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

Discover affordable housing in Bagley 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.

Otterkill Gardens

635 Hallan Ave NE, Bagley, Minnesota 56621

Parkview Apartments

516 Main Ave N, Bagley, Minnesota 56621

White Earth IV - D5199

13958 Community Loop, Bagley, Minnesota 56621

Hillside Manor Apartments

16 Sand Lake Ave SW, Bagley, Minnesota 56621

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bagley, Minnesota
$17.73/hour
$8.88 (+100%) more than Minnesota minimum wage and $10.48 (+145%) more than the Federal minimum wage.
Learn More About Bagley, Minnesota Affordable Housing ↓

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

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

How many renters live in Bagley, Minnesota?

The City of Bagley has 1,194 people living in 517 households.

There are 347 renters living in 209 renter households in this City. Renters make up 29.06 percent of the population living in Bagley.

What is the rental market like in Bagley, Minnesota?

There are an estimated 606 housing units in the Bagley area. Of these, 237 units are rental homes, making up 39 percent of the housing market. For every renter household in Bagley, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Bagley?

The rental vacancy rate in Bagley is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Bagley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 96 65 32 4
Occupied Rental Units by Size in Bagley

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

Among renter households in this market, 33 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 Bagley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $634 to $1,450. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $634
One BR $712
Two BR $936
Three BR $1,266
Four BR $1,450
2024 Fair Market Rents in Bagley, Minnesota

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

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 0 100 percent
One BR 72 75 percent
Two BR 45 69 percent
Rental Units Below FMR in Bagley, Minnesota

How many affordable rental units are in Bagley?

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

Federal Program Unit Count
Low Income Housing Tax Credit 23
Public Housing 35
Section 8 Project-Based Rental Assistance 30
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Bagley, Minnesota

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

Income Based Apartments in Bagley, Minnesota

Bagley features 89 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 Bagley, Minnesota

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bagley.

Housing Choice Vouchers in Bagley, Minnesota

On average, Section 8 Housing Choice vouchers pay Bagley landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Bagley.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bagley, Minnesota for a two-bedroom apartment is between $842 and $1,030.

Sourced from federal housing data and AffordableHousingOnline.com research.