Low Income Apartments For Rent in Rock Rapids, IA

Rental assistance programs support 92 low-income homes in Rock Rapids 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 Rock Rapids, 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
Rock Rapids Municipal Housing Agency	Public Housing

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

Rock Rapids, Iowa Affordable Housing Data

Income Based Apartments in Rock Rapids, Iowa

Rock Rapids features 92 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 Rock Rapids, Iowa

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

Housing Choice Vouchers in Rock Rapids, Iowa

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

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

2024 Rock Rapids, 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
Rock Rapids, Iowa Fair Market Rent	$630	$750	$862	$1,042	$1,300
Rock Rapids, Iowa Payment Standard Range	$567 to $693	$675 to $825	$776 to $948	$938 to $1,146	$1,170 to $1,430

Sourced from federal housing data and AffordableHousingOnline.com research.

Rock Rapids, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 92

Total Housing Units with Rental Assistance 92

Percentage of Housing Units Occupied By Renters 22.44%

Average Renter Household Size 1.81

Average Household Size 2.35

Median Household Income $54,583 ±$5,708

Median Rent $467 ±$78

Percentage Of Renters Overburdened 19.67% ± 8.62pp

Total Population 2,592

Total Affordable Apartment Properties	2
Total Low Income Apartments	92
Total Housing Units with Rental Assistance	92
Percentage of Housing Units Occupied By Renters	22.44%
Average Renter Household Size	1.81
Average Household Size	2.35
Median Household Income	$54,583 ±$5,708
Median Rent	$467 ±$78
Percentage Of Renters Overburdened	19.67% ± 8.62pp
Total Population	2,592

Population and Household Demographics

Rock Rapids is a city in Lyon County, Iowa with a population of 2,592. There are 1,065 households in the city with an average household size of 2.35 persons. 22.44% of households in Rock Rapids are renters.

Income and Rent Overburden in Rock Rapids

The median gross income for households in Rock Rapids is $54,583 a year, or $4,549 a month. The median rent for the city is $467 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rock Rapids, a household making less than $1,557 a month would be considered overburdened when renting an apartment at or above the median rent. 19.67% of households who rent are overburdened in Rock Rapids.

Area Median Income In Rock Rapids

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 Rock Rapids, the AMI is calculated from all households within Lyon County.

In Rock Rapids, HUD calculates the Area Median Income for a family of four as $90,100

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 Rock Rapids

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 Rock Rapids

	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 Rock Rapids AMI may qualify for rental assistance programs that target Extremely Low Income households.	$18,600	$21,250	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Rock Rapids AMI may qualify for rental assistance programs that target Very Low Income households.	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350	$54,900	$58,450
80% AMI Income Limits Renters earning up to 80% of the Rock Rapids AMI may qualify for rental assistance programs that target Low Income households.	$49,600	$56,650	$63,750	$70,800	$76,500	$82,150	$87,800	$93,500