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

Discover affordable housing in Medford 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.

Medford Manor

216 1st St SE, Medford, Minnesota 55049

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Medford, Minnesota
$20.09/hour
$11.24 (+127%) more than Minnesota minimum wage and $12.84 (+177%) more than the Federal minimum wage.
Learn More About Medford, Minnesota Affordable Housing ↓

How many renters live in Medford, Minnesota?

The City of Medford has 1,258 people living in 440 households.

There are 220 renters living in 100 renter households in this City. Renters make up 17.49 percent of the population living in Medford.

What is the rental market like in Medford, Minnesota?

There are an estimated 477 housing units in the Medford area. Of these, 115 units are rental homes, making up 24 percent of the housing market. For every renter household in Medford, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Medford?

The rental vacancy rate in Medford is 13 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 Medford for each bedroom size?

Occupied Rental Units by Size in Medford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 39 28 22 11
Occupied Rental Units by Size in Medford

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

Among renter households in this market, 19 percent have housing cost burden. Further, 16 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 Medford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $808 to $1,801. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $808
One BR $814
Two BR $1,061
Three BR $1,495
Four BR $1,801
2024 Fair Market Rents in Medford, Minnesota

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

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 16 41 percent
Two BR 16 57 percent
Rental Units Below FMR in Medford, Minnesota

How many affordable rental units are in Medford?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 20
Tracked Units by Federal Program in Medford, Minnesota

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

Income Based Apartments in Medford, Minnesota

Medford features 20 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 Medford, Minnesota

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

Housing Choice Vouchers in Medford, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Medford, Minnesota for a two-bedroom apartment is between $955 and $1,167.

Sourced from federal housing data and AffordableHousingOnline.com research.