Low Income Apartments and Affordable Housing For Rent in Waseca County, MN

Discover affordable housing in Waseca County 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.

Wend-Don Apt

1605 4th Street Ne, Waseca, Minnesota 56093

Green Leaf Properties

204 19th Avenue Ne, Waseca, Minnesota 56093

Northridge Plaza

300 15th Ave NE, Waseca, Minnesota 56093

Normandy Apartments

208 14th Ave NE, Waseca, Minnesota 56093

Summit on Second

1301 2nd St NW, Waseca, Minnesota 56093

Janesville

106 E North St, Janesville, Minnesota 56048

Royal Villa Apartments

221 1st St NE, New Richland, Minnesota 56072

Maple Terrace

308 2nd Ave NW, Waseca, Minnesota 56093

Charter Oaks Townhouses

221 Lake St NW, Waseca, Minnesota 56093

B&r Apartments

108 14th Avenue Ne, Waseca, Minnesota

Country Garden Apt

21 Blashack Street, Waldorf, Minnesota

North State Apt

116 14th Ave Nw, Waseca, Minnesota

Parkview Estates

421 Johnson Ave SW, Waseca, Minnesota 56093

calendar_today Opened: Jun 6
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

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

What HUD offices serve Waseca County, 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) programs for Waseca County, Minnesota.

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

How many renters live in Waseca County, Minnesota?

The County of Waseca County has 18,953 people living in 7,493 households.

There are 2,838 renters living in 1,393 renter households in this County. Renters make up 14.97 percent of the population living in Waseca County.

What is the rental market like in Waseca County, Minnesota?

There are an estimated 7,899 housing units in the Waseca County area. Of these, 1,478 units are rental homes, making up 19 percent of the housing market. For every renter household in Waseca County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Waseca County?

The rental vacancy rate in Waseca County is 6 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 Waseca County for each bedroom size?

Occupied Rental Units by Size in Waseca County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
116 227 601 316 118
Occupied Rental Units by Size in Waseca County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 21 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 Waseca County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,449. 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 $1,275
Four BR $1,449
2024 Fair Market Rents in Waseca County, Minnesota

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

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 30 26 percent
One BR 191 84 percent
Two BR 345 57 percent
Rental Units Below FMR in Waseca County, Minnesota

How many affordable rental units are in Waseca County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 109
Public Housing 128
Section 8 Project-Based Rental Assistance 85
USDA Section 515 Rural Rental Housing 123
Tracked Units by Federal Program in Waseca County, Minnesota

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

Income Based Apartments in Waseca County, Minnesota

Waseca County features 347 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 Waseca County, Minnesota

There are 71 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waseca County.

Housing Choice Vouchers in Waseca County, Minnesota

On average, Section 8 Housing Choice vouchers pay Waseca County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Waseca County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.