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

Discover affordable housing in Elysian 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.

Elysian Manor

203 N 1st St, Elysian, Minnesota 56028

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Elysian, Minnesota
$21.02/hour
$12.17 (+138%) more than Minnesota minimum wage and $13.77 (+190%) more than the Federal minimum wage.
Learn More About Elysian, Minnesota Affordable Housing ↓

What HUD offices serve Elysian, 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 Elysian, Minnesota.

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

How many renters live in Elysian, Minnesota?

The City of Elysian has 653 people living in 277 households.

There are 106 renters living in 32 renter households in this City. Renters make up 16.23 percent of the population living in Elysian.

What is the rental market like in Elysian, Minnesota?

There are an estimated 369 housing units in the Elysian area. Of these, 33 units are rental homes, making up 9 percent of the housing market. For every renter household in Elysian, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Elysian?

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

Occupied Rental Units by Size in Elysian
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 9 12 11
Occupied Rental Units by Size in Elysian

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

Among renter households in this market, 38 percent have housing cost burden. Further, 0 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 Elysian

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $804 to $1,758. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $804
One BR $845
Two BR $1,110
Three BR $1,564
Four BR $1,758
2024 Fair Market Rents in Elysian, Minnesota

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

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
Two BR 6 67 percent
Rental Units Below FMR in Elysian, Minnesota

How many affordable rental units are in Elysian?

Income Based Apartments in Elysian, Minnesota

Elysian features 0 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 Elysian, Minnesota

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elysian.

Housing Choice Vouchers in Elysian, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elysian, Minnesota for a two-bedroom apartment is between $999 and $1,221.

Sourced from federal housing data and AffordableHousingOnline.com research.