Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Commonwealth Senior Apartments

1400 2nd Ave SE Apt 2, Cedar Rapids, IA, 52403

Information verified May 8, 2026ยทWe re-check waiting list status daily

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About This Property

Commonwealth Senior Apartments provides 84 units of affordable housing for elderly residents in Cedar Rapids, Iowa, with 77 designated as low-income units. The property, which opened in 2016, offers a mix of 15 studio, 58 one-bedroom, and 11 two-bedroom floor plans to accommodate varying household sizes and needs.

Waitlist Information

Waitlist managed by Cedar Rapids Housing Services

Public Housing Waitlist
Closed

No specific waiting list information found for a Public Housing program administered by Cedar Rapids Housing Services.

Last verified May 3, 2026
Section 8 (HCV) Waitlist
Closed
Opened October 14, 2019
Closed October 14, 2019
Apply: In-person

The waiting list was last open for one day on October 14, 2019. Eligibility requires meeting HUD and PHA family definitions, income limits, citizenship or eligible immigrant status, providing social security numbers, and consenting to information use. Reasonable accommodation requests for disabilities can be made by contacting the office.

Last verified February 18, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units
84
Studio
15
1 Bedroom
58
2 Bedroom
11

Fair Market Rent - Linn County, IA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$638
1 Bedroom$716
2 Bedroom$941
3 Bedroom$1,326
4 Bedroom$1,597

Income Limits - Linn County, IA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$18,800
Very Low (50%)
$31,300
Low (80%)
$50,050
2 Persons
Extremely Low (30%)
$21,450
Very Low (50%)
$35,800
Low (80%)
$57,200
3 Persons
Extremely Low (30%)
$24,150
Very Low (50%)
$40,250
Low (80%)
$64,350
4 Persons
Extremely Low (30%)
$26,800
Very Low (50%)
$44,700
Low (80%)
$71,500
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$48,300
Low (80%)
$77,250
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$51,900
Low (80%)
$82,950
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$55,450
Low (80%)
$88,700
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$59,050
Low (80%)
$94,400

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Tax Credit Program Details

Year Placed in Service
2016
LIHTC Credit Type
3
Low-Income Units
77 / 84
Target Population
Elderly
Designations
Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Cedar Rapids, IA?+

The Fair Market Rent (FMR) for Linn County, IA is: $638 (Studio), $716 (1BR), $941 (2BR), $1326 (3BR), $1597 (4BR). Actual rent at subsidized properties like Commonwealth Senior Apartments is typically 30% of household income or less.

What size apartments are available at Commonwealth Senior Apartments?+

Commonwealth Senior Apartments offers the following unit types: 15 Studio, 58 One-Bedroom, 11 Two-Bedroom units, for a total of 84 units.

Who manages Commonwealth Senior Apartments?+

Commonwealth Senior Apartments is managed by . You can reach them at . Visit their website for more information.

What are the income limits for affordable housing in Linn County, IA?+

For a 4-person household in Linn County, IA, the income limits are: Extremely Low Income (30% AMI): $26,800, Very Low Income (50% AMI): $44,700, Low Income (80% AMI): $71,500. These limits are set by HUD and updated annually.

What is the price range for apartments in Cedar Rapids, IA?+

Based on Fair Market Rent for Linn County, the estimated price range is: 1-bedroom: $716, 2-bedroom: $941. Actual rent at Commonwealth Senior Apartments may be lower for income-eligible households.

How do I apply for housing at Commonwealth Senior Apartments?+

Commonwealth Senior Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Is there a waitlist for Commonwealth Senior Apartments?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who is eligible to live at Commonwealth Senior Apartments?+

Commonwealth Senior Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

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Walk Score

Very Walkable

80
Walk
29
Transit
60
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Linn County, IA

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Housing Resources in Cedar Rapids, IA

HUD-Approved Counseling Agencies

HORIZONS, A FAMILY SERVICE ALLIANCE (HORIZONS CCCS)

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops