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

Discover affordable housing in Cologne where there are 1+ 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.

Lakeside Villa Apartments

315 Paul Ave N, Cologne, Minnesota 55322

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cologne, Minnesota
$30.72/hour
$21.87 (+247%) more than Minnesota minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Cologne, Minnesota Affordable Housing ↓

What HUD offices serve Cologne, 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 Cologne, Minnesota.
Operates the Public Housing programs for Cologne, Minnesota.

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

How many renters live in Cologne, Minnesota?

The City of Cologne has 2,086 people living in 780 households.

There are 131 renters living in 68 renter households in this City. Renters make up 6.28 percent of the population living in Cologne.

What is the rental market like in Cologne, Minnesota?

There are an estimated 806 housing units in the Cologne area. Of these, 68 units are rental homes, making up 8 percent of the housing market. For every renter household in Cologne, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Cologne?

The rental vacancy rate in Cologne 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 Cologne for each bedroom size?

Occupied Rental Units by Size in Cologne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 31 2 26 3
Occupied Rental Units by Size in Cologne

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

Among renter households in this market, 65 percent have housing cost burden. Further, 7 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 Cologne

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Cologne, Minnesota

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

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 3 100 percent
One BR 31 100 percent
Two BR 2 100 percent
Rental Units Below FMR in Cologne, Minnesota

How many affordable rental units are in Cologne?

Income Based Apartments in Cologne, Minnesota

Cologne features 12 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 Cologne, Minnesota

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

Housing Choice Vouchers in Cologne, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cologne, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.