Southview Apts
700 Madison Ave, Donnellson, IA 52625
Elderly · 15 1BR
Managed by Liberty Realty
- Units
- 15
- Rental assistance
- 14
- Vacant
- 0
- Accessible
- 1
- Opened
- 1981
Iowa
USDA rental housing in Lee County, IA
8 properties in Lee County have USDA Section 515 or 514 financing: 188 apartments across 5 towns. 181 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
8properties
188apartments
181rental assistance units
20vacant 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 Listings come from USDA's public data and may be out of date.
Eagle Bluff I
2803 Avenue A, Fort Madison, IA 52627
Elderly · 24 1BR
Managed by Keyway Management Company
- Units
- 24
- Rental assistance
- 23
- Vacant
- 3
- Accessible
- 4
- Opened
- 1999
Eagle Bluff II
2803 Avenue A, Fort Madison, IA 52627
Elderly · 24 1BR
Managed by Keyway Management Company
- Units
- 24
- Rental assistance
- 24
- Vacant
- 3
- Accessible
- 4
- Opened
- 2000
Fort Madison Park
1125 48th St, Fort Madison, IA 52627
Elderly · 22 1BR
Managed by Keyway Management Company
- Units
- 22
- Rental assistance
- 21
- Vacant
- 3
- Accessible
- 2
- Opened
- 1989
Deer Meadows
715 Cleveland Ave, Keokuk, IA 52632
Elderly · 24 1BR
Managed by Keyway Management Company
- Units
- 24
- Rental assistance
- 24
- Vacant
- 0
- Accessible
- 4
- Opened
- 2002
Keokuk Park Apts
868 Johnson Street RD, Keokuk, IA 52632
Family · 32 2BR, 8 3BR
Managed by Darwin T. Lynner Co.
- Units
- 40
- Rental assistance
- 40
- Vacant
- 5
- Accessible
- 0
- Opened
- 1980
Montrose Senior Apt
900 Spruce St, Montrose, IA 52639
Elderly · 16 1BR
Managed by National Management Corp.
- Units
- 16
- Rental assistance
- 14
- Vacant
- 4
- Accessible
- 2
- Opened
- 1992
Parkview Apartments
507 Iowa Joe St, West Point, IA 52656
Elderly · 23 1BR
Managed by Liberty Realty
- Units
- 23
- Rental assistance
- 21
- Vacant
- 2
- Accessible
- 2
- Opened
- 1981
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: 2 nonprofit, 6 limited-profit. 6 also have housing tax credits. 7 serve elderly tenants. USDA's file shows use restrictions on 2 properties here ending by 2031. 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).