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

Discover affordable housing in Grinnell where there are 15+ 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.

Grinnell Estates

2020 West St, Grinnell, Iowa 50112

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Grinnell Park

223 4th Ave West, Grinnell, Iowa 50112

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based

Brookside South

214 4th Ave West, Grinnell, Iowa 50112

payment Subsidized

Pearl Street Apartments

729 Pearl Street, Grinnell, Iowa 50112

Monropark

802 Park Street, Grinnell, Iowa 50112

Brookside East

902 Prince Street, Grinnell, Iowa 50112

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Poynter Apartments

412 3rd Ave, Grinnell, Iowa 50112

payment Subsidized
accessibility Accessible
accessible_forward Disability

Brookside West

131 4th Ave W, Grinnell, Iowa 50112

payment Subsidized

Spaulding Lofts

827 Spring St, Grinnell, Iowa 50112

bed 1-2
payment $555-660/mo.
switch_access_shortcut Short Wait
accessibility Accessible

THE ARBORS APARTMENTS

401 Washington Ave, Grinnell, Iowa 50112

bed 3
payment $899/mo.

The Arbors

400 Washington Ave, Grinnell, Iowa 50112

switch_access_shortcut Short Wait
accessibility Accessible

Westown Apartments

304 4th Ave W, Grinnell, Iowa 50112

switch_access_shortcut Short Wait
accessibility Accessible

Grinnell Housing Partners - 314 14th Ave West

314 14th Ave W, Grinnell, Iowa 50112

Mayflower Homes Inc

506 Center St, Grinnell, Iowa 50112

switch_access_shortcut Short Wait

Southgate Apartments

1617 Davis Ave, Grinnell, Iowa 50112

How To Identify Affordable Housing in Grinnell, Iowa

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grinnell, Iowa
$17.14/hour
$9.89 (+136%) more than Iowa minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Grinnell, Iowa Affordable Housing ↓

What HUD offices serve Grinnell, 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) programs for Grinnell, Iowa.

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

How many renters live in Grinnell, Iowa?

The City of Grinnell has people living in households.

There are renters living in renter households in this City. Renters make up 20.02 percent of the population living in Grinnell.

What is the rental market like in Grinnell, Iowa?

There are an estimated housing units in the Grinnell area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Grinnell, Iowa, there are 1.05 rental units.

What is the vacancy rate for rentals in Grinnell?

The rental vacancy rate in Grinnell is 5 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 Grinnell for each bedroom size?

Occupied Rental Units by Size in Grinnell
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
68 363 705 168 10
Occupied Rental Units by Size in Grinnell

A large number of apartments in Grinnell have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Grinnell

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $661 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $661
One BR $806
Two BR $905
Three BR $1,201
Four BR $1,205
2024 Fair Market Rents in Grinnell, Iowa

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

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 57 84 percent
One BR 264 73 percent
Two BR 281 40 percent
Rental Units Below FMR in Grinnell, Iowa

How many affordable rental units are in Grinnell?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Grinnell, Iowa

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

Income Based Apartments in Grinnell, Iowa

Grinnell features 163 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 Grinnell, Iowa

There are 242 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grinnell.

Housing Choice Vouchers in Grinnell, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Grinnell, Iowa for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.

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