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

Discover affordable housing in Canby where there are 3+ 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.

Twin Woods Apartments

1202 Haarfager Ave N, Canby, Minnesota 56220

Lebens Raum

414 2nd Street West, Canby, Minnesota

Valley View Apartments

102 Division St E, Canby, Minnesota 56220

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

How many renters live in Canby, Minnesota?

The City of Canby has 1,479 people living in 680 households.

There are 194 renters living in 132 renter households in this City. Renters make up 13.12 percent of the population living in Canby.

What is the rental market like in Canby, Minnesota?

There are an estimated 799 housing units in the Canby area. Of these, 164 units are rental homes, making up 21 percent of the housing market. For every renter household in Canby, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Canby?

The rental vacancy rate in Canby is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Canby for each bedroom size?

Occupied Rental Units by Size in Canby
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 38 64 25 0
Occupied Rental Units by Size in Canby

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

Among renter households in this market, 27 percent have housing cost burden. Further, 17 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 Canby

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,094
Four BR $1,205
2024 Fair Market Rents in Canby, Minnesota

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

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
One BR 26 68 percent
Two BR 50 78 percent
Rental Units Below FMR in Canby, Minnesota

How many affordable rental units are in Canby?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 50
Tracked Units by Federal Program in Canby, Minnesota

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

Income Based Apartments in Canby, Minnesota

Canby features 50 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 Canby, Minnesota

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

Housing Choice Vouchers in Canby, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.