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
Iowa
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.
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 Listings come from USDA's public data and may be out of date.
203 Locust St, Allison, IA 50602
Family · 12 1BR, 2 2BR
Managed by Murphy Enterprises
1130 Ellis St, Aplington, IA 50604
Family · 8 1BR, 4 2BR
Managed by Murphy Enterprises
115 N Hilton St, Clarksville, IA 50619
Elderly · 22 1BR, 6 2BR
Managed by Community Retirement Village INC
320 Main St, Dumont, IA 50625
Family · 17 1BR, 5 2BR
Managed by Murphy Enterprises
1208 Florence St, Parkersburg, IA 50665
Family · 16 2BR, 4 3BR
Managed by National Management Corp.
202 N Johnson St, Parkersburg, IA 50665
Elderly · 28 1BR, 4 2BR
Managed by Murphy Enterprises
717 S. Pearl St, Shellrock, IA 50470
Family · 32 1BR, 4 2BR
Managed by Murphy Enterprises
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.
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.
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.
Every property in one file: 515/514 portfolio download (CSV and JSON).