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

Discover affordable housing in Leon where there are 3+ 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.

Echo

302 NE 8th St, Leon, Iowa 50144

payment Subsidized
elderly Senior
accessibility Accessible

Valley View Apartments

1006 SW 11th St, Leon, Iowa 50144

Leon

401 SE Q St, Leon, Iowa 50144

payment Subsidized

How To Identify Affordable Housing in Leon, 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
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leon, 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 Leon, Iowa Affordable Housing ↓

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

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

How many renters live in Leon, Iowa?

The City of Leon has people living in households.

There are renters living in renter households in this City. Renters make up 39.25 percent of the population living in Leon.

What is the rental market like in Leon, Iowa?

There are an estimated housing units in the Leon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Leon, Iowa, there are 1.05 rental units.

What is the vacancy rate for rentals in Leon?

The rental vacancy rate in Leon is 5 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 Leon for each bedroom size?

Occupied Rental Units by Size in Leon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 92 77 202 3
Occupied Rental Units by Size in Leon

A large number of apartments in Leon 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 Leon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,463. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $656
Two BR $862
Three BR $1,042
Four BR $1,463
2024 Fair Market Rents in Leon, Iowa

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

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 10 percent
One BR 86 93 percent
Two BR 63 82 percent
Rental Units Below FMR in Leon, Iowa

How many affordable rental units are in Leon?

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

Federal Program Unit Count
Public Housing
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Leon, Iowa

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

Income Based Apartments in Leon, Iowa

Leon features 76 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 Leon, Iowa

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

Housing Choice Vouchers in Leon, Iowa

On average, Section 8 Housing Choice vouchers pay Leon landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Leon.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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