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

Discover affordable housing in Buena Vista County where there are 9+ 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.

Tenth Street Townhomes

1118 Ontario Street, Storm Lake, Iowa 50588

Lakeview Manor Apartments

904 East Milwaukee Ave, Storm Lake, Iowa 50588

Rembrandt Housing Project

104 3rd Ave S, Rembrandt, Iowa 50576

Sioux Rapids Rtrmt

900 Thomas St, Sioux Rapids, Iowa 50585

Storm Lake Senior Housing

210 E 13th St, Storm Lake, Iowa 50588

Northpark Apartments

1724 E Milwaukee Ave, Storm Lake, Iowa 50588

Seneca Place Apartments

1405 Seneca St, Storm Lake, Iowa 50588

Albert City Apartments

506 4th St S, Albert City, Iowa 50510

Holly Heights Apartments

1800 E Milwaukee Ave, Storm Lake, Iowa 50588

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Buena Vista County, Iowa
$17.23/hour
$9.98 (+138%) more than Iowa minimum wage and $9.98 (+138%) more than the Federal minimum wage.
Learn More About Buena Vista County, Iowa Affordable Housing ↓

How many renters live in Buena Vista County, Iowa?

The County of Buena Vista County has 20,687 people living in 7,538 households.

There are 4,553 renters living in 2,258 renter households in this County. Renters make up 22.01 percent of the population living in Buena Vista County.

What is the rental market like in Buena Vista County, Iowa?

There are an estimated 8,197 housing units in the Buena Vista County area. Of these, 2,534 units are rental homes, making up 31 percent of the housing market. For every renter household in Buena Vista County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Buena Vista County?

The rental vacancy rate in Buena Vista County is 11 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 Buena Vista County for each bedroom size?

Occupied Rental Units by Size in Buena Vista County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
206 733 851 311 145
Occupied Rental Units by Size in Buena Vista County

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

Among renter households in this market, 25 percent have housing cost burden. Further, 10 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 Buena Vista County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $688 to $1,212. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $688
One BR $693
Two BR $910
Three BR $1,171
Four BR $1,212
2024 Fair Market Rents in Buena Vista County, Iowa

How many units are rented at Fair Market Rent (FMR) in Buena Vista 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 153 74 percent
One BR 387 53 percent
Two BR 493 58 percent
Rental Units Below FMR in Buena Vista County, Iowa

How many affordable rental units are in Buena Vista County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 251
Section 8 Project-Based Rental Assistance 106
Section 811 Supportive Housing for Persons with Disabilities 16
USDA Section 515 Rural Rental Housing 58
Tracked Units by Federal Program in Buena Vista County, Iowa

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

Income Based Apartments in Buena Vista County, Iowa

Buena Vista County features 165 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 Buena Vista County, Iowa

There are 138 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buena Vista County.

Housing Choice Vouchers in Buena Vista County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Buena Vista County, Iowa for a two-bedroom apartment is between $819 and $1,001.

Sourced from federal housing data and AffordableHousingOnline.com research.