Low Income Apartments and Affordable Housing For Rent in Northfield, MN

Discover affordable housing in Northfield where there are 10+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Northern Oaks Townhomes

220 Dresden Ave, Northfield, Minnesota 55057

Spring Creek Townhomes

495 Southbridge Dr, Northfield, Minnesota 55057

North and South Oak Apartments

220 Greenvale Ave, #101, Northfield, Minnesota 55057

Jefferson Square

1356 Jefferson Road, Northfield, Minnesota 55057

Summerfields Apartments

901 Summerfield Dr, Northfield, Minnesota 55057

North and South Oak Apartments

600 Spring Street N, Northfield, Minnesota 55057

Parkway Townhomes

1648 Jefferson Pkwy, Northfield, Minnesota 55057

Koester Court III

1520 Koester Court, Northfield, Minnesota

Koester Court Apt

1502 Koester Court, Northfield, Minnesota

Koester Court II

1510 Koester Court, Northfield, Minnesota

calendar_today Opened: Jan 26
Open Until Further Notice

Reported On January 26th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Northfield, Minnesota
$22.84/hour
$13.99 (+158%) more than Minnesota minimum wage and $15.59 (+215%) more than the Federal minimum wage.
Learn More About Northfield, Minnesota Affordable Housing ↓

What HUD offices serve Northfield, Minnesota?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership programs for Northfield, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Northfield, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Northfield, Minnesota.

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Northfield.

How many renters live in Northfield, Minnesota?

The City of Northfield has 20,518 people living in 6,328 households.

There are 3,563 renters living in 1,884 renter households in this City. Renters make up 17.37 percent of the population living in Northfield.

What is the rental market like in Northfield, Minnesota?

There are an estimated 6,723 housing units in the Northfield area. Of these, 1,957 units are rental homes, making up 29 percent of the housing market. For every renter household in Northfield, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Northfield?

The rental vacancy rate in Northfield is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Northfield for each bedroom size?

Occupied Rental Units by Size in Northfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
67 787 700 302 19
Occupied Rental Units by Size in Northfield

A large number of apartments in Northfield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Northfield are overburdened by housing costs?

Among renter households in this market, 35 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Northfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $913 to $1,932. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $913
One BR $918
Two BR $1,206
Three BR $1,634
Four BR $1,932
2024 Fair Market Rents in Northfield, Minnesota

How many units are rented at Fair Market Rent (FMR) in Northfield?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 46 69 percent
One BR 570 72 percent
Two BR 383 55 percent
Rental Units Below FMR in Northfield, Minnesota

How many affordable rental units are in Northfield?

There are a variety of federal affordable housing programs serving households in Northfield, Minnesota including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 212
Section 8 Project-Based Rental Assistance 290
Section 202 Supportive Housing for the Elderly 48
USDA Section 515 Rural Rental Housing 138
Tracked Units by Federal Program in Northfield, Minnesota

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Northfield, Minnesota

Northfield features 164 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Northfield, Minnesota

There are 180 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Northfield.

Housing Choice Vouchers in Northfield, Minnesota

On average, Section 8 Housing Choice vouchers pay Northfield landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Northfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Northfield, Minnesota for a two-bedroom apartment is between $1,085 and $1,327.

Sourced from federal housing data and AffordableHousingOnline.com research.