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

Discover affordable housing in Hopkins where there are 7+ 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.

Trailside Apartments

335 17TH Ave N, Hopkins, Minnesota 55343

Oxford Village

439 N. Blake Rd., Hopkins, Minnesota 55343

Sonoma Apartments

44 5th Ave S, Hopkins, Minnesota 55343

Fraser Hopkins Court

41 8th Ave N, Hopkins, Minnesota 55343

Raspberry Ridge

27 14th Ave N, Hopkins, Minnesota 55343

Hopkins Village Apartments

9 7th Ave S, Hopkins, Minnesota 55343

Dow Towers

22 5th Ave S, Hopkins, Minnesota 55343

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

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

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

How many renters live in Hopkins, Minnesota?

The City of Hopkins has 18,752 people living in 9,153 households.

There are 11,509 renters living in 6,019 renter households in this City. Renters make up 61.37 percent of the population living in Hopkins.

What is the rental market like in Hopkins, Minnesota?

There are an estimated 9,713 housing units in the Hopkins area. Of these, 6,318 units are rental homes, making up 65 percent of the housing market. For every renter household in Hopkins, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Hopkins?

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

Occupied Rental Units by Size in Hopkins
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
661 2,395 2,404 443 116
Occupied Rental Units by Size in Hopkins

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

Among renter households in this market, 44 percent have housing cost burden. Further, 23 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 Hopkins

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 Hopkins, Minnesota

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

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 352 53 percent
One BR 1,550 65 percent
Two BR 1,405 58 percent
Rental Units Below FMR in Hopkins, Minnesota

How many affordable rental units are in Hopkins?

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

Federal Program Unit Count
Low Income Housing Tax Credit 235
Public Housing 76
Section 8 Project-Based Rental Assistance 165
Section 811 Supportive Housing for Persons with Disabilities 38
Tracked Units by Federal Program in Hopkins, Minnesota

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

Income Based Apartments in Hopkins, Minnesota

Hopkins features 377 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 Hopkins, Minnesota

There are 51 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hopkins.

Housing Choice Vouchers in Hopkins, Minnesota

On average, Section 8 Housing Choice vouchers pay Hopkins landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Hopkins.

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

Sourced from federal housing data and AffordableHousingOnline.com research.