Low Income Apartments and Affordable Housing For Rent in Stanton, IA

Discover affordable housing in Stanton where there are 1+ 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.

Halland Village

602 Elliott St, Stanton, Iowa 51573

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 Stanton, 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 Stanton, Iowa Affordable Housing ↓

What HUD offices serve Stanton, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Stanton, Iowa.

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

How many renters live in Stanton, Iowa?

The City of Stanton has 674 people living in 268 households.

There are 120 renters living in 52 renter households in this City. Renters make up 17.8 percent of the population living in Stanton.

What is the rental market like in Stanton, Iowa?

There are an estimated 297 housing units in the Stanton area. Of these, 52 units are rental homes, making up 18 percent of the housing market. For every renter household in Stanton, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Stanton?

The rental vacancy rate in Stanton is 0 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 Stanton for each bedroom size?

Occupied Rental Units by Size in Stanton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 7 16 7
Occupied Rental Units by Size in Stanton

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

Among renter households in this market, 17 percent have housing cost burden. Further, 17 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 Stanton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,199. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $750
Two BR $862
Three BR $1,042
Four BR $1,199
2024 Fair Market Rents in Stanton, Iowa

How many units are rented at Fair Market Rent (FMR) in Stanton?

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
One BR 12 55 percent
Two BR 5 71 percent
Rental Units Below FMR in Stanton, Iowa

How many affordable rental units are in Stanton?

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

Federal Program Unit Count
Public Housing 20
Tracked Units by Federal Program in Stanton, Iowa

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

Income Based Apartments in Stanton, Iowa

Stanton features 20 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 Stanton, Iowa

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

Housing Choice Vouchers in Stanton, Iowa

On average, Section 8 Housing Choice vouchers pay Stanton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stanton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.