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

Discover affordable housing in Glenwood 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.

Hillside Village

280 Sivers Road, Glenwood, Iowa 51534

Glenwood Housing 01 - 0

102 4th St, Glenwood, Iowa 51534

Glenwood Heights Apartments

301 Ebaugh St, Glenwood, Iowa 51534

Loess Hills Estates

711 Nuckolls St, Glenwood, Iowa 51534

Glenwood Housing 02 - 1

108 11th St, Glenwood, Iowa 51534

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Glenwood, Iowa
$22.16/hour
$14.91 (+206%) more than Iowa minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Glenwood, Iowa Affordable Housing ↓

What HUD offices serve Glenwood, 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 Glenwood, Iowa.

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

How many renters live in Glenwood, Iowa?

The City of Glenwood has 5,128 people living in 2,062 households.

There are 1,039 renters living in 581 renter households in this City. Renters make up 20.26 percent of the population living in Glenwood.

What is the rental market like in Glenwood, Iowa?

There are an estimated 2,341 housing units in the Glenwood area. Of these, 603 units are rental homes, making up 26 percent of the housing market. For every renter household in Glenwood, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Glenwood?

The rental vacancy rate in Glenwood is 4 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 Glenwood for each bedroom size?

Occupied Rental Units by Size in Glenwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 281 209 77 14
Occupied Rental Units by Size in Glenwood

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

Among renter households in this market, 46 percent have housing cost burden. Further, 22 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 Glenwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $895 to $1,733. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $895
One BR $971
Two BR $1,170
Three BR $1,562
Four BR $1,733
2024 Fair Market Rents in Glenwood, Iowa

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

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 277 99 percent
Two BR 156 75 percent
Rental Units Below FMR in Glenwood, Iowa

How many affordable rental units are in Glenwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 42
Section 8 Project-Based Rental Assistance 45
Tracked Units by Federal Program in Glenwood, Iowa

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

Income Based Apartments in Glenwood, Iowa

Glenwood features 109 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 Glenwood, Iowa

There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Glenwood.

Housing Choice Vouchers in Glenwood, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Glenwood, Iowa for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.