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

Discover affordable housing in Donnellson 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.

Southview Apts

700 Madison Ave, Donnellson, Iowa

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Donnellson, Iowa
$16.70/hour
$9.45 (+130%) more than Iowa minimum wage and $9.45 (+130%) more than the Federal minimum wage.
Learn More About Donnellson, Iowa Affordable Housing ↓

How many renters live in Donnellson, Iowa?

The City of Donnellson has 920 people living in 357 households.

There are 227 renters living in 98 renter households in this City. Renters make up 24.67 percent of the population living in Donnellson.

What is the rental market like in Donnellson, Iowa?

There are an estimated 417 housing units in the Donnellson area. Of these, 98 units are rental homes, making up 24 percent of the housing market. For every renter household in Donnellson, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Donnellson?

The rental vacancy rate in Donnellson is 0 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 Donnellson for each bedroom size?

Occupied Rental Units by Size in Donnellson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 20 68 4 1
Occupied Rental Units by Size in Donnellson

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

Among renter households in this market, 36 percent have housing cost burden. Further, 18 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 Donnellson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $598 to $1,207. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $598
One BR $672
Two BR $882
Three BR $1,185
Four BR $1,207
2024 Fair Market Rents in Donnellson, Iowa

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

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 2 40 percent
One BR 10 50 percent
Two BR 44 65 percent
Rental Units Below FMR in Donnellson, Iowa

How many affordable rental units are in Donnellson?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 15
Tracked Units by Federal Program in Donnellson, Iowa

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

Income Based Apartments in Donnellson, Iowa

Donnellson features 15 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 Donnellson, Iowa

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

Housing Choice Vouchers in Donnellson, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Donnellson, Iowa for a two-bedroom apartment is between $794 and $970.

Sourced from federal housing data and AffordableHousingOnline.com research.