Low Income Apartments and Affordable Housing For Rent in Ringgold County, IA

Discover affordable housing in Ringgold County 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.

Tingley Housing Corporation

301 E Main St, Tingley, Iowa 50863

Clearfield Manor

407 4th St, Clearfield, Iowa 50840

Heritage Park Apartments

306 E Monroe St, Mount Ayr, Iowa 50854

Diagonal Hsg Corp

108 Broadway St, Diagonal, Iowa

Diagonal Housing Corp

407 W 7th St, Diagonal, Iowa 50845

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 Ringgold County, 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 Ringgold County, Iowa Affordable Housing ↓

What HUD offices serve Ringgold County, 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 Ringgold County, Iowa.

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

How many renters live in Ringgold County, Iowa?

The County of Ringgold County has 4,690 people living in 1,844 households.

There are 858 renters living in 409 renter households in this County. Renters make up 18.29 percent of the population living in Ringgold County.

What is the rental market like in Ringgold County, Iowa?

There are an estimated 2,673 housing units in the Ringgold County area. Of these, 440 units are rental homes, making up 16 percent of the housing market. For every renter household in Ringgold County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Ringgold County?

The rental vacancy rate in Ringgold County 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 Ringgold County for each bedroom size?

Occupied Rental Units by Size in Ringgold County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 82 147 117 42
Occupied Rental Units by Size in Ringgold County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 6 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 Ringgold County

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 $729
Two BR $862
Three BR $1,042
Four BR $1,148
2024 Fair Market Rents in Ringgold County, Iowa

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

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 11 100 percent
One BR 66 80 percent
Two BR 81 55 percent
Rental Units Below FMR in Ringgold County, Iowa

How many affordable rental units are in Ringgold County?

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

Federal Program Unit Count
Public Housing 46
Section 8 Project-Based Rental Assistance 8
Section 202 Supportive Housing for the Elderly 1
Tracked Units by Federal Program in Ringgold County, Iowa

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

Income Based Apartments in Ringgold County, Iowa

Ringgold County features 51 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 Ringgold County, Iowa

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

Housing Choice Vouchers in Ringgold County, Iowa

On average, Section 8 Housing Choice vouchers pay Ringgold County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Ringgold County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.