Menlo Devel Corp — Income-Restricted Housing in Menlo, IA 50164
403 Sheridan St, Menlo, IA 50164
13 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
How to apply
- Find contact info on USDA's Multifamily Housing programs page.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1970
- Bedrooms
- 9 1 bedroom · 4 2 bedrooms
- USDA rental assistance
- 10 units (tenant pays about 30% of income)
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Nearby income-restricted buildings
Rents and income limits in 50164
- Fair market rent, 2 bedrooms
- $930/mo
- Income needed to pay it at 30% of income
- $37,200/yr
Income limits (2026)
Des Moines-West Des Moines, IA area · median family income $116,400. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $24,450 | $40,750 | $65,200 |
| 2 | $27,950 | $46,600 | $74,500 |
| 3 | $31,450 | $52,400 | $83,800 |
| 4 | $34,900 | $58,200 | $93,100 |
| 5 | $38,680 | $62,900 | $100,550 |
| 6 | $44,360 | $67,550 | $108,000 |
| 7 | $50,040 | $72,200 | $115,450 |
| 8 | $55,720 | $76,850 | $122,900 |
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 | 50164 | Wider area |
|---|---|---|
| Studio | $740 | $1,102 |
| 1 bedroom | $760 | $1,145 |
| 2 bedrooms | $930 | $1,360 |
| 3 bedrooms | $1,250 | $1,856 |
| 4 bedrooms | $1,310 | $1,901 |
Wider area = Des Moines-West Des Moines, IA. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,030 (50002) to $1,080 (50070).
Census figures for 50164 (2020–2024 average): Median household income $80,188. 6% of homes are rented.
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 50164's fair market rent.
Estimate your Section 8 rent share for 50164Frequently Asked Questions
How do I apply to Menlo Devel Corp?
No phone is listed for Menlo Devel Corp. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Menlo Devel Corp Section 8 housing?
Menlo Devel Corp is listed as income-restricted housing in Menlo, IA 50164 (usda). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Menlo Devel Corp?
Public records list 13 units at Menlo Devel Corp in Menlo, IA 50164. That is a building size, not a count of open apartments.
Are there other affordable apartments near Menlo Devel Corp?
Yes — this page lists other income-restricted buildings in 50164 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 Menlo Devel Corp?
Call the number on this page and ask about the waiting list or how to apply at Menlo Devel Corp in Menlo, IA 50164. 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 Menlo, IA 50164?
Most income-restricted buildings in Menlo, IA 50164 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 $40,750, and $58,200 for a 4-person household. Public housing can go up to 80% ($65,200 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 Menlo, IA 50164?
For many programs in Menlo, IA 50164, the 2026 HUD very low-income (50%) limit is $40,750 a year for 1 person and $58,200 for 4 people. The low-income (80%) limit is $65,200 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 Menlo, IA 50164?
In public housing and most Section 8 in Menlo, IA 50164, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Menlo, IA 50164 is $930 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 Menlo Devel Corp take Section 8 vouchers?
This file does not say that Menlo Devel Corp has a project-based Section 8 contract. Some landlords in Menlo, IA 50164 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Menlo Devel Corp.
Sources: HUD LIHTC database, 2024 (released Apr 2026); USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.