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

Discover affordable housing in La Porte City where there are 1+ 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.

Prairie Village of La Porte City

220 Valley Dr, La Porte City, Iowa 50651

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In La Porte City, Iowa
$17.88/hour
$10.63 (+147%) more than Iowa minimum wage and $10.63 (+147%) more than the Federal minimum wage.
Learn More About La Porte City, Iowa Affordable Housing ↓

How many renters live in La Porte City, Iowa?

The City of La Porte City has 2,347 people living in 899 households.

There are 453 renters living in 187 renter households in this City. Renters make up 19.3 percent of the population living in La Porte City.

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

There are an estimated 1,024 housing units in the La Porte City area. Of these, 235 units are rental homes, making up 23 percent of the housing market. For every renter household in La Porte City, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in La Porte City?

The rental vacancy rate in La Porte City is 14 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 La Porte City for each bedroom size?

Occupied Rental Units by Size in La Porte City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 48 95 32 0
Occupied Rental Units by Size in La Porte City

A large number of apartments in La Porte City 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 La Porte City are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 11 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 La Porte City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,602. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $640
One BR $737
Two BR $944
Three BR $1,250
Four BR $1,602
2024 Fair Market Rents in La Porte City, Iowa

How many units are rented at Fair Market Rent (FMR) in La Porte 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 7 58 percent
One BR 42 88 percent
Two BR 69 73 percent
Rental Units Below FMR in La Porte City, Iowa

How many affordable rental units are in La Porte City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Tracked Units by Federal Program in La Porte City, Iowa

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

Income Based Apartments in La Porte City, Iowa

La Porte City features 32 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 La Porte City, Iowa

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

Housing Choice Vouchers in La Porte City, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in La Porte City, Iowa for a two-bedroom apartment is between $850 and $1,038.

Sourced from federal housing data and AffordableHousingOnline.com research.