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

Discover affordable housing in Marion where there are 34+ 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.

Chapel Ridge - Marion

1 Chapel Ridge Circle , Marion, Iowa 52302

bed 1-4
payment $625-795/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Moundview Manor

2501 Highway 13, Marion, Iowa 52302

payment Subsidized
elderly Senior
accessibility Accessible

Trinity Pointe

2175 Bison Court, Marion, Iowa 52302

payment Subsidized
elderly Senior
accessibility Accessible

Scott Meadows

5960 East Kacena Avenue, Marion, Iowa 52302

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Oak Village Senior Residences

101 S 11th St, Marion, Iowa 52302

payment Subsidized

The Arbor at Lindale Trail

1362 Blairs Ferry Rd, Marion, Iowa 52302

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Blairs Ferry Senior Apartments

830 Blairs Ferry Rd, Marion, Iowa

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Lynnwood Estates

3920 Highway 151, Marion, Iowa 52302

bed 3
payment $1200/mo.

Residence on 11th

901 S 11th St, Marion, Iowa 52302

bed 2
payment $800/mo.

441 Lindale Dr Unit 4

441 Lindale Dr Unit 4, Marion, Iowa 52302

bed 2
payment $750/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1220 Terrace St

1220 Terrace St, Marion, Iowa 52302

bed 4
payment $1500/mo.

1465 Meadowview Dr

1465 Meadowview Dr, Marion, Iowa 52302

bed 1
payment $600/mo.

1155 Ridge Dr Unit C

1155 Ridge Dr Unit C, Marion, Iowa 52302

bed 1
payment $575/mo.

1460 Meadowview Dr

1460 Meadowview Dr, Marion, Iowa 52302

bed 2
payment $750/mo.

1155 Ridge Dr Unit B

1155 Ridge Dr Unit B, Marion, Iowa 52302

bed 2
payment $725/mo.

1460 Meadowview Dr

1460 Meadowview Dr, Marion, Iowa 52302

bed 1
payment $600/mo.

1808 5th Ave

1808 5th Ave, Marion, Iowa 52302

bed 3
payment $1050/mo.

121 Southview Dr Unit F

121 Southview Dr Unit F, Marion, Iowa 52302

bed 1
payment $525/mo.

2285 Highview Dr

2285 Highview Dr, Marion, Iowa 52302

bed 3
payment $1250/mo.

1402 Meadowview Dr Unit 1402-33

1402 Meadowview Dr Unit 1402-33, Marion, Iowa 52302

bed 2
payment $750/mo.

How To Identify Affordable Housing in Marion, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marion, 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 Marion, Iowa Affordable Housing ↓

What HUD offices serve Marion, 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) programs for Marion, Iowa.

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

How many renters live in Marion, Iowa?

The City of Marion has people living in households.

There are renters living in renter households in this City. Renters make up 16.92 percent of the population living in Marion.

What is the rental market like in Marion, Iowa?

There are an estimated housing units in the Marion area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Marion, Iowa, there are 1.11 rental units.

What is the vacancy rate for rentals in Marion?

The rental vacancy rate in Marion is 8 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 Marion for each bedroom size?

Occupied Rental Units by Size in Marion
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
173 1,082 1,314 855 189
Occupied Rental Units by Size in Marion

A large number of apartments in Marion 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 Marion

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,597. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $716
Two BR $941
Three BR $1,326
Four BR $1,597
2024 Fair Market Rents in Marion, Iowa

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

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 77 45 percent
One BR 764 71 percent
Two BR 592 45 percent
Rental Units Below FMR in Marion, Iowa

How many affordable rental units are in Marion?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Marion, Iowa

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

Income Based Apartments in Marion, Iowa

Marion features 180 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 Marion, Iowa

There are 236 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, Iowa

On average, Section 8 Housing Choice vouchers pay Marion landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Marion.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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