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

Discover affordable housing in Fulda where there are 2+ 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.

Centennial Apartments - - ( Fulda )

200 Florence Ave, Fulda, Minnesota 56131

Heritage Apartments

400 2nd St, Fulda, Minnesota 56131

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Fulda, 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 Fulda, Minnesota.

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

How many renters live in Fulda, Minnesota?

The City of Fulda has 1,377 people living in 583 households.

There are 243 renters living in 106 renter households in this City. Renters make up 17.65 percent of the population living in Fulda.

What is the rental market like in Fulda, Minnesota?

There are an estimated 624 housing units in the Fulda area. Of these, 115 units are rental homes, making up 18 percent of the housing market. For every renter household in Fulda, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Fulda?

The rental vacancy rate in Fulda is 8 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 Fulda for each bedroom size?

Occupied Rental Units by Size in Fulda
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 42 37 24 0
Occupied Rental Units by Size in Fulda

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

Among renter households in this market, 33 percent have housing cost burden. Further, 24 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 Fulda

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $704
Two BR $905
Three BR $1,275
Four BR $1,536
2024 Fair Market Rents in Fulda, Minnesota

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

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
One BR 23 55 percent
Two BR 23 62 percent
Rental Units Below FMR in Fulda, Minnesota

How many affordable rental units are in Fulda?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 16
Tracked Units by Federal Program in Fulda, Minnesota

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

Income Based Apartments in Fulda, Minnesota

Fulda features 24 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 Fulda, Minnesota

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

Housing Choice Vouchers in Fulda, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.