Low Income Apartments and Affordable Housing For Rent in New Hartford, IA

Discover affordable housing in New Hartford 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.

Beaver Manor

100 Saratoga St, New Hartford, Iowa 50660

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

How many renters live in New Hartford, Iowa?

The City of New Hartford has 758 people living in 273 households.

There are 251 renters living in 73 renter households in this City. Renters make up 33.11 percent of the population living in New Hartford.

What is the rental market like in New Hartford, Iowa?

There are an estimated 283 housing units in the New Hartford area. Of these, 77 units are rental homes, making up 27 percent of the housing market. For every renter household in New Hartford, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in New Hartford?

The rental vacancy rate in New Hartford 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 New Hartford for each bedroom size?

Occupied Rental Units by Size in New Hartford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 27 24 18
Occupied Rental Units by Size in New Hartford

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

Among renter households in this market, 27 percent have housing cost burden. Further, 14 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 New Hartford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,333. 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 $1,100
Four BR $1,333
2024 Fair Market Rents in New Hartford, Iowa

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

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
Two BR 18 67 percent
Rental Units Below FMR in New Hartford, Iowa

How many affordable rental units are in New Hartford?

Income Based Apartments in New Hartford, Iowa

New Hartford features 6 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 New Hartford, Iowa

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

Housing Choice Vouchers in New Hartford, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.