Affordable Housing Online - Logo

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

Discover affordable housing in Minnetonka where there are 13+ 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.

Image of The Chase at Nine Mile Creek

The Chase at Nine Mile Creek

1289 Grand Avenue, Minnetonka, Minnesota 55343

bed 1-2
Image of Cedar Hills Townhomes

Cedar Hills Townhomes

10800 Cedar Bnd, Minnetonka, Minnesota 55305

switch_access_shortcut Short Wait
payment Income Based
Image of The Ridge Apartments

The Ridge Apartments

12720 Wayzata Blvd, Minnetonka, Minnesota 55305

bed 1-3
payment $1120-1543/mo.
Image of Boulevard Gardens

Boulevard Gardens

11333 Fairfield Rd W, Minnetonka, Minnesota 55305

switch_access_shortcut Short Wait
elderly Senior
payment Income Based
Image of Glen Lake Landing

Glen Lake Landing

5416 Beacon Hill Rd, Minnetonka, Minnesota 55345

switch_access_shortcut Short Wait
payment Income Based
Image of Minnetonka Heights

Minnetonka Heights

5809 S. County Road 101, Minnetonka, Minnesota 55345

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
Image of Preserve at Shady Oak

Preserve at Shady Oak

10987 Bren Road East, Minnetonka, Minnesota 55343

bed 1-3
Image of Elmbrooke

Elmbrooke

5400 Smetana Dr, Minnetonka, Minnesota 55343

bed 2-3
switch_access_shortcut Short Wait
payment Income Based
Image of Crown Ridge Apartments

Crown Ridge Apartments

11367 Fairfield Rd W, Minnetonka, Minnesota 55305

bed 1-3
Image of Minnetonka Mills Townhomes

Minnetonka Mills Townhomes

11390 Minnetonka Mills Rd, Minnetonka, Minnesota 55305

Image of Hunters Ridge

Hunters Ridge

19000 Stratford Rd, Minnetonka, Minnesota 55345

payment Income Based
Image of Hennepin County - Cnsrt

Hennepin County - Cnsrt

11201 Fairfield Rd W, Minnetonka, Minnesota 55305

Image of Hennepin County - Cnsrt

Hennepin County - Cnsrt

11404 Minnetonka Mills Rd, Minnetonka, Minnesota 55305

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Minnetonka, Minnesota

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Minnetonka, 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 Minnetonka, Minnesota Affordable Housing ↓

What HUD offices serve Minnetonka, 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.

Metropolitan Council Housing and Redevelopment Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Minnetonka, Minnesota.
Mental Health Resources
Operates the Section 8 Housing Choice Voucher (HCV) programs for Minnetonka, Minnesota.

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

How many renters live in Minnetonka, Minnesota?

The City of Minnetonka has people living in households.

There are renters living in renter households in this City. Renters make up 22.38 percent of the population living in Minnetonka.

What is the rental market like in Minnetonka, Minnesota?

There are an estimated housing units in the Minnetonka area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Minnetonka, Minnesota, there are 1.08 rental units.

What is the vacancy rate for rentals in Minnetonka?

The rental vacancy rate in Minnetonka is 7 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 Minnetonka for each bedroom size?

Occupied Rental Units by Size in Minnetonka
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
183 2,589 2,885 655 71
Occupied Rental Units by Size in Minnetonka

A large number of apartments in Minnetonka have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Minnetonka

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 Minnetonka, Minnesota

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

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 51 28 percent
One BR 922 36 percent
Two BR 741 26 percent
Rental Units Below FMR in Minnetonka, Minnesota

How many affordable rental units are in Minnetonka?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Minnetonka, Minnesota

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

Income Based Apartments in Minnetonka, Minnesota

Minnetonka features 514 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 Minnetonka, Minnesota

There are 566 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Minnetonka.

Housing Choice Vouchers in Minnetonka, Minnesota

On average, Section 8 Housing Choice vouchers pay Minnetonka landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Minnetonka.

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

Sourced from federal housing data and AffordableHousingOnline.com research.