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

Discover affordable housing in Mabel 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.

Cherrywood Estates

102 Cherrywood Dr, Mabel, Minnesota 55954

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 Mabel, 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 Mabel, Minnesota Affordable Housing ↓

What HUD offices serve Mabel, 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 Mabel, Minnesota.

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

How many renters live in Mabel, Minnesota?

The City of Mabel has 803 people living in 325 households.

There are 69 renters living in 51 renter households in this City. Renters make up 8.59 percent of the population living in Mabel.

What is the rental market like in Mabel, Minnesota?

There are an estimated 387 housing units in the Mabel area. Of these, 74 units are rental homes, making up 19 percent of the housing market. For every renter household in Mabel, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Mabel?

The rental vacancy rate in Mabel is 31 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 Mabel for each bedroom size?

Occupied Rental Units by Size in Mabel
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 18 31 2 0
Occupied Rental Units by Size in Mabel

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

Among renter households in this market, 37 percent have housing cost burden. Further, 27 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 Mabel

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,443. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $684
One BR $689
Two BR $905
Three BR $1,234
Four BR $1,443
2024 Fair Market Rents in Mabel, Minnesota

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

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 13 72 percent
Two BR 18 58 percent
Rental Units Below FMR in Mabel, Minnesota

How many affordable rental units are in Mabel?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 16
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Mabel, Minnesota

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

Income Based Apartments in Mabel, Minnesota

Mabel features 16 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 Mabel, Minnesota

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

Housing Choice Vouchers in Mabel, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.