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

Discover affordable housing in Porter 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.

Countryside Manor

220 South Prairie Avenue, Porter, Minnesota

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

How many renters live in Porter, Minnesota?

The City of Porter has 185 people living in 87 households.

There are 53 renters living in 34 renter households in this City. Renters make up 28.65 percent of the population living in Porter.

What is the rental market like in Porter, Minnesota?

There are an estimated 109 housing units in the Porter area. Of these, 38 units are rental homes, making up 35 percent of the housing market. For every renter household in Porter, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Porter?

The rental vacancy rate in Porter is 11 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 Porter for each bedroom size?

Occupied Rental Units by Size in Porter
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 9 2 10
Occupied Rental Units by Size in Porter

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

Among renter households in this market, 29 percent have housing cost burden. Further, 12 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 Porter

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,094
Four BR $1,205
2024 Fair Market Rents in Porter, Minnesota

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

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 13 100 percent
Two BR 6 67 percent
Rental Units Below FMR in Porter, Minnesota

How many affordable rental units are in Porter?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Porter, Minnesota

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

Income Based Apartments in Porter, Minnesota

Porter features 12 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 Porter, Minnesota

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

Housing Choice Vouchers in Porter, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.