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

Discover affordable housing in Lakeville where there are 11+ 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.

Lakeville Court

20390 Dodd Blvd, Lakeville, Minnesota 55044

bed 2-3
payment $1541-1776/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Fairfield Terrace

20720 Holt Ave, Lakeville, Minnesota 55044

switch_access_shortcut Short Wait
accessibility Accessible

Meadowlark Family Townhomes

20904 Holiday Ave, Lakeville, Minnesota 55044

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Keystone Crossing Townhomes

20688-20696 Keystone Ave, Lakeville, Minnesota 55044

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Country Lane Townhomes

7754 210th St W, Lakeville, Minnesota 55044

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Lakeville Pointe Apartments

18010 Kenwood Trail, Lakeville, Minnesota 55044

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

SouthFork Townhomes + Flats

17956 Jubilee Way, Lakeville, Minnesota 55044

bed 3
payment $2030/mo.

16132 Joplin Ave

16132 Joplin Ave, Lakeville, Minnesota 55044

bed 3
payment $2100/mo.

Cedar Valley Townhomes

17326 Glacier Way, Lakeville, Minnesota 55044

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Prairie Crossing Family Townhomes

20464 Icefall Trl, Lakeville, Minnesota 55044

switch_access_shortcut Short Wait
accessibility Accessible

Hemlock

17150 Hemlock Ct, Lakeville, Minnesota 55044

How To Identify Affordable Housing in Lakeville, Minnesota

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Jan 26
Open Until Further Notice
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Reported On August 20th, 2024 by David Layfield

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lakeville, 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 Lakeville, Minnesota Affordable Housing ↓

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

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

How many renters live in Lakeville, Minnesota?

The City of Lakeville has people living in households.

There are renters living in renter households in this City. Renters make up 13.12 percent of the population living in Lakeville.

What is the rental market like in Lakeville, Minnesota?

There are an estimated housing units in the Lakeville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lakeville, Minnesota, there are 0.64 rental units.

What is the vacancy rate for rentals in Lakeville?

The rental vacancy rate in Lakeville is 4 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 Lakeville for each bedroom size?

Occupied Rental Units by Size in Lakeville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
110 728 796 1,121 218
Occupied Rental Units by Size in Lakeville

A large number of apartments in Lakeville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lakeville

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 Lakeville, Minnesota

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

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 6 percent
One BR 441 61 percent
Two BR 375 47 percent
Rental Units Below FMR in Lakeville, Minnesota

How many affordable rental units are in Lakeville?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Lakeville, Minnesota

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

Income Based Apartments in Lakeville, Minnesota

Lakeville features 25 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 Lakeville, Minnesota

There are 276 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakeville.

Housing Choice Vouchers in Lakeville, Minnesota

On average, Section 8 Housing Choice vouchers pay Lakeville landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Lakeville.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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