Low Income Apartments For Rent in Iowa, LA

Rental assistance programs support 73 low-income homes in Iowa where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $374 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 Iowa, Louisiana

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
Calcasieu Parish Police Jury Housing Department	Section 8 Housing Choice Voucher (HCV)
Housing Authority of the Town of Iowa	Public Housing

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

Iowa, Louisiana Affordable Housing Data

Income Based Apartments in Iowa, Louisiana

Iowa features 73 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 Iowa, Louisiana

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iowa.

Housing Choice Vouchers in Iowa, Louisiana

On average, Section 8 Housing Choice vouchers pay Iowa landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Iowa.

The maximum amount a voucher would pay on behalf of a low-income tenant in Iowa, Louisiana for a two-bedroom apartment is between $972 and $1,188.

2024 Iowa, Louisiana 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
Iowa, Louisiana Fair Market Rent	$835	$840	$1,080	$1,333	$1,438
Iowa, Louisiana Payment Standard Range	$752 to $919	$756 to $924	$972 to $1,188	$1,200 to $1,466	$1,294 to $1,582

Sourced from federal housing data and AffordableHousingOnline.com research.

Iowa, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 89

Total Housing Units with Rental Assistance 73

Percentage of Housing Units Occupied By Renters 37.25%

Average Renter Household Size 2.71

Average Household Size 2.63

Median Household Income $39,245 ±$4,225

Median Rent $705 ±$54

Percentage Of Renters Overburdened 42.86% ± 11.71pp

Total Population 3,110

Total Affordable Apartment Properties	3
Total Low Income Apartments	89
Total Housing Units with Rental Assistance	73
Percentage of Housing Units Occupied By Renters	37.25%
Average Renter Household Size	2.71
Average Household Size	2.63
Median Household Income	$39,245 ±$4,225
Median Rent	$705 ±$54
Percentage Of Renters Overburdened	42.86% ± 11.71pp
Total Population	3,110

Population and Household Demographics

Iowa is a city in Calcasieu Parish, Louisiana with a population of 3,110. There are 1,184 households in the city with an average household size of 2.63 persons. 37.25% of households in Iowa are renters.

Income and Rent Overburden in Iowa

The median gross income for households in Iowa is $39,245 a year, or $3,270 a month. The median rent for the city is $705 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iowa, a household making less than $2,350 a month would be considered overburdened when renting an apartment at or above the median rent. 42.86% of households who rent are overburdened in Iowa.

Area Median Income In Iowa

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 Iowa, the AMI is calculated from all households within Calcasieu Parish.

In Iowa, HUD calculates the Area Median Income for a family of four as $81,700

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 Iowa

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 Iowa

	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 Iowa AMI may qualify for rental assistance programs that target Extremely Low Income households.	$16,100	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,500
50% AMI Income Limits Renters earning up to 50% of the Iowa AMI may qualify for rental assistance programs that target Very Low Income households.	$26,800	$30,600	$34,450	$38,250	$41,350	$44,400	$47,450	$50,500
80% AMI Income Limits Renters earning up to 80% of the Iowa AMI may qualify for rental assistance programs that target Low Income households.	$42,850	$49,000	$55,100	$61,200	$66,100	$71,000	$75,900	$80,800