Iowa

USDA rental housing in Poweshiek County, IA

9 properties in Poweshiek County have USDA Section 515 or 514 financing: 221 apartments across 6 towns. 159 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

9properties
221apartments
159rental assistance units
52vacant 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 Listings come from USDA's public data and may be out of date.

Brooklyn Housing

204 W 2nd Ave, Brooklyn, IA 52211

Elderly · 29 1BR, 6 2BR

Units
35
Rental assistance
21
Vacant
12
Accessible
0
Opened
1975

Deep River Hsg

205 Church St, Deep River, IA 52222

Family · 9 1BR, 3 2BR

Managed by Financial Service Group, INC

Units
12
Rental assistance
3
Vacant
0
Accessible
0
Opened
1975

Brookside East/west & Monropark

902 Prince St, Grinnell, IA 50112

Elderly · 59 1BR, 3 2BR

Managed by Right Way Management Services Ll

Units
62
Rental assistance
28
Vacant
24
Accessible
0
Opened
1975

Center Street Indelible Housing

506 Center St, Grinnell, IA 50112

Family · 12 2BR

Units
12
Rental assistance
12
Vacant
0
Accessible
0
Opened
1981

Grinnell Estates

2020 West St, Grinnell, IA 50112

Elderly · 24 1BR

Managed by Murphy Enterprises

Units
24
Rental assistance
24
Vacant
4
Accessible
0
Opened
1993

Grinnell Park Apts

223 4th Ave W, Grinnell, IA 50112

Family · 12 1BR, 12 2BR

Managed by T&l Properties LLC

Units
24
Rental assistance
23
Vacant
2
Accessible
0
Opened
1990

Malcom Manor

608 Clay St, Malcom, IA 50157

Elderly · 7 1BR, 2 2BR

Units
9
Rental assistance
7
Vacant
0
Accessible
0
Opened
1980

Sunny View Square

504 E Ogden St, Montezuma, IA 50171

Elderly · 26 1BR, 6 2BR

Units
32
Rental assistance
30
Vacant
9
Accessible
0
Opened
1971

Searsboro Manor

207 High St, Searsboro, IA 50242

Family · 11 1BR

Managed by Financial Service Group, INC

Units
11
Rental assistance
11
Vacant
1
Accessible
0
Opened
1980

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: 6 nonprofit, 3 limited-profit. 1 also has housing tax credits. 5 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 Poweshiek 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).