Low Income Apartments For Rent in Leon, IA

Rental assistance programs support 76 low-income homes in Leon where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $239 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 Leon, 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
Low Rent Housing Agency of Leon	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 Leon.

Leon, Iowa Affordable Housing Data

Income Based Apartments in Leon, Iowa

Leon features 76 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 Leon, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leon.

Housing Choice Vouchers in Leon, Iowa

On average, Section 8 Housing Choice vouchers pay Leon landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Leon.

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

2024 Leon, 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
Leon, Iowa Fair Market Rent	$630	$656	$862	$1,042	$1,463
Leon, Iowa Payment Standard Range	$567 to $693	$590 to $722	$776 to $948	$938 to $1,146	$1,317 to $1,609

Sourced from federal housing data and AffordableHousingOnline.com research.

Leon, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 76

Total Housing Units with Rental Assistance 76

Percentage of Housing Units Occupied By Renters 49.16%

Average Renter Household Size 2.40

Average Household Size 2.50

Median Household Income $36,172 ±$11,592

Median Rent $466 ±$83

Percentage Of Renters Overburdened 40.11% ± 12.31pp

Total Population 1,999

Total Affordable Apartment Properties	3
Total Low Income Apartments	76
Total Housing Units with Rental Assistance	76
Percentage of Housing Units Occupied By Renters	49.16%
Average Renter Household Size	2.40
Average Household Size	2.50
Median Household Income	$36,172 ±$11,592
Median Rent	$466 ±$83
Percentage Of Renters Overburdened	40.11% ± 12.31pp
Total Population	1,999

Population and Household Demographics

Leon is a city in Decatur County, Iowa with a population of 1,999. There are 771 households in the city with an average household size of 2.50 persons. 49.16% of households in Leon are renters.

Income and Rent Overburden in Leon

The median gross income for households in Leon is $36,172 a year, or $3,014 a month. The median rent for the city is $466 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Leon, a household making less than $1,553 a month would be considered overburdened when renting an apartment at or above the median rent. 40.11% of households who rent are overburdened in Leon.

Area Median Income In Leon

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 Leon, the AMI is calculated from all households within Decatur County.

In Leon, HUD calculates the Area Median Income for a family of four as $69,600

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 Leon

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 Leon

	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 Leon 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 Leon 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 Leon 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