; Low Income Apartments For Rent in Braham, MN

Apply to Braham Apartment Waiting Lists

Braham Square Townhomes

507 3rd St SW
Braham, Minnesota
Rent Assisted
2-3 BR

Braham Meadows

106 and 108 NW 5th St
Braham, Minnesota

Braham Heights

204 5th St SW
Braham, Minnesota
Rent Assisted
2 BR

Park Manor

409 Central Dr W
Braham, Minnesota
Public Housing
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There are 0 low-income apartments in Braham that offer reduced rents to eligible households. Low-income rents in Braham, Minnesota can range from $495 to $770 depending on the number of bedrooms.

Rental assistance programs support 104 low-income homes in Braham where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on April 27th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Braham, 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.

Housing Authority Programs
Housing and Redevelopment Authority of Braham Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Braham.

Braham, Minnesota Affordable Housing Data

Income Based Apartments in Braham, Minnesota

Braham features 104 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 Braham, Minnesota

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

Housing Choice Vouchers in Braham, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Braham, Minnesota for a two-bedroom apartment is between $1,269 and $1,551.

2023 Braham, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Braham, Minnesota Fair Market Rent $1,007 $1,149 $1,410 $1,916 $2,209
Braham, Minnesota Payment Standard Range $906 to $1,108 $1,034 to $1,264 $1,269 to $1,551 $1,724 to $2,108 $1,988 to $2,430

Sourced from federal housing data and AffordableHousingOnline.com research.

Braham, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 104
Total Housing Units with Rental Assistance 104
Percentage of Housing Units Occupied By Renters 38.6%
Average Renter Household Size 2.73
Average Household Size 2.74
Median Household Income $39,868 ±$7,413
Median Rent $665 ±$251
Percentage Of Renters Overburdened 50.18% ± 13.48pp
Total Population 1,944

Population and Household Demographics

Braham is a city in Isanti County, Minnesota with a population of 1,944. There are 702 households in the city with an average household size of 2.74 persons. 38.6% of households in Braham are renters.

Income and Rent Overburden in Braham

The median gross income for households in Braham is $39,868 a year, or $3,322 a month. The median rent for the city is $665 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Braham, a household making less than $2,217 a month would be considered overburdened when renting an apartment at or above the median rent. 50.18% of households who rent are overburdened in Braham.

Area Median Income In Braham

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Braham, the AMI is calculated from all households within Isanti County.

In Braham, HUD calculates the Area Median Income for a family of four as $124,900

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 Braham

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 HUD Rental Assistance in Braham

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Braham AMI may qualify for rental assistance programs that target Extremely Low Income households.
$26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Braham AMI may qualify for rental assistance programs that target Very Low Income households.
$43,500 $49,700 $55,900 $62,100 $67,100 $72,050 $77,050 $82,000
80% AMI Income Limits
Renters earning up to 80% of the Braham AMI may qualify for rental assistance programs that target Low Income households.
$66,300 $75,750 $85,200 $94,650 $102,250 $109,800 $117,400 $124,950