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

Discover affordable housing in Sandstone where there are 4+ 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.

Kettle River Townhomes

401 Old Military Rd S, Sandstone, Minnesota 55072

Sandstone Square Apartments

231 Minnesota St, Sandstone, Minnesota 55072

Sandy Pines Apartments

709 Old Military Rd S, Sandstone, Minnesota 55072

Pine County Housing

510 5th St, Sandstone, Minnesota 55072

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sandstone, Minnesota
$21.70/hour
$12.85 (+145%) more than Minnesota minimum wage and $14.45 (+199%) more than the Federal minimum wage.
Learn More About Sandstone, Minnesota Affordable Housing ↓

How many renters live in Sandstone, Minnesota?

The City of Sandstone has 2,566 people living in 661 households.

There are 717 renters living in 302 renter households in this City. Renters make up 27.94 percent of the population living in Sandstone.

What is the rental market like in Sandstone, Minnesota?

There are an estimated 724 housing units in the Sandstone area. Of these, 302 units are rental homes, making up 42 percent of the housing market. For every renter household in Sandstone, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Sandstone?

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

Occupied Rental Units by Size in Sandstone
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 67 150 61 12
Occupied Rental Units by Size in Sandstone

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

Among renter households in this market, 37 percent have housing cost burden. Further, 24 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 Sandstone

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $866 to $1,551. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $866
One BR $872
Two BR $1,146
Three BR $1,393
Four BR $1,551
2024 Fair Market Rents in Sandstone, Minnesota

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

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 4 44 percent
One BR 40 60 percent
Two BR 88 59 percent
Rental Units Below FMR in Sandstone, Minnesota

How many affordable rental units are in Sandstone?

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

Federal Program Unit Count
Low Income Housing Tax Credit 27
Section 8 Project-Based Rental Assistance 75
USDA Section 515 Rural Rental Housing 27
Tracked Units by Federal Program in Sandstone, Minnesota

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

Income Based Apartments in Sandstone, Minnesota

Sandstone features 97 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 Sandstone, Minnesota

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

Housing Choice Vouchers in Sandstone, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sandstone, Minnesota for a two-bedroom apartment is between $1,031 and $1,261.

Sourced from federal housing data and AffordableHousingOnline.com research.