About This Property
Rd Preservation II is a 72-unit affordable housing community in Winterset, Iowa that has served families since 2010. The property offers a mix of one, two, and three-bedroom units, with 24 one-bedroom, 40 two-bedroom, and 8 three-bedroom apartments available. All units are designated for low-income households and the property is non-profit owned.
Waitlist Information
Waitlist managed by Low Rent Housing Agency of Winterset
Eligibility is based on income, family size, and citizenship status; rent is typically 30% of adjusted gross income. Income limits vary by household size; extremely low-income (below 30% AMI) and very low-income (below 50% AMI) renters are served. Some applicants may receive priority; inquire with the PHA. To apply, call 515-462-4340 or contact the property management office.
Eligibility is based on income, family size, and citizenship status; rent is typically 30% of adjusted gross income. Income limits vary by household size for Madison County. Some applicants, such as those 62 or older or with disabilities, may qualify for specific housing or receive priority.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Madison County, IA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $833 |
| 1 Bedroom | $899 |
| 2 Bedroom | $1,080 |
| 3 Bedroom | $1,477 |
| 4 Bedroom | $1,481 |
Income Limits - Madison County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,150
- Extremely Low (30%)
- $21,950
- Very Low (50%)
- $36,550
- Low (80%)
- $58,450
- Extremely Low (30%)
- $24,700
- Very Low (50%)
- $41,100
- Low (80%)
- $65,750
- Extremely Low (30%)
- $27,400
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $49,350
- Low (80%)
- $78,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $53,000
- Low (80%)
- $84,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,650
- Low (80%)
- $90,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $60,300
- Low (80%)
- $96,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,200 | $32,000 | $51,150 |
| 2 Persons | $21,950 | $36,550 | $58,450 |
| 3 Persons | $24,700 | $41,100 | $65,750 |
| 4 Persons | $27,400 | $45,650 | $73,050 |
| 5 Persons | $31,040 | $49,350 | $78,900 |
| 6 Persons | $35,580 | $53,000 | $84,750 |
| 7 Persons | $40,120 | $56,650 | $90,600 |
| 8 Persons | $44,660 | $60,300 | $96,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Winterset, IA?+
The Fair Market Rent (FMR) for Madison County, IA is: $833 (Studio), $899 (1BR), $1080 (2BR), $1477 (3BR), $1481 (4BR). Actual rent at subsidized properties like Rd Preservation Ii is typically 30% of household income or less.
What size apartments are available at Rd Preservation Ii?+
Rd Preservation Ii offers the following unit types: 24 One-Bedroom, 40 Two-Bedroom, 8 Three-Bedroom units, for a total of 72 units.
How do I apply for housing at Rd Preservation Ii?+
Rd Preservation Ii 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.
Who is eligible to live at Rd Preservation Ii?+
Rd Preservation Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Rd Preservation Ii?+
Rd Preservation Ii is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Rd Preservation Ii?+
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.
What are the income limits for affordable housing in Madison County, IA?+
For a 4-person household in Madison County, IA, the income limits are: Extremely Low Income (30% AMI): $27,400, Very Low Income (50% AMI): $45,650, Low Income (80% AMI): $73,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Winterset, IA?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $899, 2-bedroom: $1080, 3-bedroom: $1477. Actual rent at Rd Preservation Ii may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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