Low Income Apartments For Rent in Corning, IA

Rental assistance programs support 46 low-income homes in Corning where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Corning, 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.

Housing Authority	Programs
Corning Housing Commission	Public Housing
Southern Iowa Regional Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Corning, Iowa Affordable Housing Data

Income Based Apartments in Corning, Iowa

Corning features 46 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 Corning, Iowa

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corning.

Housing Choice Vouchers in Corning, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Corning, Iowa for a two-bedroom apartment is between $833 and $1,019.

2024 Corning, 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
Corning, Iowa Fair Market Rent	$676	$705	$926	$1,120	$1,233
Corning, Iowa Payment Standard Range	$608 to $744	$635 to $776	$833 to $1,019	$1,008 to $1,232	$1,110 to $1,356

Sourced from federal housing data and AffordableHousingOnline.com research.

Corning, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4

Total Low Income Apartments 82

Total Housing Units with Rental Assistance 46

Percentage of Housing Units Occupied By Renters 29%

Average Renter Household Size 1.92

Average Household Size 2.05

Median Household Income $41,849 ±$2,024

Median Rent $422 ±$54

Percentage Of Renters Overburdened 25.47% ± 8.77pp

Total Population 1,570

Total Affordable Apartment Properties	4
Total Low Income Apartments	82
Total Housing Units with Rental Assistance	46
Percentage of Housing Units Occupied By Renters	29%
Average Renter Household Size	1.92
Average Household Size	2.05
Median Household Income	$41,849 ±$2,024
Median Rent	$422 ±$54
Percentage Of Renters Overburdened	25.47% ± 8.77pp
Total Population	1,570

Population and Household Demographics

Corning is a city in Adams County, Iowa with a population of 1,570. There are 731 households in the city with an average household size of 2.05 persons. 29% of households in Corning are renters.

Income and Rent Overburden in Corning

The median gross income for households in Corning is $41,849 a year, or $3,487 a month. The median rent for the city is $422 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corning, a household making less than $1,407 a month would be considered overburdened when renting an apartment at or above the median rent. 25.47% of households who rent are overburdened in Corning.

Area Median Income In Corning

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Corning, the AMI is calculated from all households within Adams County.

In Corning, HUD calculates the Area Median Income for a family of four as $82,400

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 Corning

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 Corning

	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 Corning AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,550	$20,050	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Corning AMI may qualify for rental assistance programs that target Very Low Income households.	$29,250	$33,400	$37,600	$41,750	$45,100	$48,450	$51,800	$55,150
80% AMI Income Limits Renters earning up to 80% of the Corning AMI may qualify for rental assistance programs that target Low Income households.	$46,800	$53,450	$60,150	$66,800	$72,150	$77,500	$82,850	$88,200