About This Property
Deer Ridge Apts III offers 24 low-income units in Des Moines designed to serve families. The property features a mix of one-, two-, and three-bedroom units, with six units of each size available. Built in 2003 and financed through 9% Low-Income Housing Tax Credits, the community continues to provide affordable housing options in Polk County.
Waitlist Information
Waitlist managed by Des Moines Municipal Housing Agency
The waiting list is open for household sizes of two persons or less, including elderly and disabled families and single individuals; the waiting list for 2, 3, 4, and 5 bedroom units is currently closed. Applicants are placed on the waiting list by date and time of application. Preferences may include victims of physical violence, hate crime, natural disaster, involuntary displacement, and working. Applicants must be at least 18 years old, one member must be a US citizen or eligible non-citizen, and applicants with any drug-related charge in the past five years will be denied.
The waiting list was last open in September/October 2025 and is managed by a lottery. Mainstream Voucher preferences apply to non-elderly persons with a disability who previously experienced homelessness and are current clients in a HUD-funded permanent supportive housing or rapid rehousing program. Applicants with any drug-related charge within the past two years will be denied.
Waitlist data provided by section8waitlist.org
Updated September 28, 2026
Property Details
Fair Market Rent - Polk County, IA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $833 |
| 1 Bedroom | $899 |
| 2 Bedroom | $1,080 |
| 3 Bedroom | $1,477 |
| 4 Bedroom | $1,481 |
Income Limits - Polk County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,150
- Extremely Low (30%)
- $21,950
- Very Low (50%)
- $36,550
- Low (80%)
- $58,450
- Extremely Low (30%)
- $24,700
- Very Low (50%)
- $41,100
- Low (80%)
- $65,750
- Extremely Low (30%)
- $27,400
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $49,350
- Low (80%)
- $78,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $53,000
- Low (80%)
- $84,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,650
- Low (80%)
- $90,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $60,300
- Low (80%)
- $96,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,200 | $32,000 | $51,150 |
| 2 Persons | $21,950 | $36,550 | $58,450 |
| 3 Persons | $24,700 | $41,100 | $65,750 |
| 4 Persons | $27,400 | $45,650 | $73,050 |
| 5 Persons | $31,040 | $49,350 | $78,900 |
| 6 Persons | $35,580 | $53,000 | $84,750 |
| 7 Persons | $40,120 | $56,650 | $90,600 |
| 8 Persons | $44,660 | $60,300 | $96,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Des Moines, IA?+
The Fair Market Rent (FMR) for Polk County, IA is: $833 (Studio), $899 (1BR), $1080 (2BR), $1477 (3BR), $1481 (4BR). Actual rent at subsidized properties like Deer Ridge Apts Iii is typically 30% of household income or less.
What size apartments are available at Deer Ridge Apts Iii?+
Deer Ridge Apts Iii offers the following unit types: 6 One-Bedroom, 12 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Deer Ridge Apts Iii?+
Deer Ridge Apts Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Deer Ridge Apts Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Des Moines, IA?+
Based on Fair Market Rent for Polk County, the estimated price range is: 1-bedroom: $899, 2-bedroom: $1080, 3-bedroom: $1477. Actual rent at Deer Ridge Apts Iii may be lower for income-eligible households.
Who manages Deer Ridge Apts Iii?+
Deer Ridge Apts Iii is managed by . You can reach them at .
What are the income limits for affordable housing in Polk County, IA?+
For a 4-person household in Polk County, IA, the income limits are: Extremely Low Income (30% AMI): $27,400, Very Low Income (50% AMI): $45,650, Low Income (80% AMI): $73,050. These limits are set by HUD and updated annually.
Who is eligible to live at Deer Ridge Apts Iii?+
Deer Ridge Apts Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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