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Affordable apartments in Storm Lake, Iowa

8 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 lihtc1 section 81 section 202

Buildings

MCCORD MANOR OF STORM LAKE

LIHTC
210 E 13TH ST, STORM LAKE, IA, 50588
Income-restricted units
82 of 82
Year placed in service
1989

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

10TH STREET TOWNHOMES

LIHTC
1101 ONTARIO ST, STORM LAKE, IA, 50588
Income-restricted units
42 of 42
Year placed in service
2015
Bedroom mix
10 2BR · 26 3BR · 6 4+BR

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

SENECA PLACE

LIHTC
1405 SENECA ST, STORM LAKE, IA, 50588
Income-restricted units
40 of 48
Year placed in service
1996
Bedroom mix
12 1BR · 26 2BR · 10 3BR

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

HOLLY HEIGHTS APTS

LIHTC
1800 E MILWAUKEE AVE, STORM LAKE, IA, 50588
Income-restricted units
32 of 32
Year placed in service
1998
Bedroom mix
6 1BR · 22 2BR · 4 3BR

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

THE RESERVES AT STORM LAKE

LIHTC
1500 SENECA, STORM LAKE, IA, 50588
Income-restricted units
31 of 32
Year placed in service
2014
Bedroom mix
16 2BR

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

LAKEVIEW MANOR

Section 8
904 E Milwaukee Ave, Storm Lake, IA, 50588
Income-restricted units
24 of 25
Year placed in service
Not reported

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

NORTHPARK APTS

LIHTC
1724 E MILWAUKEE AVE, STORM LAKE, IA, 50588
Income-restricted units
24 of 24
Year placed in service
2006
Bedroom mix
12 1BR · 12 2BR

Estimated total housing cost: $782 rent + $117 utilities = $899/mo

Contact property management for current availability. Waitlists may apply.

LAKEVIEW MANOR

Section 202
904 E Milwaukee Ave, Storm Lake, IA, 50588
Income-restricted units
24 of 25
Year placed in service
Not reported

Estimated total housing cost: $782 rent + $117 utilities = $899/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 Storm Lake, IA

Metro-level
BedroomsLocal FMRNational median
Studio$665n/a
1 bedroom$743n/a
2 bedroom$782$1,502
3 bedroom$1,017n/a
4 bedroom$1,173n/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 : Buena Vista County, IA

FY2025. Area median income: $98,400.

Household size30% AMI50% AMI80% AMI
1 person$20,650$34,450$55,100
2 people$23,600$39,400$63,000
3 people$26,650$44,300$70,850
4 people$32,150$49,200$78,700
5 people$37,650$53,150$85,000
6 people$43,150$57,100$91,300
7 people$48,650$61,050$97,600
8 people$54,150$64,950$103,900

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: Storm Lake cost-of-living and Fair Market Rent overview