; Low Income Apartments For Rent in Marion, IA

Chapel Ridge - Marion

1 Chapel Ridge Circle
Marion, Iowa
Call For Rent
1-4 BR

Moundview Manor

2501 Highway 13
Marion, Iowa
Subsidized
Senior
S. 202

Trinity Pointe

2175 Bison Court
Marion, Iowa
Subsidized
Senior
S. 202

Scott Meadows

5960 East Kacena Avenue
Marion, Iowa
Rent Assisted
LIHTC

Oak Village Senior Residences

101 S 11th St
Marion, Iowa
Subsidized
PBRA
BMIR

The Arbor at Lindale Trail

1362 Blairs Ferry Rd
Marion, Iowa
Rent Assisted
LIHTC
Call For Rent
1-2 BR

Blairs Ferry Senior Apartments

830 Blairs Ferry Rd
Marion, Iowa
Rent Assisted
LIHTC
Call For Rent
1-2 BR

115 Southview Dr Unit D

115 Southview Dr Unit D
Marion, Iowa
$500
1 BR

3032 County Home Rd

3032 County Home Rd
Marion, Iowa
$1,500
4 BR

117 Southview Dr Unit C

117 Southview Dr Unit C
Marion, Iowa
$595
1 BR

117 Southview Dr Unit E

117 Southview Dr Unit E
Marion, Iowa
$595
1 BR

890 Grand Ave Unit 5

890 Grand Ave Unit 5
Marion, Iowa
$625
1 BR

3085 8th St Unit A

3085 8th St Unit A
Marion, Iowa
$850
2 BR

890 Grand Ave Unit 3

890 Grand Ave Unit 3
Marion, Iowa
$675
1 BR

441 Lindale Dr Unit 4

441 Lindale Dr Unit 4
Marion, Iowa
$725
2 BR
Showing Results 1-15

There are 236 low-income apartments in Marion that offer reduced rents to eligible households.

Rental assistance programs support 180 low-income homes in Marion where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $312 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.

Public Housing Agencies Serving Marion, 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
Cedar Rapids Housing Services Division Section 8 Housing Choice Voucher (HCV)
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Marion.

Marion, Iowa Affordable Housing Data

Income Based Apartments in Marion, Iowa

Marion features 180 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 Marion, Iowa

There are 236 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, Iowa for a two-bedroom apartment is between $847 and $1,035.

2024 Marion, 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
Marion, Iowa Fair Market Rent $638 $716 $941 $1,326 $1,597
Marion, Iowa Payment Standard Range $574 to $702 $644 to $788 $847 to $1,035 $1,193 to $1,459 $1,437 to $1,757

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 34
Total Low Income Apartments 633
Total Housing Units with Rental Assistance 180
Percentage of Housing Units Occupied By Renters 23.62%
Average Renter Household Size 2.02
Average Household Size 2.44
Median Household Income $64,527 ±$2,555
Median Rent $659 ±$57
Percentage Of Renters Overburdened 39.44% ± 7.47pp
Total Population 36,311

Population and Household Demographics

Marion is a city in Linn County, Iowa with a population of 36,311. There are 14,738 households in the city with an average household size of 2.44 persons. 23.62% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $64,527 a year, or $5,377 a month. The median rent for the city is $659 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $2,197 a month would be considered overburdened when renting an apartment at or above the median rent. 39.44% of households who rent are overburdened in Marion.

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Linn County.

In Marion, HUD calculates the Area Median Income for a family of four as $96,600

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 Marion

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 Marion

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 Marion AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,900 $22,750 $25,600 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Marion AMI may qualify for rental assistance programs that target Very Low Income households.
$33,150 $37,850 $42,600 $47,300 $51,100 $54,900 $58,700 $62,450
80% AMI Income Limits
Renters earning up to 80% of the Marion AMI may qualify for rental assistance programs that target Low Income households.
$53,000 $60,600 $68,150 $75,700 $81,800 $87,850 $93,900 $99,950