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

Discover affordable housing in Lyon County where there are 15+ 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.

Ghent Housing Apartments

211 N Chapman St, Ghent, Minnesota 56239

Paris Park Townhomes

100 Paris Rd, Marshall, Minnesota 56258

Circle Pine Apartments

102 2nd Ave W, Balaton, Minnesota 56115

Tracy Area Housing

465 Harvey St, Tracy, Minnesota 56175

Halter Villa II

1404 Peterson St, Marshall, Minnesota 56258

Halter Villa III

501 Jewett St, Marshall, Minnesota 56258

West Mar Apartments

1002 Pearl Ave, Marshall, Minnesota 56258

092021ni - - Rc Square

1112 Birch St, Marshall, Minnesota 56258

River Winds Aka Asi - Marshall

303 Jewett St, Marshall, Minnesota 56258

Marshall Square Apartments

400 Jewett St, Marshall, Minnesota 56258

Twin Circle Apartments

760 Morgan St, Tracy, Minnesota 56175

Parkview Apartments

202 N 1st St, Marshall, Minnesota 56258

Cityside Townhomes

1412 S 4th St, Marshall, Minnesota 56258

Lyon County Retirement Home

200 S 4th St, Marshall, Minnesota 56258

Circle Pines Apt (Balaton)

104 2nd Avenue W, Balaton, Minnesota

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Lyon County, 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 Lyon County, Minnesota.

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

How many renters live in Lyon County, Minnesota?

The County of Lyon County has 25,352 people living in 9,924 households.

There are 6,337 renters living in 2,970 renter households in this County. Renters make up 25 percent of the population living in Lyon County.

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

There are an estimated 11,188 housing units in the Lyon County area. Of these, 3,274 units are rental homes, making up 29 percent of the housing market. For every renter household in Lyon County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Lyon County?

The rental vacancy rate in Lyon County is 8 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 Lyon County for each bedroom size?

Occupied Rental Units by Size in Lyon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
39 748 1,286 568 166
Occupied Rental Units by Size in Lyon County

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

Among renter households in this market, 43 percent have housing cost burden. Further, 18 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 Lyon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,514. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $715
Two BR $905
Three BR $1,275
Four BR $1,514
2024 Fair Market Rents in Lyon County, Minnesota

How many units are rented at Fair Market Rent (FMR) in Lyon 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 15 38 percent
One BR 518 69 percent
Two BR 973 76 percent
Rental Units Below FMR in Lyon County, Minnesota

How many affordable rental units are in Lyon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 201
Public Housing 243
Section 8 Project-Based Rental Assistance 168
Section 236 Rental Assistance 23
Section 811 Supportive Housing for Persons with Disabilities 24
USDA Section 515 Rural Rental Housing 197
Tracked Units by Federal Program in Lyon County, Minnesota

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

Income Based Apartments in Lyon County, Minnesota

Lyon County features 567 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 Lyon County, Minnesota

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyon County.

Housing Choice Vouchers in Lyon County, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.