Low Income Apartments and Affordable Housing For Rent in Freeborn County, MN

Discover affordable housing in Freeborn County where there are 14+ 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.

Northbridge Apartments

802 Troy Rd, Albert Lea, Minnesota 56007

Trailside Apartments

204 E Front St, Albert Lea, Minnesota 56007

Senior Court Apartments

915 Maplehill Dr, Albert Lea, Minnesota 56007

Senior Tower Apartments

905 Maplehill Dr, Albert Lea, Minnesota 56007

North Grove Apartments

100 1st Ave Ne, Clarks Grove, Minnesota 56016

Hi-View Apartments

201 Amsterdam, Hollandale, Minnesota 56045

Albert Lea Senior Housing

608 S Washington Ave, Albert Lea, Minnesota 56007

Lofts at Lea Center

139 E William St, Albert Lea, Minnesota 56007

Trailside Apartments and Townhomes

204 E Front St, Albert Lea, Minnesota 56007

Pickerel Park

1825 W 9th St, Albert Lea, Minnesota 56007

Gray Gables Apartments

1912 Bridge Ave, Albert Lea, Minnesota 56007

Shadey Oakes

800 S 4th Ave, Albert Lea, Minnesota 56007

Glenville Apartments

321 5th St SE, Glenville, Minnesota 56036

Scattered

2325 Margaretha Ave, Albert Lea, Minnesota 56007

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Freeborn County, Minnesota
$18.41/hour
$9.56 (+108%) more than Minnesota minimum wage and $11.16 (+154%) more than the Federal minimum wage.
Learn More About Freeborn County, Minnesota Affordable Housing ↓

How many renters live in Freeborn County, Minnesota?

The County of Freeborn County has 30,857 people living in 12,890 households.

There are 5,939 renters living in 2,790 renter households in this County. Renters make up 19.25 percent of the population living in Freeborn County.

What is the rental market like in Freeborn County, Minnesota?

There are an estimated 14,150 housing units in the Freeborn County area. Of these, 3,012 units are rental homes, making up 21 percent of the housing market. For every renter household in Freeborn County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Freeborn County?

The rental vacancy rate in Freeborn County is 6 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 Freeborn County for each bedroom size?

Occupied Rental Units by Size in Freeborn County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
113 779 1,094 601 187
Occupied Rental Units by Size in Freeborn County

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

Among renter households in this market, 38 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 Freeborn County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $659 to $1,402. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $659
One BR $740
Two BR $972
Three BR $1,239
Four BR $1,402
2024 Fair Market Rents in Freeborn County, Minnesota

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

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 53 47 percent
One BR 575 74 percent
Two BR 742 68 percent
Rental Units Below FMR in Freeborn County, Minnesota

How many affordable rental units are in Freeborn County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 260
Public Housing 176
Section 8 Project-Based Rental Assistance 274
Section 202 Supportive Housing for the Elderly 22
USDA Section 515 Rural Rental Housing 86
Tracked Units by Federal Program in Freeborn County, Minnesota

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

Income Based Apartments in Freeborn County, Minnesota

Freeborn County features 627 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 Freeborn County, Minnesota

There are 106 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freeborn County.

Housing Choice Vouchers in Freeborn County, Minnesota

On average, Section 8 Housing Choice vouchers pay Freeborn County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Freeborn County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.