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

Discover affordable housing in Marshall County where there are 19+ 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.

Marshalltown Senior Residences

201 E Main St, Marshalltown, Iowa 50158

Prairie Woods

705 2nd St NW, State Center, Iowa 50247

Crestview of legrand

408 Dawn St, Le Grand, Iowa 50142

Legrand Village

504 E Dawn St, Le Grand, Iowa 50142

Crestview Apartments

117 N 1st Ave, Marshalltown, Iowa 50158

Leisure Homes

300 Drury Ln, Le Grand, Iowa 50142

Odd Fellows Apartments

206 Nicholas Dr, Marshalltown, Iowa 50158

Marshall Cmi Housing

105 E Webster St, Marshalltown, Iowa 50158

Associates Supported Housing

208 S 3rd St, Marshalltown, Iowa 50158

Laurel Leisure

203 Buhrow St, Laurel, Iowa 50141

Marshalltown Lofts

20 E. State St., Marshalltown, Iowa 50158

Westown Apartments

122 W Main St, Marshalltown, Iowa 50158

Marshalltown Sundance

1407 S 7th Ave, Marshalltown, Iowa 50158

Edgebrook Park Apartments

513 E Olive St, Marshalltown, Iowa 50158

Town Apartments

100 Delores Dr, Gilman, Iowa 50106

Mtown Westown, - 120 West Main Street

120 W Main St, Marshalltown, Iowa 50158

River Birch Iha, Lp - 1601 Marion St

1601 Marion St, Marshalltown, Iowa 50158

Hillcrest Apartments

208 Glenda Dr, Marshalltown, Iowa 50158

South Ridge Apartments

234 N Mill St, Gilman, Iowa 50106

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marshall County, Iowa
$17.94/hour
$10.69 (+147%) more than Iowa minimum wage and $10.69 (+147%) more than the Federal minimum wage.
Learn More About Marshall County, Iowa Affordable Housing ↓

How many renters live in Marshall County, Iowa?

The County of Marshall County has 40,049 people living in 15,288 households.

There are 9,287 renters living in 4,051 renter households in this County. Renters make up 23.19 percent of the population living in Marshall County.

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

There are an estimated 16,795 housing units in the Marshall County area. Of these, 4,533 units are rental homes, making up 27 percent of the housing market. For every renter household in Marshall County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Marshall County?

The rental vacancy rate in Marshall County is 9 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 Marshall County for each bedroom size?

Occupied Rental Units by Size in Marshall County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
249 983 1,336 993 417
Occupied Rental Units by Size in Marshall County

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

Among renter households in this market, 31 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 Marshall County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $699 to $1,261. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $699
One BR $723
Two BR $947
Three BR $1,260
Four BR $1,261
2024 Fair Market Rents in Marshall County, Iowa

How many units are rented at Fair Market Rent (FMR) in Marshall 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 186 75 percent
One BR 699 71 percent
Two BR 830 62 percent
Rental Units Below FMR in Marshall County, Iowa

How many affordable rental units are in Marshall County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 265
Section 8 Project-Based Rental Assistance 136
Section 811 Supportive Housing for Persons with Disabilities 26
USDA Section 515 Rural Rental Housing 74
Tracked Units by Federal Program in Marshall County, Iowa

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

Income Based Apartments in Marshall County, Iowa

Marshall County features 265 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 Marshall County, Iowa

There are 176 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall County.

Housing Choice Vouchers in Marshall County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marshall County, Iowa for a two-bedroom apartment is between $852 and $1,042.

Sourced from federal housing data and AffordableHousingOnline.com research.