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

Discover affordable housing in Leighton 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.

Leighton Leisure Living Inc

319 Jackson St, Leighton, Iowa 50143

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leighton, Iowa
$16.42/hour
$9.17 (+126%) more than Iowa minimum wage and $9.17 (+126%) more than the Federal minimum wage.
Learn More About Leighton, Iowa Affordable Housing ↓

What HUD offices serve Leighton, 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 Leighton, Iowa.

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

How many renters live in Leighton, Iowa?

The City of Leighton has 179 people living in 74 households.

There are 18 renters living in 13 renter households in this City. Renters make up 10.06 percent of the population living in Leighton.

What is the rental market like in Leighton, Iowa?

There are an estimated 74 housing units in the Leighton area. Of these, 13 units are rental homes, making up 18 percent of the housing market. For every renter household in Leighton, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Leighton?

The rental vacancy rate in Leighton is 0 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 Leighton for each bedroom size?

Occupied Rental Units by Size in Leighton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1 2 2 7 1
Occupied Rental Units by Size in Leighton

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

Among renter households in this market, 8 percent have housing cost burden. Further, 0 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 Leighton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $588 to $1,159. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $588
One BR $663
Two BR $867
Three BR $1,048
Four BR $1,159
2024 Fair Market Rents in Leighton, Iowa

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

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 1 100 percent
One BR 2 100 percent
Two BR 1 50 percent
Rental Units Below FMR in Leighton, Iowa

How many affordable rental units are in Leighton?

Income Based Apartments in Leighton, Iowa

Leighton features 0 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 Leighton, Iowa

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leighton.

Housing Choice Vouchers in Leighton, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Leighton, Iowa for a two-bedroom apartment is between $780 and $954.

Sourced from federal housing data and AffordableHousingOnline.com research.