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

Discover affordable housing in Mitchell 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.

Hamlin Garland

831 Heritage Dr, Osage, Iowa 50461

Osage Iha Apartments

1020 N 10th St, Osage, Iowa 50461

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 Mitchell 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 Mitchell County, Iowa Affordable Housing ↓

What HUD offices serve Mitchell 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 Mitchell County, Iowa.

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

How many renters live in Mitchell County, Iowa?

The County of Mitchell County has 10,537 people living in 4,505 households.

There are 1,706 renters living in 921 renter households in this County. Renters make up 16.19 percent of the population living in Mitchell County.

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

There are an estimated 4,885 housing units in the Mitchell County area. Of these, 965 units are rental homes, making up 20 percent of the housing market. For every renter household in Mitchell County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Mitchell County?

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

Occupied Rental Units by Size in Mitchell County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 294 219 225 136
Occupied Rental Units by Size in Mitchell County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 13 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 Mitchell County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,169. 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 $1,042
Four BR $1,169
2024 Fair Market Rents in Mitchell County, Iowa

How many units are rented at Fair Market Rent (FMR) in Mitchell 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 60 percent
One BR 164 56 percent
Two BR 159 73 percent
Rental Units Below FMR in Mitchell County, Iowa

How many affordable rental units are in Mitchell County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 11
USDA Section 515 Rural Rental Housing 42
Tracked Units by Federal Program in Mitchell County, Iowa

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

Income Based Apartments in Mitchell County, Iowa

Mitchell County features 42 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 Mitchell County, Iowa

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

Housing Choice Vouchers in Mitchell County, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.