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

Discover affordable housing in Eden Prairie where there are 8+ 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.

Briarhill Apartments

7025 Woodland Drive, Eden Prairie, Minnesota 55346

Elevate at Soutwest Station

12900 Technology Drive, Eden Prairie, Minnesota 55344

Trail Point Ridge

16397 Glory Ln, Eden Prairie, Minnesota 55344

Edendale Residence, Inc

16700 Main St, Eden Prairie, Minnesota 55346

The Bluffs at Nine Mile Creek

7475 Flying Cloud Dr, Eden Prairie, Minnesota 55344

Prairie Meadow

11345 Westwind Dr, Eden Prairie, Minnesota 55344

Columbine Townhomes

8621 Columbine Rd, Eden Prairie, Minnesota 55344

Edenvale Family Housing

7411 Mitchell Rd, Eden Prairie, Minnesota 55344

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eden Prairie, 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 Eden Prairie, Minnesota Affordable Housing ↓

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

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

How many renters live in Eden Prairie, Minnesota?

The City of Eden Prairie has 63,623 people living in 25,070 households.

There are 14,325 renters living in 5,939 renter households in this City. Renters make up 22.52 percent of the population living in Eden Prairie.

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

There are an estimated 25,978 housing units in the Eden Prairie area. Of these, 6,170 units are rental homes, making up 24 percent of the housing market. For every renter household in Eden Prairie, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Eden Prairie?

The rental vacancy rate in Eden Prairie 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 Eden Prairie for each bedroom size?

Occupied Rental Units by Size in Eden Prairie
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
315 1,560 3,125 650 219
Occupied Rental Units by Size in Eden Prairie

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

Among renter households in this market, 38 percent have housing cost burden. Further, 18 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 Eden Prairie

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 Eden Prairie, Minnesota

How many units are rented at Fair Market Rent (FMR) in Eden 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 105 33 percent
One BR 547 35 percent
Two BR 705 23 percent
Rental Units Below FMR in Eden Prairie, Minnesota

How many affordable rental units are in Eden Prairie?

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

Federal Program Unit Count
Low Income Housing Tax Credit 357
Public Housing 6
Section 8 Project-Based Rental Assistance 350
Section 811 Supportive Housing for Persons with Disabilities 2
Tracked Units by Federal Program in Eden Prairie, Minnesota

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

Income Based Apartments in Eden Prairie, Minnesota

Eden Prairie features 355 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 Eden Prairie, Minnesota

There are 355 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eden Prairie.

Housing Choice Vouchers in Eden Prairie, Minnesota

On average, Section 8 Housing Choice vouchers pay Eden Prairie landlords $900 per month towards rent. The average voucher holder contributes $600 towards rent in Eden Prairie.

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

Sourced from federal housing data and AffordableHousingOnline.com research.