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

Discover affordable housing in Kasson where there are 6+ 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.

Kasson Senior Housing

400 2nd St SW, Kasson, Minnesota 55944

Greenfield Village Apartments

600 Veterans Mem Hwy, Kasson, Minnesota 55944

Greenfield Manor

700 Veterans Mem Hwy, Kasson, Minnesota 55944

Kasson Historic Residences

101 3rd Avenue Northwest, Kasson, Minnesota 55944

Southridge Townhomes

500 W Veterans Memorial Hwy, Kasson, Minnesota 55944

Sunwood Manor

200 First Street Ne, Kasson, Minnesota

calendar_today Opened: Aug 7
calendar_today Closed: Feb 14,

Reported On January 24th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kasson, Minnesota
$21.74/hour
$12.89 (+146%) more than Minnesota minimum wage and $14.49 (+200%) more than the Federal minimum wage.
Learn More About Kasson, Minnesota Affordable Housing ↓

What HUD offices serve Kasson, 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 Kasson, Minnesota.

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

How many renters live in Kasson, Minnesota?

The City of Kasson has 6,855 people living in 2,487 households.

There are 579 renters living in 259 renter households in this City. Renters make up 8.45 percent of the population living in Kasson.

What is the rental market like in Kasson, Minnesota?

There are an estimated 2,659 housing units in the Kasson area. Of these, 259 units are rental homes, making up 10 percent of the housing market. For every renter household in Kasson, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Kasson?

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

Occupied Rental Units by Size in Kasson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 74 142 43 0
Occupied Rental Units by Size in Kasson

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

Among renter households in this market, 49 percent have housing cost burden. Further, 11 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 Kasson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $814 to $1,948. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $814
One BR $927
Two BR $1,148
Three BR $1,618
Four BR $1,948
2024 Fair Market Rents in Kasson, Minnesota

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

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 74 100 percent
Two BR 92 65 percent
Rental Units Below FMR in Kasson, Minnesota

How many affordable rental units are in Kasson?

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

Federal Program Unit Count
Low Income Housing Tax Credit 23
Public Housing 2
Section 8 Project-Based Rental Assistance 36
USDA Section 515 Rural Rental Housing 59
Tracked Units by Federal Program in Kasson, Minnesota

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

Income Based Apartments in Kasson, Minnesota

Kasson features 95 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 Kasson, Minnesota

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kasson.

Housing Choice Vouchers in Kasson, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Kasson, Minnesota for a two-bedroom apartment is between $1,033 and $1,263.

Sourced from federal housing data and AffordableHousingOnline.com research.