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

Discover affordable housing in Calhoun County where there are 4+ 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.

Lake Plaza Apartments

110 Westview Dr, Lake City, Iowa 51449

Golden Meadows

805 13th Ave, Manson, Iowa 50563

Rock Island Apartments

844 12th Ave, Manson, Iowa 50563

Lake City Rtrmt

215 S Superior St, Lake City, Iowa 51449

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

How many renters live in Calhoun County, Iowa?

The County of Calhoun County has 9,893 people living in 3,852 households.

There are 1,912 renters living in 820 renter households in this County. Renters make up 19.33 percent of the population living in Calhoun County.

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

There are an estimated 4,794 housing units in the Calhoun County area. Of these, 914 units are rental homes, making up 19 percent of the housing market. For every renter household in Calhoun County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Calhoun County?

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

Occupied Rental Units by Size in Calhoun County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 190 251 302 44
Occupied Rental Units by Size in Calhoun County

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

Among renter households in this market, 32 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 Calhoun 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 $695
Two BR $862
Three BR $1,112
Four BR $1,148
2024 Fair Market Rents in Calhoun County, Iowa

How many units are rented at Fair Market Rent (FMR) in Calhoun 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 3 23 percent
One BR 118 62 percent
Two BR 195 78 percent
Rental Units Below FMR in Calhoun County, Iowa

How many affordable rental units are in Calhoun County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Section 8 Project-Based Rental Assistance 50
USDA Section 515 Rural Rental Housing 51
Tracked Units by Federal Program in Calhoun County, Iowa

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

Income Based Apartments in Calhoun County, Iowa

Calhoun County features 66 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 Calhoun County, Iowa

There are 35 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Calhoun County.

Housing Choice Vouchers in Calhoun County, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.