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

Discover affordable housing in Tama 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.

Village Park Apartments

1015 S Prospect Dr, Toledo, Iowa 52342

Pv of Tama

202 E 13th St, Tama, Iowa 52339

Tama Senior Housing, - 605 John Street

605 John St, Tama, Iowa 52339

Tama Iha Apartments

1301 Sesame Dr, Tama, Iowa 52339

Indianhead Apartments

203 Prospect Dr, Tama, Iowa 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tama County, Iowa
$16.99/hour
$9.74 (+134%) more than Iowa minimum wage and $9.74 (+134%) more than the Federal minimum wage.
Learn More About Tama County, Iowa Affordable Housing ↓

How many renters live in Tama County, Iowa?

The County of Tama County has 17,017 people living in 6,703 households.

There are 3,961 renters living in 1,639 renter households in this County. Renters make up 23.28 percent of the population living in Tama County.

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

There are an estimated 7,589 housing units in the Tama County area. Of these, 1,790 units are rental homes, making up 24 percent of the housing market. For every renter household in Tama County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Tama County?

The rental vacancy rate in Tama County is 8 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 Tama County for each bedroom size?

Occupied Rental Units by Size in Tama County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
65 261 564 421 234
Occupied Rental Units by Size in Tama County

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

Among renter households in this market, 28 percent have housing cost burden. Further, 15 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 Tama County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,368. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $683
Two BR $897
Three BR $1,085
Four BR $1,368
2024 Fair Market Rents in Tama County, Iowa

How many units are rented at Fair Market Rent (FMR) in Tama 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 13 20 percent
One BR 127 49 percent
Two BR 313 55 percent
Rental Units Below FMR in Tama County, Iowa

How many affordable rental units are in Tama County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
USDA Section 515 Rural Rental Housing 120
Tracked Units by Federal Program in Tama County, Iowa

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

Income Based Apartments in Tama County, Iowa

Tama County features 120 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 Tama County, Iowa

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tama County.

Housing Choice Vouchers in Tama County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tama County, Iowa for a two-bedroom apartment is between $807 and $987.

Sourced from federal housing data and AffordableHousingOnline.com research.