Affordable Housing In Cold Spring
Stearns County, Minnesota

Affordable Housing programs support 103 income based apartments in Cold Spring where households pay rent based on how much they earn.

There are 82 affordable apartments in Cold Spring that offer reduced rents to low-income households.

Waiting Lists in Cold Spring, Minnesota

There are no open Section 8 Housing Choice Voucher waiting lists in Cold Spring. Go to the Minnesota Section 8 Waiting Lists page for openings near Cold Spring.

Pine West Complex

200 12th Ave S
Cold Spring, Minnesota
$423-555
1-2 BR
Rent Assisted

Granite Ledge Townhomes

1400 2nd St S
Cold Spring, Minnesota
$730-805
2-3 BR
Affordable

Cottage Court

103 12th Ave S
Cold Spring, Minnesota
Affordable

John Paul Apartments

200 8th Ave N
Cold Spring, Minnesota
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Springhaven Pinewest II

308 12th Ave S
Cold Spring, Minnesota
Affordable
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Affordable Housing Near Cold Spring

View affordable apartments and waiting lists in cities near Cold Spring

City Apartments
Affordable Housing In Albany, MN Affordable Housing programs support 3 apartment communities in Albany.
Affordable Housing In Avon, MN Affordable Housing programs support 2 apartment communities in Avon.
Affordable Housing In Belgrade, MN Affordable Housing programs support 2 apartment communities in Belgrade.
Affordable Housing In Freeport, MN Affordable Housing programs support 1 apartment communities in Freeport.
Affordable Housing In Holdingford, MN Affordable Housing programs support 2 apartment communities in Holdingford.
Affordable Housing In Melrose, MN Affordable Housing programs support 4 apartment communities in Melrose.
Affordable Housing In Paynesville, MN Affordable Housing programs support 2 apartment communities in Paynesville.
Affordable Housing In Raymond, MN Affordable Housing programs support 1 apartment communities in Raymond.
Affordable Housing In Richmond, MN Affordable Housing programs support 2 apartment communities in Richmond.
Affordable Housing In Saint Cloud, MN Affordable Housing programs support 32 apartment communities in Saint Cloud.
Affordable Housing In Sartell, MN Affordable Housing programs support 4 apartment communities in Sartell.
Affordable Housing In Sauk Centre, MN Affordable Housing programs support 6 apartment communities in Sauk Centre.
Affordable Housing In St Joseph, MN Affordable Housing programs support 3 apartment communities in St Joseph.
Affordable Housing In St Martin, MN Affordable Housing programs support 1 apartment communities in St Martin.
Affordable Housing In St. Cloud, MN Affordable Housing programs support 1 apartment communities in St. Cloud.
Affordable Housing In Waite Park, MN Affordable Housing programs support 1 apartment communities in Waite Park.

Public Housing Agencies Serving Cold Spring, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Stearns County HRA Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Cold Spring.

Cold Spring, Minnesota Affordable Housing Data

Income Based Apartments in Cold Spring, Minnesota

Cold Spring features 103 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 Cold Spring, Minnesota

There are 82 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cold Spring.

Housing Choice Vouchers in Cold Spring, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cold Spring, Minnesota for a two-bedroom apartment is between $875 and $1,069.

2023 Cold Spring, 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
Cold Spring, Minnesota Fair Market Rent $754 $781 $972 $1,309 $1,552
Cold Spring, Minnesota Payment Standard Range $679 to $829 $703 to $859 $875 to $1,069 $1,178 to $1,440 $1,397 to $1,707

Sourced from federal housing data and AffordableHousingOnline.com research.

Cold Spring, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 185
Total Housing Units with Rental Assistance 103
Percentage of Housing Units Occupied By Renters 23.51%
Average Renter Household Size 1.53
Average Household Size 2.39
Median Household Income $54,274 ±$11,341
Median Rent $640 ±$186
Percentage Of Renters Overburdened 50.65% ± 18.33pp
Total Population 4,034

Population and Household Demographics

Cold Spring is a city in Stearns County, Minnesota with a population of 4,034. There are 1,646 households in the city with an average household size of 2.39 persons. 23.51% of households in Cold Spring are renters.

Income and Rent Overburden in Cold Spring

The median gross income for households in Cold Spring is $54,274 a year, or $4,523 a month. The median rent for the city is $640 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cold Spring, a household making less than $2,133 a month would be considered overburdened when renting an apartment at or above the median rent. 50.65% of households who rent are overburdened in Cold Spring.

Area Median Income In Cold Spring

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 Cold Spring, the AMI is calculated from all households within Stearns County.

In Cold Spring, HUD calculates the Area Median Income for a family of four as $88,500

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 Cold Spring

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 Cold Spring

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 Cold Spring AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,550 $21,200 $23,850 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Cold Spring AMI may qualify for rental assistance programs that target Very Low Income households.
$30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
80% AMI Income Limits
Renters earning up to 80% of the Cold Spring AMI may qualify for rental assistance programs that target Low Income households.
$49,500 $56,550 $63,600 $70,650 $76,350 $82,000 $87,650 $93,300