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Affordable apartments in Monroe, Iowa

1 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 lihtc

Buildings

GATEWAY APTS

LIHTC
505 W LINCOLN ST, MONROE, IA, 50170
Income-restricted units
12 of 24
Year placed in service
1999
Bedroom mix
4 1BR · 8 2BR

Estimated total housing cost: $742 rent + $117 utilities = $859/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 Monroe, IA

Metro-level
BedroomsLocal FMRNational median
Studio$631n/a
1 bedroom$705n/a
2 bedroom$742$1,502
3 bedroom$965n/a
4 bedroom$1,113n/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 : Jasper County, IA

Des Moines-West Des Moines, IA. FY2025. Area median income: $95,300.

Household size30% AMI50% AMI80% AMI
1 person$19,900$33,150$53,050
2 people$22,750$37,900$60,600
3 people$26,650$42,650$68,200
4 people$32,150$47,350$75,750
5 people$37,650$51,150$81,850
6 people$43,150$54,900$87,900
7 people$48,650$58,750$93,950
8 people$54,150$62,500$100,000

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