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Project Independence

4002 Sherman Street, NE

CEDAR RAPIDS , IA 52402

☑ Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 19

Assisted housing category: 202/811

Owner organization name: Project Independence, Inc.

Management agent organization name: Right Way Management Services LLC

Management agent main phone number: (563) 432-6160

Management agent email address: rwms@netins.net

Hud Administered ind: N

Contract doc type: HAP

Program type: 202/8 NC

Rent to FMR ratio: 132.88698

Rent to FMR description: Between 131% & 140% FMR

Total efficiency units: 1

Total 1bedroom units: 14

Total 2bedroom units: 4

Efficiency: $506.00 per month

1bedroom: $590.00 per month

2bedrooms: $777.00 per month

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MORE AFFORABLE APARTMENTS CEDAR RAPIDS, IA 52402

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2024 Fair Market Rents in Cedar Rapids, IA 52402 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Cedar Rapids, IA 52402 offer diverse housing options, including those relevant to Section 8 assistance:

Efficiency: $594 (low) to $726 (high) per month
One-Bedrooms: $675 (low) to $825 (high) per month
Two-Bedrooms: $882 (low) to $1,078 (high) per month
Three-Bedrooms: $1,242 (low) to $1,518 (high) per month
Four-Bedrooms: $1,494 (low) to $1,826 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Cedar Rapids, IA 52402 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Cedar Rapids, IA HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

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