River South Apartments

501 River Rd, Grand Rapids, MN 55744

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
$25 - 955 per Month^†	1 - 2 Beds	1 Bath	599 - 860 Sq Ft

Call (218) 326-5363 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Looking for greenery, gardens and scenic walking paths? Look no further than the River South Apartments! Tucked away in Grand Rapids and offering spacious 1 and 2 bedroom homes and giving you the peace and quiet you deserve, River South is a revolution in affordable living. With an outdoor picnic area, barbecue grills, and cable and internet hook-ups, River South is sure to please! Veteran's Park and the Mississippi River are just a stone's throw away, and did we mention all utilities are included at this community? Call today to find out how you can make River South your new home!

Dave's Thoughts On River South Apartments

This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means River South Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.

~ Dave Layfield, Founder of Affordable Housing Online

River South Apartments Amenities

Controlled Access
BBQ and Picnic Area
On-Site Manager
Close to Downtown District
Close to Shopping
Cable Ready
Scenic View
Laundry Facilities
24 Hour Maintenance
Near Restaurants

Units at River South Apartments

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	599ft²	$25 $745^†
Two Bedroom (2/1)	860ft²	$25 $955^†

Income Qualification for River South Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
30% AMI for PBRA Units	$18,550 / year	$21,200 / year	$24,860 / year	$30,000 / year
50% AMI for LIHTC Units	$30,900 / year	$35,300 / year	$39,700 / year	$44,100 / year
50% AMI for PBRA Units	$30,900 / year	$35,300 / year	$39,700 / year	$44,100 / year
80% AMI for PBRA Units	$49,400 / year	$56,450 / year	$63,500 / year	$70,550 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for River South Apartments

Does River South Apartments have a waiting list?

River South Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at River South Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges River South Apartments?

River South Apartments is managed by Thies & Talle Management headquartered in Chanhassen, Minnesota.

In addition to River South Apartments, how many other affordable housing properties (and units) are there in Grand Rapids?

In addition to River South Apartments, we list 14 other affordable properties in Grand Rapids. Learn about these properties here. Our data research shows that there are a total of 572 affordable units in Grand Rapids.