; Low Income Apartments For Rent in Black Hawk County, IA

Cedar River Renewal

106 East 3rd Street
Waterloo, Iowa
Subsidized
Senior
S. 202
BMIR
Income Based
1 BR

Thunder Ridge Senior Apartments

202 North Magnolia Drive
Cedar Falls, Iowa
Income Based
1-2 BR

Crossroads Square

1820 E Ridgeway Avenue
Waterloo, Iowa
Subsidized
PBRA
BMIR
Income Based
1 BR

Camelot Apartments

1650 Camelot Dr
Waterloo, Iowa
Subsidized
PBRA
BMIR
Income Based
1 BR

Hotel President Senior Apartments

500 Sycamore Street
Waterloo, Iowa
Subsidized
Rent Assisted
PBRA
LIHTC
Call For Rent
Studio-1 BR

Cedar Square

1811 W 8th St
Cedar Falls, Iowa
Subsidized
PBRA
BMIR
Income Based
2-3 BR

Horizon Towers

2724 Bicentennial Dr
Cedar Falls, Iowa
Subsidized
PBRA
BMIR
Income Based
1 BR

Greenridge Family Apartments

1650 Camelot Dr
Waterloo, Iowa
Subsidized
PBRA
BMIR
Income Based
2 BR

College Square Village II

1119 Maplewood Dr
Cedar Falls, Iowa
Rent Assisted
LIHTC

College Square Village

1207 Maplewood Dr
Cedar Falls, Iowa
Rent Assisted
LIHTC

Buena Vista Apartments

325 10th St
Jesup, Iowa
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Heritage Apartments

1306 W Donald St
Waterloo, Iowa
Subsidized
PBRA
BMIR

Liberty Manor

1119 Kent Cir
Waterloo, Iowa
Subsidized
Rent Assisted
PBRA
LIHTC
BMIR

Dunkerton Homes

300 W. Williams
Dunkerton, Iowa
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Evansdale Senior Residences

210 S Evans Rd
Evansdale, Iowa
Subsidized
PBRA
BMIR
Showing Results 1-15

There are 716 low-income apartments in Black Hawk County that offer reduced rents to eligible households.

Rental assistance programs support 1,147 low-income homes in Black Hawk County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $323 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Black Hawk County, Iowa Affordable Housing Data

Income Based Apartments in Black Hawk County, Iowa

Black Hawk County features 1,147 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 Black Hawk County, Iowa

There are 716 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Black Hawk County.

Housing Choice Vouchers in Black Hawk County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Black Hawk County, Iowa for a two-bedroom apartment is between $850 and $1,038.

2024 Black Hawk County, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Black Hawk County, Iowa Fair Market Rent $640 $737 $944 $1,250 $1,602
Black Hawk County, Iowa Payment Standard Range $576 to $704 $663 to $811 $850 to $1,038 $1,125 to $1,375 $1,442 to $1,762

Sourced from federal housing data and AffordableHousingOnline.com research.

Black Hawk County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 108
Total Low Income Apartments 1,974
Total Housing Units with Rental Assistance 1,147
Percentage of Housing Units Occupied By Renters 32.54%
Average Renter Household Size 2.28
Average Household Size 2.42
Median Household Income $48,369 ±$1,415
Median Rent $700 ±$12
Percentage Of Renters Overburdened 48.15% ± 2.75pp
Total Population 132,496

Population and Household Demographics

Black Hawk County is a county in Iowa with a population of 132,496. There are 52,410 households in the county with an average household size of 2.42 persons. 32.54% of households in Black Hawk County are renters.

Income and Rent Overburden in Black Hawk County

The median gross income for households in Black Hawk County is $48,369 a year, or $4,031 a month. The median rent for the county is $700 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Black Hawk County, a household making less than $2,333 a month would be considered overburdened when renting an apartment at or above the median rent. 48.15% of households who rent are overburdened in Black Hawk County.

Area Median Income In Black Hawk County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Black Hawk County, HUD calculates the Area Median Income for a family of four as $90,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Black Hawk County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Black Hawk County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Black Hawk County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,450 $21,100 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Black Hawk County AMI may qualify for rental assistance programs that target Very Low Income households.
$30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950
80% AMI Income Limits
Renters earning up to 80% of the Black Hawk County AMI may qualify for rental assistance programs that target Low Income households.
$49,150 $56,200 $63,200 $70,200 $75,850 $81,450 $87,050 $92,700