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

Discover affordable housing in Woodbury 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.

The Legends of Woodbury 55+ Apartments

570-Settlers Ridge Parkway, Woodbury, Minnesota 55129

The Glen at Valley Creek

7995 Afton Rd, Woodbury, Minnesota 55125

Pondview Townhomes

435 Woodduck Pl, Woodbury, Minnesota 55125

Wc - Lakeside Townhomes

10381 Hudson Rd, Woodbury, Minnesota 55129

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

What HUD offices serve Woodbury, 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), Public Housing programs for Woodbury, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Woodbury, Minnesota.

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

How many renters live in Woodbury, Minnesota?

The City of Woodbury has 78,560 people living in 30,291 households.

There are 15,120 renters living in 7,191 renter households in this City. Renters make up 19.25 percent of the population living in Woodbury.

What is the rental market like in Woodbury, Minnesota?

There are an estimated 28,932 housing units in the Woodbury area. Of these, 5,984 units are rental homes, making up 21 percent of the housing market. For every renter household in Woodbury, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Woodbury?

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

Occupied Rental Units by Size in Woodbury
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
173 1,295 2,821 1,031 285
Occupied Rental Units by Size in Woodbury

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

Among renter households in this market, 42 percent have housing cost burden. Further, 30 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 Woodbury

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 Woodbury, Minnesota

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

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 40 23 percent
One BR 364 28 percent
Two BR 741 26 percent
Rental Units Below FMR in Woodbury, Minnesota

How many affordable rental units are in Woodbury?

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

Federal Program Unit Count
Low Income Housing Tax Credit 446
Public Housing 9
Tracked Units by Federal Program in Woodbury, Minnesota

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

Income Based Apartments in Woodbury, Minnesota

Woodbury features 0 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 Woodbury, Minnesota

There are 330 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodbury.

Housing Choice Vouchers in Woodbury, Minnesota

On average, Section 8 Housing Choice vouchers pay Woodbury landlords $2,600 per month towards rent. The average voucher holder contributes $600 towards rent in Woodbury.

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

Sourced from federal housing data and AffordableHousingOnline.com research.