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

Discover affordable housing in Tama where there are 6+ 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.

706 State St

706 State St, Tama, Iowa 52339

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1112 McClellan St

1112 McClellan St, Tama, Iowa 52339

bed 2
payment $850/mo.

Tama Iha Apartments

1301 Sesame Dr, Tama, Iowa 52339

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Pv of Tama

202 E 13th St, Tama, Iowa 52339

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Tama Senior Housing, - 605 John Street

605 John St, Tama, Iowa 52339

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Indianhead Apartments

203 Prospect Dr, Tama, Iowa 0

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Tama, Iowa

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tama, Iowa
$16.99/hour
$9.74 (+134%) more than Iowa minimum wage and $9.74 (+134%) more than the Federal minimum wage.
Learn More About Tama, Iowa Affordable Housing ↓

How many renters live in Tama, Iowa?

The City of Tama has people living in households.

There are renters living in renter households in this City. Renters make up 26.75 percent of the population living in Tama.

What is the rental market like in Tama, Iowa?

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

What is the vacancy rate for rentals in Tama?

The rental vacancy rate in Tama 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 Tama for each bedroom size?

Occupied Rental Units by Size in Tama
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 48 175 79 11
Occupied Rental Units by Size in Tama

A large number of apartments in Tama have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Tama

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,368. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $683
Two BR $897
Three BR $1,085
Four BR $1,368
2024 Fair Market Rents in Tama, Iowa

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

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 10 63 percent
One BR 40 83 percent
Two BR 115 66 percent
Rental Units Below FMR in Tama, Iowa

How many affordable rental units are in Tama?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Tama, Iowa

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

Income Based Apartments in Tama, Iowa

Tama features 96 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 Tama, Iowa

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tama.

Housing Choice Vouchers in Tama, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tama, Iowa for a two-bedroom apartment is between $807 and $987.

Sourced from federal housing data and AffordableHousingOnline.com research.

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