Low Income Apartments and Affordable Housing For Rent in Cottage Grove, MN

Discover affordable housing in Cottage Grove where there are 4+ 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.

Woodmount Townhouses

8801 90th Street South, Cottage Grove, Minnesota 55016

The Groves Apartments

7752 Hemingway Ave S, Cottage Grove, Minnesota 55016

The Legends of Cottage Grove 55+ Apartments

6999 E. Point Douglas Road, South, Cottage Grove, Minnesota 55016

Scattered Site

8555 Imperial Ave S, Cottage Grove, Minnesota 55129

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cottage Grove, Minnesota
$30.72/hour
$21.87 (+247%) more than Minnesota minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Cottage Grove, Minnesota Affordable Housing ↓

What HUD offices serve Cottage Grove, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cottage Grove, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cottage Grove, Minnesota.

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

How many renters live in Cottage Grove, Minnesota?

The City of Cottage Grove has 39,274 people living in 13,194 households.

There are 4,169 renters living in 1,570 renter households in this City. Renters make up 10.62 percent of the population living in Cottage Grove.

What is the rental market like in Cottage Grove, Minnesota?

There are an estimated 13,413 housing units in the Cottage Grove area. Of these, 1,608 units are rental homes, making up 12 percent of the housing market. For every renter household in Cottage Grove, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Cottage Grove?

The rental vacancy rate in Cottage Grove is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Cottage Grove for each bedroom size?

Occupied Rental Units by Size in Cottage Grove
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 354 578 372 172
Occupied Rental Units by Size in Cottage Grove

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

Among renter households in this market, 40 percent have housing cost burden. Further, 15 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 Cottage Grove

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Cottage Grove, Minnesota

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

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 7 33 percent
One BR 174 49 percent
Two BR 257 44 percent
Rental Units Below FMR in Cottage Grove, Minnesota

How many affordable rental units are in Cottage Grove?

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

Federal Program Unit Count
Low Income Housing Tax Credit 252
Section 8 Project-Based Rental Assistance 50
Tracked Units by Federal Program in Cottage Grove, Minnesota

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

Income Based Apartments in Cottage Grove, Minnesota

Cottage Grove features 115 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 Cottage Grove, Minnesota

There are 255 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cottage Grove.

Housing Choice Vouchers in Cottage Grove, Minnesota

On average, Section 8 Housing Choice vouchers pay Cottage Grove landlords $3,300 per month towards rent. The average voucher holder contributes $400 towards rent in Cottage Grove.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cottage Grove, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.