Low Income Apartments and Affordable Housing For Rent in New Iberia, LA

Discover affordable housing in New Iberia where there are 31+ 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.

Iberia Place

1512 Southport Blvd., New Iberia, Louisiana 70560

payment Subsidized
accessibility Accessible
accessible_forward Disability

St Dominic Place

Bayard St, New Iberia, Louisiana 70501

payment Subsidized
elderly Senior
accessibility Accessible

Cane Manor Apartments

812 Bayard St, New Iberia, Louisiana 70560

payment Subsidized
accessibility Accessible
accessible_forward Disability

St Augustine Manor

800 Bayard St, New Iberia, Louisiana 70560

payment Subsidized
elderly Senior
accessibility Accessible

Cherry Brook Apartments

1341 20 Arpent Rd Ofc, New Iberia, Louisiana 70560

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Iberia Elderly Housing

712 Bayard St, New Iberia, Louisiana 70560

payment Subsidized
elderly Senior
accessibility Accessible

St Theresa

1918 Julia St, New Iberia, Louisiana 70560

payment Subsidized
elderly Senior
accessibility Accessible

Village Du Teche

1335 Ann St, New Iberia, Louisiana 70560

payment Subsidized
accessibility Accessible
accessible_forward Disability

St Edwards Subdivision

900 Mississippi St, New Iberia, Louisiana 70560

payment Subsidized

Iberia Village

502 W Admiral Doyle Dr, New Iberia, Louisiana 70560

payment Subsidized

Jefferson Terrace

712 Jefferson Ter, New Iberia, Louisiana 70560

payment Subsidized
accessibility Accessible
accessible_forward Disability

Bacmonila Garden Apartments

344 Frederick St, New Iberia, Louisiana 70560

payment Subsidized

Cest La Place

4005 E Old Spanish Trl, New Iberia, Louisiana 70560

City Heights Magnolia (C.H.A.M.)

1001 E Dale St, New Iberia, Louisiana 70560

bed 2
payment $850/mo.

608 Angers St

608 Angers St, New Iberia, Louisiana 70563

bed 2
payment $875/mo.

430 Hacker St

430 Hacker St, New Iberia, Louisiana 70560

bed 3
payment $1000/mo.

615 Yvonne St

615 Yvonne St, New Iberia, Louisiana 70560

bed 1
payment $595/mo.

610 E St Peter St

610 E St Peter St, New Iberia, Louisiana 70560

bed 3
payment $600/mo.

314 Deare St

314 Deare St, New Iberia, Louisiana 70560

bed 1
payment $600/mo.

314 Deare St

314 Deare St, New Iberia, Louisiana 70560

bed 1
payment $600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in New Iberia, Louisiana

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 New Iberia, Louisiana
$17.16/hour
$9.91 (+137%) more than Louisiana minimum wage and $9.91 (+137%) more than the Federal minimum wage.
Learn More About New Iberia, Louisiana Affordable Housing ↓

What HUD offices serve New Iberia, Louisiana?

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 New Iberia, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for New Iberia, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for New Iberia, Louisiana.

Go to the Louisiana Public Housing and Low-Income Apartments Waiting Lists page for openings near New Iberia.

How many renters live in New Iberia, Louisiana?

The City of New Iberia has people living in households.

There are renters living in renter households in this City. Renters make up 47.59 percent of the population living in New Iberia.

What is the rental market like in New Iberia, Louisiana?

There are an estimated housing units in the New Iberia area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Iberia, Louisiana, there are 1.15 rental units.

What is the vacancy rate for rentals in New Iberia?

The rental vacancy rate in New Iberia is 12 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 New Iberia for each bedroom size?

Occupied Rental Units by Size in New Iberia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
191 1,062 2,583 1,315 273
Occupied Rental Units by Size in New Iberia

A large number of apartments in New Iberia 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 New Iberia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,510. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $690
Two BR $906
Three BR $1,167
Four BR $1,510
2024 Fair Market Rents in New Iberia, Louisiana

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

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 122 64 percent
One BR 684 64 percent
Two BR 1,475 57 percent
Rental Units Below FMR in New Iberia, Louisiana

How many affordable rental units are in New Iberia?

There are a variety of federal affordable housing programs serving households in New Iberia, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in New Iberia, Louisiana

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

Income Based Apartments in New Iberia, Louisiana

New Iberia features 738 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 New Iberia, Louisiana

There are 408 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Iberia.

Housing Choice Vouchers in New Iberia, Louisiana

On average, Section 8 Housing Choice vouchers pay New Iberia landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in New Iberia.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Iberia, Louisiana for a two-bedroom apartment is between $815 and $997.

Sourced from federal housing data and AffordableHousingOnline.com research.

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