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

Discover affordable housing in Estherville 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.

Country View Apartments

203 S 28th St, Estherville, Iowa 51334

Estherville Housing

220 N 20th St, Estherville, Iowa 51334

Iowa

202 S 13th St, Estherville, Iowa 51334

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

How many renters live in Estherville, Iowa?

The City of Estherville has 5,881 people living in 2,383 households.

There are 1,544 renters living in 667 renter households in this City. Renters make up 26.25 percent of the population living in Estherville.

What is the rental market like in Estherville, Iowa?

There are an estimated 2,701 housing units in the Estherville area. Of these, 754 units are rental homes, making up 28 percent of the housing market. For every renter household in Estherville, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Estherville?

The rental vacancy rate in Estherville 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 Estherville for each bedroom size?

Occupied Rental Units by Size in Estherville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 137 264 135 90
Occupied Rental Units by Size in Estherville

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

Among renter households in this market, 37 percent have housing cost burden. Further, 21 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 Estherville

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 $704
Two BR $862
Three BR $1,144
Four BR $1,148
2024 Fair Market Rents in Estherville, Iowa

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

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 10 100 percent
One BR 104 76 percent
Two BR 198 75 percent
Rental Units Below FMR in Estherville, Iowa

How many affordable rental units are in Estherville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Estherville, Iowa

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

Income Based Apartments in Estherville, Iowa

Estherville features 36 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 Estherville, Iowa

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Estherville.

Housing Choice Vouchers in Estherville, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.