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Affordable apartments in Grinnell, Iowa

7 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.

1 section 2021 section 85 lihtc

Buildings

BROOKSIDE SOUTH AND PEARL STREET APARTMENTS

Section 202
214 4th Ave W, Grinnell, IA, 50112
Income-restricted units
60 of 60
Year placed in service
Not reported

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

BROOKSIDE SOUTH AND PEARL STREET APARTMENTS

Section 8
214 4th Ave W, Grinnell, IA, 50112
Income-restricted units
60 of 60
Year placed in service
Not reported

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

SPAULDING LOFTS

LIHTC
827 SPRING ST, GRINNELL, IA, 50112
Income-restricted units
57 of 77
Year placed in service
2016
Bedroom mix
41 1BR · 36 2BR

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

THE ARBOR'S

LIHTC
401 WASHINGTON AVE, GRINNELL, IA, 50112
Income-restricted units
39 of 42
Year placed in service
2001
Bedroom mix
28 2BR · 14 3BR

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

WEST TOWNE APTS

LIHTC
304 FOURTH AVE W, GRINNELL, IA, 50112
Income-restricted units
24 of 48
Year placed in service
1999
Bedroom mix
4 1BR · 20 2BR

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

GRINNELL PARK APTS

LIHTC
223 FOURTH AVE W, GRINNELL, IA, 50112
Income-restricted units
24 of 24
Year placed in service
1990

Estimated total housing cost: $852 rent + $117 utilities = $969/mo

Contact property management for current availability. Waitlists may apply.

GRINNELL ESTATES

LIHTC
2020 W ST, GRINNELL, IA, 50112
Income-restricted units
24 of 24
Year placed in service
1993

Estimated total housing cost: $852 rent + $117 utilities = $969/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 Grinnell, IA

Metro-level
BedroomsLocal FMRNational median
Studio$724n/a
1 bedroom$809n/a
2 bedroom$852$1,502
3 bedroom$1,108n/a
4 bedroom$1,278n/a

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

HUD income limits : Poweshiek County, IA

FY2025. Area median income: $98,900.

Household size30% AMI50% AMI80% AMI
1 person$20,800$34,650$55,400
2 people$23,750$39,600$63,300
3 people$26,700$44,550$71,200
4 people$32,150$49,450$79,100
5 people$37,650$53,450$85,450
6 people$43,150$57,400$91,800
7 people$48,650$61,350$98,100
8 people$54,150$65,300$104,450

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.

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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: Grinnell cost-of-living and Fair Market Rent overview