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

Discover affordable housing in Gilbertville 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.

Marian Housing of Gilbertville,Inc

1414 3rd St, Gilbertville, Iowa

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gilbertville, Iowa
$17.88/hour
$10.63 (+147%) more than Iowa minimum wage and $10.63 (+147%) more than the Federal minimum wage.
Learn More About Gilbertville, Iowa Affordable Housing ↓

How many renters live in Gilbertville, Iowa?

The City of Gilbertville has 770 people living in 342 households.

There are 92 renters living in 44 renter households in this City. Renters make up 11.95 percent of the population living in Gilbertville.

What is the rental market like in Gilbertville, Iowa?

There are an estimated 352 housing units in the Gilbertville area. Of these, 44 units are rental homes, making up 13 percent of the housing market. For every renter household in Gilbertville, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Gilbertville?

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

Occupied Rental Units by Size in Gilbertville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 11 15 18 0
Occupied Rental Units by Size in Gilbertville

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

Among renter households in this market, 39 percent have housing cost burden. Further, 0 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 Gilbertville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,602. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $640
One BR $737
Two BR $944
Three BR $1,250
Four BR $1,602
2024 Fair Market Rents in Gilbertville, Iowa

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

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
One BR 5 45 percent
Two BR 9 60 percent
Rental Units Below FMR in Gilbertville, Iowa

How many affordable rental units are in Gilbertville?

Income Based Apartments in Gilbertville, Iowa

Gilbertville features 10 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 Gilbertville, Iowa

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

Housing Choice Vouchers in Gilbertville, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gilbertville, Iowa for a two-bedroom apartment is between $850 and $1,038.

Sourced from federal housing data and AffordableHousingOnline.com research.