Low Income Apartments and Affordable Housing For Rent in Iowa City, IA

Discover affordable housing in Iowa City where there are 42+ 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.

Diamond Senior Apartments Of Iowa City

1030 William St, Iowa City, Iowa 52240

bed 1
payment $421/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Emerson Point

1355 Shannon Dr, Iowa City, Iowa 52246

switch_access_shortcut Short Wait
accessibility Accessible

Regency Heights II Senior

1060 Scott Park Dr, Iowa City, Iowa 52245

switch_access_shortcut Short Wait
accessibility Accessible

Cross Park Place

820 CROSS PARK AVE, Iowa City, Iowa 52240

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Capitol House Apartments

320 S Dubuque St, Iowa City, Iowa 52240

payment Subsidized

Birch House

745 Pepper Dr, Iowa City, Iowa 52240

payment Subsidized
accessibility Accessible
accessible_forward Disability

Autumn Park Apartments ~ Iowa City

913 Willow St, Iowa City, Iowa 52245

payment Subsidized

Systems Sandusky Group Home

645 Sandusky Dr, Iowa City, Iowa 52240

payment Subsidized
accessibility Accessible
accessible_forward Disability

Systems Unlimited Group Homes

939 Pepper Dr, Iowa City, Iowa 52240

payment Subsidized

Dodge Street Apartments

620 S Dodge St, Iowa City, Iowa 52240

bed 3
payment $1195/mo.

Aspire at West Campus

158 Hawkeye Ct, Iowa City, Iowa 52246

bed 2
payment $851/mo.

613 S Dubuque St

613 S Dubuque St, Iowa City, Iowa 52240

bed 4
payment $1200/mo.

530 N Dubuque St

530 N Dubuque St, Iowa City, Iowa 52245

bed 2
payment $1000/mo.

Oakcrest

801 Oakcrest St, Iowa City, Iowa 52246

bed 2
payment $950/mo.

908 E Washington St Unit 1

908 E Washington St Unit 1, Iowa City, Iowa 52240

bed 1
payment $750/mo.

900 N Dodge St

900 N Dodge St, Iowa City, Iowa 52245

bed 1
payment $895/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1328-1330 E Davenport St Unit 1328

1328-1330 E Davenport St Unit 1328, Iowa City, Iowa 52245

bed 3
payment $1350/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1918-1920 I St Unit 1920 I Street

1918-1920 I St Unit 1920 I Street, Iowa City, Iowa 52240

bed 1
payment $825/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

34 Lincoln Ave Unit 4

34 Lincoln Ave Unit 4, Iowa City, Iowa 52246

bed 3
payment $1250/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

34 Lincoln Ave Unit 3

34 Lincoln Ave Unit 3, Iowa City, Iowa 52246

bed 3
payment $1250/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in Iowa City, 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 Iowa City, Iowa
$20.49/hour
$13.24 (+183%) more than Iowa minimum wage and $13.24 (+183%) more than the Federal minimum wage.
Learn More About Iowa City, Iowa Affordable Housing ↓

What HUD offices serve Iowa City, 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, Homeownership Voucher, Family Self-Sufficiency programs for Iowa City, Iowa.

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

How many renters live in Iowa City, Iowa?

The City of Iowa City has people living in households.

There are renters living in renter households in this City. Renters make up 44.15 percent of the population living in Iowa City.

What is the rental market like in Iowa City, Iowa?

There are an estimated housing units in the Iowa City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Iowa City, Iowa, there are 1.18 rental units.

What is the vacancy rate for rentals in Iowa City?

The rental vacancy rate in Iowa City 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 Iowa City for each bedroom size?

Occupied Rental Units by Size in Iowa City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
903 4,334 6,353 3,288 1,157
Occupied Rental Units by Size in Iowa City

A large number of apartments in Iowa City 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 Iowa City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $783 to $1,836. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $783
One BR $902
Two BR $1,082
Three BR $1,525
Four BR $1,836
2024 Fair Market Rents in Iowa City, Iowa

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

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 453 50 percent
One BR 2,288 53 percent
Two BR 2,826 44 percent
Rental Units Below FMR in Iowa City, Iowa

How many affordable rental units are in Iowa City?

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

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

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

Income Based Apartments in Iowa City, Iowa

Iowa City features 667 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 Iowa City, Iowa

There are 480 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iowa City.

Housing Choice Vouchers in Iowa City, Iowa

On average, Section 8 Housing Choice vouchers pay Iowa City landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Iowa City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Iowa City, Iowa for a two-bedroom apartment is between $974 and $1,190.

Sourced from federal housing data and AffordableHousingOnline.com research.

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