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

Discover affordable housing in Hector 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.

Eastgate Apartments

301 2nd St E, Hector, Minnesota 55342

Centre Point Poplar Ridge

200 2nd St W, Hector, Minnesota 55342

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hector, Minnesota
$17.14/hour
$8.29 (+94%) more than Minnesota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Hector, Minnesota Affordable Housing ↓

What HUD offices serve Hector, 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 Hector, Minnesota.

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

How many renters live in Hector, Minnesota?

The City of Hector has 1,127 people living in 424 households.

There are 169 renters living in 99 renter households in this City. Renters make up 15 percent of the population living in Hector.

What is the rental market like in Hector, Minnesota?

There are an estimated 516 housing units in the Hector area. Of these, 127 units are rental homes, making up 25 percent of the housing market. For every renter household in Hector, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Hector?

The rental vacancy rate in Hector is 22 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 Hector for each bedroom size?

Occupied Rental Units by Size in Hector
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 3 54 14 5
Occupied Rental Units by Size in Hector

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

Among renter households in this market, 39 percent have housing cost burden. Further, 28 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 Hector

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $738
One BR $742
Two BR $905
Three BR $1,275
Four BR $1,488
2024 Fair Market Rents in Hector, Minnesota

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

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 6 26 percent
One BR 0 100 percent
Two BR 24 44 percent
Rental Units Below FMR in Hector, Minnesota

How many affordable rental units are in Hector?

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

Federal Program Unit Count
Section 811 Supportive Housing for Persons with Disabilities 1
Tracked Units by Federal Program in Hector, Minnesota

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

Income Based Apartments in Hector, Minnesota

Hector features 24 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 Hector, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hector.

Housing Choice Vouchers in Hector, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hector, Minnesota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.