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

Discover affordable housing in Iowa County where there are 12+ 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.

Town & Country Housing

204 West Street, Williamsburg, Iowa 52361

West Pine Homes

802 W Pine St, Marengo, Iowa 52301

Woodland Dr Apartments

337 N Woodland Dr, North English, Iowa 52316

Whispering Pines Apartments

905 North St, Williamsburg, Iowa 52361

Victor Senior Citizens Housing

702 Dunlap St, Victor, Iowa 52347

Miller & Prime Time

520 W. Miller, Marengo, Iowa

West Knoll Apts

115 South Campbell, North English, Iowa

Miller-Shaull Manor

851 Freemont Street, Millersburg, Iowa

Franklin Arms

356 Naughton St, Parnell, Iowa

Kinsey Manor/May Ct

520 W Miller St, Marengo, Iowa

Leisure Homes

601 Pacific St, Ladora, Iowa 52251

N English Park Apartments

320 W Lakeview St, North English, Iowa 52316

calendar_today Opened: Oct 1
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 Iowa County, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Iowa County, Iowa Affordable Housing ↓

What HUD offices serve Iowa County, 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 County, Iowa.

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

How many renters live in Iowa County, Iowa?

The County of Iowa County has 16,575 people living in 6,798 households.

There are 2,750 renters living in 1,517 renter households in this County. Renters make up 16.59 percent of the population living in Iowa County.

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

There are an estimated 7,342 housing units in the Iowa County area. Of these, 1,643 units are rental homes, making up 22 percent of the housing market. For every renter household in Iowa County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Iowa County?

The rental vacancy rate in Iowa County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Iowa County for each bedroom size?

Occupied Rental Units by Size in Iowa County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 360 701 327 89
Occupied Rental Units by Size in Iowa County

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

Among renter households in this market, 28 percent have housing cost burden. Further, 18 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 Iowa County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,434. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $696
Two BR $862
Three BR $1,215
Four BR $1,434
2024 Fair Market Rents in Iowa County, Iowa

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

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 2 100 percent
One BR 219 61 percent
Two BR 463 66 percent
Rental Units Below FMR in Iowa County, Iowa

How many affordable rental units are in Iowa County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 56
Section 8 Project-Based Rental Assistance 4
USDA Section 515 Rural Rental Housing 200
Tracked Units by Federal Program in Iowa County, Iowa

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

Income Based Apartments in Iowa County, Iowa

Iowa County features 202 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 County, Iowa

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

Housing Choice Vouchers in Iowa County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Iowa County, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.