Affordable Housing In Benton County

14 Low Income Apartment Communities In Benton County

Gilmanor Apartments

10475 Golden Spike Rd
Gilman, MN
1-2 BR

Dewey Place

455 Dewey St
Foley, MN
Income Based
1-2 BR

Foley Square Apartments

153 4th Ave S
Foley, MN
1-2 BR

Catherine Square Apartments

111 4th Ave S
Foley, MN
1-3 BR
HCV Welcome

Russell Arms Apartments

315 Division St
Sauk Rapids, MN
Call For Rent
1 BR

Pine Street Apartments

280 Pine St
Foley, MN
Call For Rent
1-3 BR
HCV Welcome

Shepherd Oak West Good Shepherd Luth Hm

220 13th St N
Sauk Rapids, MN
Elderly Supportive Housing

Good Shepherd Homes

1211 4th Ave N
Sauk Rapids, MN
Elderly Supportive Housing

Shepherd Oak Apartments

310 13th St N
Sauk Rapids, MN
Elderly Supportive Housing

North Meadows Apartments - - Sauk Rapids

1215 2nd Ave N
Sauk Rapids, MN

Guide To Affordable Housing in Benton County, Minnesota

There are 14 low income housing apartment communities offering 515 affordable apartments for rent in Benton County, Minnesota. Benton County features 309 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 206 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Benton County.

Sourced from federal housing data and research.

Benton County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 515
Total Housing Units with Rental Assistance 309
Percentage of Housing Units Occupied By Renters 29.74%
Average Renter Household Size 2.00
Average Household Size 2.45
Median Household Income $52,178 ±$2,429
Median Rent $648 ±$21
Percentage Of Renters Overburdened 49.47% ± 6.01pp
Total Population 39,221

Population and Household Demographics

Benton County is a County in Minnesota with a population of 39,221. There are 15,632 households in the county with an average household size of 2.45 persons. 29.74% of households in Benton County are renters.

Income and Rent Overburden in Benton County

The median gross income for households in Benton County is $52,178 a year, or $4,348 a month. The median rent for the county is $648 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benton County, a household making less than $2,160 a month would be considered overburdened when renting an apartment at or above the median rent. 49.47% of households who rent are overburdened in Benton County.1

Area Median Income In Benton County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Benton County, HUD calculates the Area Median Income for a family of four as $76,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Benton County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Benton County HUD Rental Assistance in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600
Low Income Housing Tax Credits in Benton County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 26 low income apartment communities containing 906 rental apartments have been constructed and made affordable to low income persons in Benton County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
60% of Median $32,100 $36,660 $41,220 $45,780 $49,500 $53,160 $56,820 $60,480

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Benton County is $41,220 a year, or $3,435 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,435 by 30% to get a maximum rent of $1,031 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $669 $716 $859 $993 $1,108 $1,222
60% $803 $860 $1,031 $1,191 $1,329 $1,466
Fair Market Rents in Benton County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$605 $657 $804 $1,151 $1,370

Cities In Benton County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Foley 5
Sauk Rapids 8
Royalton 0
Rice 0
Gilman 1
Alberta 0
Gilmanton 0
Glendorado 0
Graham 0
Granite Ledge 0
Langola 0
Mayhew Lake 0
Maywood 0
Minden 0
Ronneby 0
St. George 0
Sauk Rapidsship 0
Watab 0
Saint Cloud 30 The HUD funded Public Housing Agency that serves Saint Cloud is the St. Cloud Housing and Redevelopment Authority.