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

Discover affordable housing in Mason City where there are 17+ 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.

Legacy Manor of Mason City II

3300 9th St SW, Mason City, Iowa 50401

bed 2
payment $375-650/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

The Meadows of Mason City

1600 Royale Cir, Mason City, Iowa 50401

switch_access_shortcut Short Wait
accessibility Accessible

Westside Manor

2401 S Taft Ave, Mason City, Iowa 50401

payment Subsidized

Regency Apartments

1531 6th Pl SE, Mason City, Iowa 50401

payment Subsidized

Shalom Towers II

321 4th St NE, Mason City, Iowa 50401

switch_access_shortcut Short Wait

Three Links Apartments

1033 19th St SW, Mason City, Iowa 50401

payment Subsidized
elderly Senior
accessibility Accessible

Autumn Park Apartments ~ Mason City

710 S Pierce Ave, Mason City, Iowa 50401

payment Subsidized

18 S Adams Ave

18 S Adams Ave, Mason City, Iowa 50401

bed 1
payment $525/mo.

Pebble Creek Apartments

150 S Grover Ave, Mason City, Iowa 50401

bed 3
payment $1020/mo.

814 9th St SE

814 9th St SE, Mason City, Iowa 50401

bed 3
payment $950/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

River City Apartments

15 N Pennsylvania Ave, Mason City, Iowa 50401

switch_access_shortcut Short Wait
accessibility Accessible

Pebble Creek Assoc. - 150 S Grover

150 S Grover Ave, Mason City, Iowa 50401

switch_access_shortcut Short Wait
accessibility Accessible

Pebble Creek II

190 S Grove, Mason City, Iowa 50401

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Grant Village

823 6th St SW, Mason City, Iowa 50401

payment Subsidized
accessibility Accessible

Shalom Towers I

304 3rd St NE, Mason City, Iowa 50401

Pilgrim Place

741 S Illinois Ave, Mason City, Iowa 50401

payment Subsidized

North Iowa Transition - 115 N Monroe Ave

115 N Monroe Ave, Mason City, Iowa 50401

How To Identify Affordable Housing in Mason City, 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 Mason City, Iowa
$16.84/hour
$9.59 (+132%) more than Iowa minimum wage and $9.59 (+132%) more than the Federal minimum wage.
Learn More About Mason City, Iowa Affordable Housing ↓

What HUD offices serve Mason City, 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 Mason City, Iowa.
Operates the Public Housing programs for Mason City, Iowa.

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

How many renters live in Mason City, Iowa?

The City of Mason City has people living in households.

There are renters living in renter households in this City. Renters make up 28.81 percent of the population living in Mason City.

What is the rental market like in Mason City, Iowa?

There are an estimated housing units in the Mason City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mason City, Iowa, there are 1.04 rental units.

What is the vacancy rate for rentals in Mason City?

The rental vacancy rate in Mason City is 3 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 Mason City for each bedroom size?

Occupied Rental Units by Size in Mason City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
113 1,154 1,520 763 357
Occupied Rental Units by Size in Mason City

A large number of apartments in Mason City 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 Mason City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,323. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $649
One BR $677
Two BR $889
Three BR $1,145
Four BR $1,323
2024 Fair Market Rents in Mason City, Iowa

How many units are rented at Fair Market Rent (FMR) in Mason 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 57 50 percent
One BR 602 52 percent
Two BR 925 61 percent
Rental Units Below FMR in Mason City, Iowa

How many affordable rental units are in Mason City?

There are a variety of federal affordable housing programs serving households in Mason City, 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 Mason City, Iowa

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

Income Based Apartments in Mason City, Iowa

Mason City features 432 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 Mason City, Iowa

There are 227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mason City.

Housing Choice Vouchers in Mason City, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mason City, Iowa for a two-bedroom apartment is between $800 and $978.

Sourced from federal housing data and AffordableHousingOnline.com research.

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