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

Discover affordable housing in Winnebago County where there are 2+ 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.

Eastgate Apartments

104 S Iowa St, Lake Mills, Iowa 50450

Eastgate 02 - 1

225 W Main St, Lake Mills, Iowa 50450

calendar_today Opened: Apr 10
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Winnebago County, Iowa?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Winnebago County, Iowa.

Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Winnebago County.

How many renters live in Winnebago County, Iowa?

The County of Winnebago County has 10,704 people living in 4,511 households.

There are 2,336 renters living in 1,111 renter households in this County. Renters make up 21.82 percent of the population living in Winnebago County.

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

There are an estimated 5,089 housing units in the Winnebago County area. Of these, 1,232 units are rental homes, making up 24 percent of the housing market. For every renter household in Winnebago County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Winnebago County?

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

Occupied Rental Units by Size in Winnebago County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 190 494 361 52
Occupied Rental Units by Size in Winnebago County

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

Among renter households in this market, 33 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 Winnebago County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,316. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $665
Two BR $862
Three BR $1,125
Four BR $1,316
2024 Fair Market Rents in Winnebago County, Iowa

How many units are rented at Fair Market Rent (FMR) in Winnebago 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 1 50 percent
One BR 137 72 percent
Two BR 420 85 percent
Rental Units Below FMR in Winnebago County, Iowa

How many affordable rental units are in Winnebago County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 64
Public Housing 17
Section 8 Project-Based Rental Assistance 49
USDA Section 515 Rural Rental Housing 60
Tracked Units by Federal Program in Winnebago County, Iowa

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

Income Based Apartments in Winnebago County, Iowa

Winnebago County features 24 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 Winnebago County, Iowa

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

Housing Choice Vouchers in Winnebago County, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.