Lee County, IA

Fair Market Rents by bedroom size

HUD sets FMRs annually. Local PHAs set their payment standards at 90–110% of FMR (higher with HUD approval) — the ranges below are estimates; confirm with the housing authority.

Source: HUD FY 2026 data for Lee County. Payment standard ranges shown are 90–110% of FMR; actual standards vary by housing authority.

Housing authorities serving Lee County

This county is served by 2 housing authorities. Each may have its own waiting list, payment standards, and application requirements.

• Fort Madison Housing Authority

  1102 48th St, Fort Madison, IA, 52627 · 3193726083

• Keokuk Housing Authority

  111 S 2nd St, Keokuk, IA, 52632 · 3195244386

These properties were built or rehabilitated using the federal Low-Income Housing Tax Credit (LIHTC) program and must rent a portion of units below market rate. Many, but not all, accept Section 8 Housing Choice Vouchers — contact the property directly to confirm current availability and voucher acceptance.

• KEOKUK SENIOR LOFTS

  925 MAIN ST, KEOKUK, IA, 52632-4662
  40 income-restricted units of 45 total10 1BR, 35 2BRBuilt 20174% LIHTCCompliance through ~2047

• BLUFF APTS OF FORT MADISON

  5202 RIVER VALLEY RD, FORT MADISON, IA, 52627
  40 income-restricted units24 2BR, 16 3BRBuilt 2011Tax-exempt bondCompliance through ~2041

• WESTPORT TERRACE

  950 JOHNSON ST RD, KEOKUK, IA, 52632
  72 income-restricted units48 2BR, 16 3BR, 8 4BR+Built 20114% LIHTCCompliance through ~2041

• HOTEL IOWA

  401 MAIN ST, KEOKUK, IA, 52632
  48 income-restricted units of 53 total32 1BR, 16 2BRBuilt 20064% + 9% LIHTCCompliance through ~2036

• LINCOLN RIDGE

  2815 LINCOLN AVE, KEOKUK, IA, 52632
  16 income-restricted units of 14 totalBuilt 2002Compliance through ~2032

• DEER MEADOW

  715 CLEVELAND AVE, KEOKUK, IA, 52632
  24 income-restricted units24 1BRBuilt 20014% LIHTCCompliance through ~2031

• EAGLE BLUFF APTS PHASE II

  2803A AVE N, FORT MADISON, IA, 52627
  24 income-restricted units24 1BRBuilt 20004% LIHTCCompliance through ~2030

• EAGLE BLUFF PHASE I

  2803A AVE N, FORT MADISON, IA, 52627
  24 income-restricted unitsBuilt 1999Compliance through ~2029

• MONTROSE SENIOR APTS

  900 SPRUCE ST, MONTROSE, IA, 52639
  16 income-restricted unitsBuilt 1992Compliance through ~2022

Source: HUD LIHTC Public-Use Database. Properties shown were placed in service within the last 35 years and may still be under compliance obligations. Verify availability, income limits, and voucher acceptance directly with each property. More on finding affordable housing →