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

Discover affordable housing in Hardin County where there are 7+ 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.

Iowa Falls Housing Inc

103 1/2 Pierce St, Iowa Falls, Iowa 50126

Pheasant Run Apartments

1430 Georgetown Rd, Iowa Falls, Iowa 50126

Marion Manor I

224 Marion Dr, Iowa Falls, Iowa 50126

Marion Manor II

1228 N Fremont St, Iowa Falls, Iowa 50126

Friendly Valley

206 W Sycamore St, Steamboat Rock, Iowa 50672

Marion Manor 028

1224 N Freemont, Iowa Falls, Iowa

Pine Lake Housing

410 Oak Avenue, Eldora, Iowa

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

How many renters live in Hardin County, Iowa?

The County of Hardin County has 16,861 people living in 7,029 households.

There are 3,859 renters living in 1,814 renter households in this County. Renters make up 22.89 percent of the population living in Hardin County.

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

There are an estimated 8,031 housing units in the Hardin County area. Of these, 1,959 units are rental homes, making up 24 percent of the housing market. For every renter household in Hardin County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Hardin County?

The rental vacancy rate in Hardin County is 7 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 Hardin County for each bedroom size?

Occupied Rental Units by Size in Hardin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 432 662 530 167
Occupied Rental Units by Size in Hardin County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 19 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 Hardin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,262. 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 $1,135
Four BR $1,262
2024 Fair Market Rents in Hardin County, Iowa

How many units are rented at Fair Market Rent (FMR) in Hardin 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 2 67 percent
One BR 262 61 percent
Two BR 391 59 percent
Rental Units Below FMR in Hardin County, Iowa

How many affordable rental units are in Hardin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 72
USDA Section 515 Rural Rental Housing 115
Tracked Units by Federal Program in Hardin County, Iowa

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

Income Based Apartments in Hardin County, Iowa

Hardin County features 115 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 Hardin County, Iowa

There are 58 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hardin County.

Housing Choice Vouchers in Hardin County, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.