
2024 Fair Market Rents in Danville, Iowa

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

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
One BR 28 76 percent
Two BR 19 83 percent
Rental Units Below FMR in Danville, Iowa

How many affordable rental units are in Danville?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Danville, Iowa

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

Income Based Apartments in Danville, Iowa

Danville features 16 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 Danville, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Danville.

Housing Choice Vouchers in Danville, Iowa

On average, Section 8 Housing Choice vouchers pay Danville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Danville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Danville, Iowa for a two-bedroom apartment is between $926 and $1,132.

Sourced from federal housing data and AffordableHousingOnline.com research.