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

Discover affordable housing in Cook where there are 2+ 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.

Royal Oaks

401 2nd Ave, Cook, Minnesota 0

Pioneer Bldg and Ss Duplexes

111 5th St SE, Cook, Minnesota 55723

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cook, Minnesota
$21.08/hour
$12.23 (+138%) more than Minnesota minimum wage and $13.83 (+191%) more than the Federal minimum wage.
Learn More About Cook, Minnesota Affordable Housing ↓

What HUD offices serve Cook, 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 Public Housing programs for Cook, Minnesota.

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

How many renters live in Cook, Minnesota?

The City of Cook has 459 people living in 263 households.

There are 104 renters living in 74 renter households in this City. Renters make up 22.66 percent of the population living in Cook.

What is the rental market like in Cook, Minnesota?

There are an estimated 294 housing units in the Cook area. Of these, 80 units are rental homes, making up 27 percent of the housing market. For every renter household in Cook, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Cook?

The rental vacancy rate in Cook is 8 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 Cook for each bedroom size?

Occupied Rental Units by Size in Cook
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 36 19 10 2
Occupied Rental Units by Size in Cook

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

Among renter households in this market, 62 percent have housing cost burden. Further, 35 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 Cook

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $762 to $1,889. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $762
One BR $868
Two BR $1,113
Three BR $1,485
Four BR $1,889
2024 Fair Market Rents in Cook, Minnesota

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

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 0 100 percent
One BR 28 78 percent
Two BR 1 5 percent
Rental Units Below FMR in Cook, Minnesota

How many affordable rental units are in Cook?

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

Federal Program Unit Count
Public Housing 60
Tracked Units by Federal Program in Cook, Minnesota

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

Income Based Apartments in Cook, Minnesota

Cook features 60 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 Cook, Minnesota

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cook.

Housing Choice Vouchers in Cook, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cook, Minnesota for a two-bedroom apartment is between $1,002 and $1,224.

Sourced from federal housing data and AffordableHousingOnline.com research.