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

Discover affordable housing in Fairfield where there are 10+ 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.

Lantern Park Assoc

207 E Buchanan Ave, Fairfield, Iowa 52556

Villa Garden Apartments

201 E Buchanan Ave, Fairfield, Iowa 52556

Calu Apartments

205 W Briggs Ave, Fairfield, Iowa 52556

Logan Apartments

404 S 4th St, Fairfield, Iowa 52556

Louden Lofts

607 Broadway Ave., Fairfield, Iowa 52556

North Bay Apartments

210 E Pierce Ave, Fairfield, Iowa 52556

Fairfield Park II Apartments

606 W. Monroe Ave., Fairfield, Iowa 52556

Wagon Wheel - 208 S Court St

208 S Court St, Fairfield, Iowa 52556

Fairfield Park I

904 W Harrison Ave, Fairfield, Iowa 52556

Jackson Point

802 W Jackson Ave, Fairfield, Iowa 52556

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fairfield, Iowa
$11.23 (+155%) more than Iowa minimum wage and $11.23 (+155%) more than the Federal minimum wage.
Learn More About Fairfield, Iowa Affordable Housing ↓

What HUD offices serve Fairfield, 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 Fairfield, Iowa.

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

How many renters live in Fairfield, Iowa?

The City of Fairfield has 9,474 people living in 4,139 households.

There are 3,369 renters living in 1,766 renter households in this City. Renters make up 35.56 percent of the population living in Fairfield.

What is the rental market like in Fairfield, Iowa?

There are an estimated 4,696 housing units in the Fairfield area. Of these, 1,816 units are rental homes, making up 39 percent of the housing market. For every renter household in Fairfield, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Fairfield?

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

Occupied Rental Units by Size in Fairfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
126 306 1,011 293 15
Occupied Rental Units by Size in Fairfield

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

Among renter households in this market, 49 percent have housing cost burden. Further, 23 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 Fairfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $738
One BR $743
Two BR $976
Three BR $1,180
Four BR $1,300
2024 Fair Market Rents in Fairfield, Iowa

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

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 120 95 percent
One BR 277 91 percent
Two BR 488 48 percent
Rental Units Below FMR in Fairfield, Iowa

How many affordable rental units are in Fairfield?

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

Federal Program Unit Count
Low Income Housing Tax Credit 163
Public Housing 10
Section 8 Project-Based Rental Assistance 114
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Fairfield, Iowa

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

Income Based Apartments in Fairfield, Iowa

Fairfield features 209 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 Fairfield, Iowa

There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairfield.

Housing Choice Vouchers in Fairfield, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fairfield, Iowa for a two-bedroom apartment is between $878 and $1,074.

Sourced from federal housing data and AffordableHousingOnline.com research.