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

Discover affordable housing in Madelia where there are 4+ 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.

Hartshorn Manor

23 Benzel Ave NW, Madelia, Minnesota 56062

Parkview Apartments

606 Dill Ave SW, Madelia, Minnesota 56062

Twin Oaks Apartments

509 E Main St, Madelia, Minnesota 56062

Gem Apartments

412 E Main St, Madelia, Minnesota 56062

calendar_today Opened: Jun 6
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

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

What HUD offices serve Madelia, 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) programs for Madelia, Minnesota.

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

How many renters live in Madelia, Minnesota?

The City of Madelia has 2,352 people living in 827 households.

There are 455 renters living in 227 renter households in this City. Renters make up 19.35 percent of the population living in Madelia.

What is the rental market like in Madelia, Minnesota?

There are an estimated 931 housing units in the Madelia area. Of these, 258 units are rental homes, making up 28 percent of the housing market. For every renter household in Madelia, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Madelia?

The rental vacancy rate in Madelia is 12 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 Madelia for each bedroom size?

Occupied Rental Units by Size in Madelia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 53 136 11 24
Occupied Rental Units by Size in Madelia

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

Among renter households in this market, 33 percent have housing cost burden. Further, 8 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 Madelia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $806
Two BR $905
Three BR $1,275
Four BR $1,324
2024 Fair Market Rents in Madelia, Minnesota

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

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
One BR 43 81 percent
Two BR 107 79 percent
Rental Units Below FMR in Madelia, Minnesota

How many affordable rental units are in Madelia?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Madelia, Minnesota

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

Income Based Apartments in Madelia, Minnesota

Madelia features 56 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 Madelia, Minnesota

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madelia.

Housing Choice Vouchers in Madelia, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.