River City Apts — Income-Restricted Housing in Mason City, IA 50401
15 N Pennsylvania Ave, Mason City, IA 50401
46 units · 41 income-restricted · 1–2 BR · People with disabilities
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2003
- Bedrooms
- 26 1 bedroom · 20 2 bedrooms
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Nearby income-restricted buildings
19 N Ohio Ave
19 N Ohio Ave, Mason City, IA 50401
1.1 mi away
1 unit
- Affordability period may have ended — call to confirm
Autumn Park Apartments ~ Mason City
710 S Pierce Ave, Mason City, IA 50401
1.2 mi away
64 units · 1 BR · People with disabilities
Pilgrim Place
741 S Illinois Ave, Mason City, IA 50401
1.5 mi away
34 units · Studio–1 BR · People with disabilities
Three Links Apartments
1033 19th St SW, Mason City, IA 50401
1.5 mi away
31 units · 30 income-restricted · 1 BR
The Meadows of Mason City
1600 Tenth St SE, Mason City, IA 50401
1.6 mi away
60 units · 1–3 BR · People with disabilities
Rents and income limits in 50401
- Fair market rent, 2 bedrooms
- $950/mo
- Income needed to pay it at 30% of income
- $38,000/yr
- Renters in 50401 paying 30% or more of income on rent
- 36%
Income limits (2026)
Cerro Gordo County, IA area · median family income $97,400. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $20,450 | $34,100 | $54,550 |
| 2 | $23,400 | $39,000 | $62,350 |
| 3 | $27,320 | $43,850 | $70,150 |
| 4 | $33,000 | $48,700 | $77,900 |
| 5 | $38,680 | $52,600 | $84,150 |
| 6 | $44,360 | $56,500 | $90,400 |
| 7 | $50,040 | $60,400 | $96,600 |
| 8 | $55,720 | $64,300 | $102,850 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 50401 | Wider area |
|---|---|---|
| Studio | $760 | $744 |
| 1 bedroom | $770 | $749 |
| 2 bedrooms | $950 | $927 |
| 3 bedrooms | $1,250 | $1,218 |
| 4 bedrooms | $1,520 | $1,485 |
Wider area = Cerro Gordo County, IA. Two-bedroom fair market rents in 5 nearby ZIPs range from $930 (50456) to $1,000 (50458).
Census figures for 50401 (2020–2024 average): median rent $875. Median household income $66,072. 34% of homes are rented. 36% of renters pay 30% or more of their income on rent, and 18% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 50401's fair market rent.
Estimate your Section 8 rent share for 50401Frequently Asked Questions
How do I apply to River City Apts?
No phone is listed for River City Apts. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is River City Apts Section 8 housing?
River City Apts is listed as income-restricted housing in Mason City, IA 50401 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at River City Apts?
Public records list 46 units at River City Apts in Mason City, IA 50401. That is a building size, not a count of open apartments.
Are there other affordable apartments near River City Apts?
Yes — this page lists other income-restricted buildings in 50401 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into River City Apts?
Call the number on this page and ask about the waiting list or how to apply at River City Apts in Mason City, IA 50401. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Mason City, IA 50401?
Most income-restricted buildings in Mason City, IA 50401 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $34,100, and $48,700 for a 4-person household. Public housing can go up to 80% ($54,550 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Mason City, IA 50401?
For many programs in Mason City, IA 50401, the 2026 HUD very low-income (50%) limit is $34,100 a year for 1 person and $48,700 for 4 people. The low-income (80%) limit is $54,550 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Mason City, IA 50401?
In public housing and most Section 8 in Mason City, IA 50401, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Mason City, IA 50401 is $950 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does River City Apts take Section 8 vouchers?
This file does not say that River City Apts has a project-based Section 8 contract. Some landlords in Mason City, IA 50401 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call River City Apts.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.