Low Income Apartments and Affordable Housing For Rent in St James, MN

Discover affordable housing in St James where there are 4+ 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.

Jamestown Apts

510 5th Ave N and , St James, Minnesota

Park Apartments

909 7th Ave N, St James, Minnesota 56081

Somerset North Apartments

720 10th Ave N, St James, Minnesota 56081

Bell Apartments

411 5th Ave N, St James, Minnesota 56081

calendar_today Opened: Jun 6
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In St James, Minnesota
$17.14/hour
$8.29 (+94%) more than Minnesota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About St James, Minnesota Affordable Housing ↓

What HUD offices serve St James, 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) programs for St James, Minnesota.

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

How many renters live in St James, Minnesota?

The City of St James has 4,757 people living in 1,852 households.

There are 1,040 renters living in 477 renter households in this City. Renters make up 21.86 percent of the population living in St James.

What is the rental market like in St James, Minnesota?

There are an estimated 2,051 housing units in the St James area. Of these, 524 units are rental homes, making up 26 percent of the housing market. For every renter household in St James, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in St James?

The rental vacancy rate in St James is 5 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 St James for each bedroom size?

Occupied Rental Units by Size in St James
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
64 164 176 54 11
Occupied Rental Units by Size in St James

A large number of apartments in St James 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 St James are overburdened by housing costs?

Among renter households in this market, 33 percent have housing cost burden. Further, 13 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 St James

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $806
Two BR $905
Three BR $1,275
Four BR $1,324
2024 Fair Market Rents in St James, Minnesota

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

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 59 92 percent
One BR 115 70 percent
Two BR 128 73 percent
Rental Units Below FMR in St James, Minnesota

How many affordable rental units are in St James?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 77
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in St James, Minnesota

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

Income Based Apartments in St James, Minnesota

St James features 153 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 St James, Minnesota

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

Housing Choice Vouchers in St James, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in St James, Minnesota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.