Affordable Housing In Lee County
Iowa

14 Low Income Apartment Communities In Lee County

Keokuk Senior Lofts

925 Main St
Keokuk, IA
$394-471
1-2 BR
55+
Accepts Vouchers

Bluff Apartments

5202 River Valley Road
Fort Madison, IA
Call For Rent
1-3 BR
Accepts Vouchers

River Terrace Apartments

128 Bank St
Keokuk, IA
Subsidized

Twin Oaks Manor

504 2nd St
Denmark, IA
Accepts Vouchers

Rose Michael Gardens

4516 Avenue L
Fort Madison, IA
Subsidized
62+
Accessible
Elderly Supportive Housing

Eagle Bluff

2803 A Avenue
Fort Madison, IA
Accepts Vouchers
Subsidized
62+

Fort Madison Park

1125 48th Street
Fort Madison, IA
Subsidized
62+

Montrose Senior Apartments

900 Spruce St
Montrose, IA
Subsidized

Twin Oaks Manor, L.P.I

107 Park Ave
Denmark, IA
Accepts Vouchers

Mississippi Terrace

111 S 2nd St
Keokuk, IA

Other Housing Authorities located in Lee County

Housing Authority Programs
Keokuk Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Fort Madison Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lee County, Iowa

There are 14 low income housing apartment communities offering 705 affordable apartments for rent in Lee County, Iowa. Lee County features 492 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 213 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lee County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lee County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 705
Total Housing Units with Rental Assistance 492
Percentage of Housing Units Occupied By Renters 25.6%
Average Renter Household Size 1.95
Average Household Size 2.40
Median Household Income $43,312 ±$1,869
Median Rent $577 ±$29
Percentage Of Renters Overburdened 36.79% ± 5.54pp
Total Population 35,369

Population and Household Demographics

Lee County is a County in Iowa with a population of 35,369. There are 14,412 households in the county with an average household size of 2.40 persons. 25.6% of households in Lee County are renters.

Income and Rent Overburden in Lee County

The median gross income for households in Lee County is $43,312 a year, or $3,609 a month. The median rent for the county is $577 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lee County, a household making less than $1,923 a month would be considered overburdened when renting an apartment at or above the median rent. 36.79% of households who rent are overburdened in Lee County.1

Area Median Income In Lee County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Lee County, HUD calculates the Area Median Income for a family of four as $62,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lee County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Lee County HUD Rental Assistance in Lee County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Fair Market Rents in Lee County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$450 $550 $690 $912 $1,085

Cities In Lee County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Fort Madison 5 The HUD funded Public Housing Agency that serves Fort Madison is the Fort Madison Housing Authority.
Donnellson 0
Montrose 1
Keokuk 6 The HUD funded Public Housing Agency that serves Keokuk is the Keokuk Housing Authority.
West Point 0
Denmark 2
Houghton 0
St. Paul 0
Franklin 0