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Affordable apartments in Grimes, Iowa

6 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

6 lihtc

Buildings

MEADOWLARK PLACE APTS

LIHTC
1120 SE 11TH ST, GRIMES, IA, 50111
Income-restricted units
84 of 84
Year placed in service
2013
Bedroom mix
18 1BR · 48 2BR · 18 3BR

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

OAK CROSSING

LIHTC
310 SE GATEWAY DR, GRIMES, IA, 50111
Income-restricted units
59 of 60
Year placed in service
1999
Bedroom mix
15 1BR · 17 2BR · 28 3BR

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

THOMAS SQUARE AT GRIMES

LIHTC
601 101 SE DOVETAIL, GRIMES, IA
Income-restricted units
50 of 50
Year placed in service
2012
Bedroom mix
20 2BR · 30 3BR

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

URBAN CROSSING APARTMENTS

LIHTC
875 SE GATEWAY DR, GRIMES, IA, 50111
Income-restricted units
30 of 34
Year placed in service
2019
Bedroom mix
4 1BR · 20 2BR · 10 3BR

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

GRIMES PARK II

LIHTC
155 NW MAPLEWOOD DR, GRIMES, IA, 50111
Income-restricted units
24 of 24
Year placed in service
2011

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

GRIMES PARK APTS I

LIHTC
240 SW JAMES, GRIMES, IA
Income-restricted units
16 of 16
Year placed in service
1990

Estimated total housing cost: $1,290 rent + $117 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Iowa

Residential electricity in Iowa runs about 13.85¢/kWh, with a typical monthly residential electric bill near $117. Natural gas runs about $15.27/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 50111

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$1,040n/a
1 bedroom$1,090n/a
2 bedroom$1,290$1,502
3 bedroom$1,760n/a
4 bedroom$1,800n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Polk County, IA

Des Moines-West Des Moines, IA. FY2025. Area median income: $114,500.

Household size30% AMI50% AMI80% AMI
1 person$24,050$40,100$64,150
2 people$27,500$45,800$73,300
3 people$30,950$51,550$82,450
4 people$34,350$57,250$91,600
5 people$37,650$61,850$98,950
6 people$43,150$66,450$106,300
7 people$48,650$71,000$113,600
8 people$54,150$75,600$120,950

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Iowa cities

See all affordable-rental cities in Iowa

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Grimes cost-of-living and Fair Market Rent overview