Iowa

USDA rental housing in Butler County, IA

7 properties in Butler County have USDA Section 515 or 514 financing: 164 apartments across 6 towns. 123 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

7properties
164apartments
123rental assistance units
27vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Locust Square Apts

203 Locust St, Allison, IA 50602

Family · 12 1BR, 2 2BR

Managed by Murphy Enterprises

Units
14
Rental assistance
12
Vacant
3
Accessible
0
Opened
1980

North Court Apts

1130 Ellis St, Aplington, IA 50604

Family · 8 1BR, 4 2BR

Managed by Murphy Enterprises

Units
12
Rental assistance
9
Vacant
2
Accessible
0
Opened
1979

Comm Ret Village

115 N Hilton St, Clarksville, IA 50619

Elderly · 22 1BR, 6 2BR

Managed by Community Retirement Village INC

Units
28
Rental assistance
22
Vacant
3
Accessible
1
Opened
1977

Dumont Community

320 Main St, Dumont, IA 50625

Family · 17 1BR, 5 2BR

Managed by Murphy Enterprises

Units
22
Rental assistance
18
Vacant
2
Accessible
0
Opened
1977

Crestview Apts

1208 Florence St, Parkersburg, IA 50665

Family · 16 2BR, 4 3BR

Managed by National Management Corp.

Units
20
Rental assistance
19
Vacant
7
Accessible
1
Opened
1994

Prairie Village Of Parkersburg

202 N Johnson St, Parkersburg, IA 50665

Elderly · 28 1BR, 4 2BR

Managed by Murphy Enterprises

Units
32
Rental assistance
22
Vacant
8
Accessible
1
Opened
1980

New Horizons Apts

717 S. Pearl St, Shellrock, IA 50470

Family · 32 1BR, 4 2BR

Managed by Murphy Enterprises

Units
36
Rental assistance
21
Vacant
2
Accessible
2
Opened
1979

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 4 nonprofit, 3 limited-profit. 1 also has housing tax credits. 2 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Butler County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).