Low Income Apartments and Affordable Housing For Rent in Parkers Prairie, MN

Discover affordable housing in Parkers Prairie where there are 2+ 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.

Prairie Village I

109 4th Ave N, Parkers Prairie, Minnesota 56361

Willow Square C/O Emil Madsen

305 Clayborn Ave, Parkers Prairie, Minnesota

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Parkers Prairie, Minnesota
$17.88/hour
$9.03 (+102%) more than Minnesota minimum wage and $10.63 (+147%) more than the Federal minimum wage.
Learn More About Parkers Prairie, Minnesota Affordable Housing ↓

What HUD offices serve Parkers Prairie, 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 programs for Parkers Prairie, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Parkers Prairie, Minnesota.

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

How many renters live in Parkers Prairie, Minnesota?

The City of Parkers Prairie has 1,209 people living in 437 households.

There are 252 renters living in 98 renter households in this City. Renters make up 20.84 percent of the population living in Parkers Prairie.

What is the rental market like in Parkers Prairie, Minnesota?

There are an estimated 465 housing units in the Parkers Prairie area. Of these, 107 units are rental homes, making up 23 percent of the housing market. For every renter household in Parkers Prairie, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Parkers Prairie?

The rental vacancy rate in Parkers Prairie is 0 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 Parkers Prairie for each bedroom size?

Occupied Rental Units by Size in Parkers Prairie
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 41 27 6 19
Occupied Rental Units by Size in Parkers Prairie

A large number of apartments in Parkers Prairie 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 Parkers Prairie are overburdened by housing costs?

Among renter households in this market, 31 percent have housing cost burden. Further, 28 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 Parkers Prairie

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,395. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $640
One BR $718
Two BR $944
Three BR $1,289
Four BR $1,395
2024 Fair Market Rents in Parkers Prairie, Minnesota

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

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 5 100 percent
One BR 32 78 percent
Two BR 19 70 percent
Rental Units Below FMR in Parkers Prairie, Minnesota

How many affordable rental units are in Parkers Prairie?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 19
Tracked Units by Federal Program in Parkers Prairie, Minnesota

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

Income Based Apartments in Parkers Prairie, Minnesota

Parkers Prairie features 17 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 Parkers Prairie, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parkers Prairie.

Housing Choice Vouchers in Parkers Prairie, Minnesota

On average, Section 8 Housing Choice vouchers pay Parkers Prairie landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Parkers Prairie.

The maximum amount a voucher would pay on behalf of a low-income tenant in Parkers Prairie, Minnesota for a two-bedroom apartment is between $850 and $1,038.

Sourced from federal housing data and AffordableHousingOnline.com research.