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

Discover affordable housing in Hollandale 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.

Hi-View Apartments

201 Amsterdam, Hollandale, Minnesota 56045

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hollandale, Minnesota
$18.41/hour
$9.56 (+108%) more than Minnesota minimum wage and $11.16 (+154%) more than the Federal minimum wage.
Learn More About Hollandale, Minnesota Affordable Housing ↓

How many renters live in Hollandale, Minnesota?

The City of Hollandale has 338 people living in 125 households.

There are 80 renters living in 21 renter households in this City. Renters make up 23.67 percent of the population living in Hollandale.

What is the rental market like in Hollandale, Minnesota?

There are an estimated 136 housing units in the Hollandale area. Of these, 21 units are rental homes, making up 15 percent of the housing market. For every renter household in Hollandale, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Hollandale?

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

Occupied Rental Units by Size in Hollandale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 2 1 14 2
Occupied Rental Units by Size in Hollandale

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

Among renter households in this market, 43 percent have housing cost burden. Further, 10 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 Hollandale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $659 to $1,402. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $659
One BR $740
Two BR $972
Three BR $1,239
Four BR $1,402
2024 Fair Market Rents in Hollandale, Minnesota

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

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 2 100 percent
Two BR 0 100 percent
Rental Units Below FMR in Hollandale, Minnesota

How many affordable rental units are in Hollandale?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Hollandale, Minnesota

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

Income Based Apartments in Hollandale, Minnesota

Hollandale features 10 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 Hollandale, Minnesota

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

Housing Choice Vouchers in Hollandale, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hollandale, Minnesota for a two-bedroom apartment is between $875 and $1,069.

Sourced from federal housing data and AffordableHousingOnline.com research.