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

Discover affordable housing in Lyon County where there are 3+ 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.

Rosewood Heights Apartments

1202 S 3rd Ave, Rock Rapids, Iowa 51246

Rock Rapids

101 S Lincoln St, Rock Rapids, Iowa 51246

Stensland Brothers Dairy

1663 Ashley Ave, Larchwood, Iowa

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

How many renters live in Lyon County, Iowa?

The County of Lyon County has 12,023 people living in 4,412 households.

There are 1,583 renters living in 712 renter households in this County. Renters make up 13.17 percent of the population living in Lyon County.

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

There are an estimated 4,853 housing units in the Lyon County area. Of these, 887 units are rental homes, making up 18 percent of the housing market. For every renter household in Lyon County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Lyon County?

The rental vacancy rate in Lyon County is 17 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 Lyon County for each bedroom size?

Occupied Rental Units by Size in Lyon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 70 201 227 192
Occupied Rental Units by Size in Lyon County

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

Among renter households in this market, 18 percent have housing cost burden. Further, 5 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 Lyon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $750
Two BR $862
Three BR $1,042
Four BR $1,300
2024 Fair Market Rents in Lyon County, Iowa

How many units are rented at Fair Market Rent (FMR) in Lyon 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 6 60 percent
One BR 61 87 percent
Two BR 111 55 percent
Rental Units Below FMR in Lyon County, Iowa

How many affordable rental units are in Lyon County?

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

Federal Program Unit Count
Public Housing 36
Section 8 Project-Based Rental Assistance 34
Tracked Units by Federal Program in Lyon County, Iowa

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

Income Based Apartments in Lyon County, Iowa

Lyon County features 92 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 Lyon County, Iowa

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

Housing Choice Vouchers in Lyon County, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.