Low Income Apartments and Affordable Housing For Rent in Osceola County, IA

Discover affordable housing in Osceola County 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.

Sibley Homes

612 8th St, Sibley, Iowa 51249

Westview, Inc.

1234 Warbler Ave, Harris, Iowa

Upper Dm Opp. 230 11th West St

230 11th St W, Sibley, Iowa 51249

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

How many renters live in Osceola County, Iowa?

The County of Osceola County has 6,149 people living in 2,631 households.

There are 1,358 renters living in 635 renter households in this County. Renters make up 22.08 percent of the population living in Osceola County.

What is the rental market like in Osceola County, Iowa?

There are an estimated 2,885 housing units in the Osceola County area. Of these, 665 units are rental homes, making up 23 percent of the housing market. For every renter household in Osceola County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Osceola County?

The rental vacancy rate in Osceola County 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 Osceola County for each bedroom size?

Occupied Rental Units by Size in Osceola County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 116 185 235 76
Occupied Rental Units by Size in Osceola County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 20 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 Osceola County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $662
Two BR $862
Three BR $1,098
Four BR $1,148
2024 Fair Market Rents in Osceola County, Iowa

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

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 7 100 percent
One BR 58 50 percent
Two BR 118 64 percent
Rental Units Below FMR in Osceola County, Iowa

How many affordable rental units are in Osceola County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Section 8 Project-Based Rental Assistance 16
USDA Section 514 Farm Labor Housing 1
Tracked Units by Federal Program in Osceola County, Iowa

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

Income Based Apartments in Osceola County, Iowa

Osceola County features 16 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 Osceola County, Iowa

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola County.

Housing Choice Vouchers in Osceola County, Iowa

On average, Section 8 Housing Choice vouchers pay Osceola County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Osceola County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.