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

Discover affordable housing in Knoxville where there are 8+ 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.

Villas at Fox Pointe

1801 Madelyn Dr, Knoxville, Iowa 50138

bed 2-4
payment $550-759/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Madison Heights Apartments

1800 W Madison St, Knoxville, Iowa 50138

switch_access_shortcut Short Wait
accessibility Accessible

Oakview I

1017 Levin Dr, Knoxville, Iowa 50138

payment Subsidized

617 E Washington St Unit B

617 E Washington St, Knoxville, Iowa 50138

bed 1
payment $675/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Windsor Ridge

1210 Eric Dr, Knoxville, Iowa 50138

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Unselected

1002 N Harlan St, Knoxville, Iowa 50138

payment Subsidized
accessibility Accessible

Knoxville Park Apartments

1301 Gebhardt St, Knoxville, Iowa 50138

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Acn Knoxville Partners Lp

Lot A Madison Heights, Knoxville, Iowa 50138

How To Identify Affordable Housing in Knoxville, 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.
Open Until Further Notice
calendar_month

Reported On February 23rd, 2024 by Colleen Carter

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Knoxville, Iowa
$17.82/hour
$10.57 (+146%) more than Iowa minimum wage and $10.57 (+146%) more than the Federal minimum wage.
Learn More About Knoxville, Iowa Affordable Housing ↓

What HUD offices serve Knoxville, 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 Knoxville, Iowa.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Knoxville, Iowa.

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

How many renters live in Knoxville, Iowa?

The City of Knoxville has people living in households.

There are renters living in renter households in this City. Renters make up 28.17 percent of the population living in Knoxville.

What is the rental market like in Knoxville, Iowa?

There are an estimated housing units in the Knoxville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Knoxville, Iowa, there are 1.04 rental units.

What is the vacancy rate for rentals in Knoxville?

The rental vacancy rate in Knoxville is 3 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 Knoxville for each bedroom size?

Occupied Rental Units by Size in Knoxville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
50 315 462 284 16
Occupied Rental Units by Size in Knoxville

A large number of apartments in Knoxville 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 Knoxville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,253. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $737
Two BR $941
Three BR $1,138
Four BR $1,253
2024 Fair Market Rents in Knoxville, Iowa

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

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 13 26 percent
One BR 208 66 percent
Two BR 361 78 percent
Rental Units Below FMR in Knoxville, Iowa

How many affordable rental units are in Knoxville?

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

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

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

Income Based Apartments in Knoxville, Iowa

Knoxville features 138 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 Knoxville, Iowa

There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knoxville.

Housing Choice Vouchers in Knoxville, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Knoxville, Iowa for a two-bedroom apartment is between $847 and $1,035.

Sourced from federal housing data and AffordableHousingOnline.com research.