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Sibley Park Apartments

410 Sibley Pkwy, Mankato, Minnesota 56001

 Sibley Park Apartments has unique bi-level, as well as single level apartments. An elevator, lounge and on-site laundry are also included at this Energy Star - Green Community. This comunity offers 1, 2, and 3 bedroom apartments. An application fee of $25 per adult plus a $500 security deposit is due with your application.

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Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 705-1,045 From $660 To $680
2 Bedroom (2/1) 1,064-1,240 From $740 To $820
3 Bedroom (3/2) 1,431-1,649 From $890 To $1,005

Sibley Park Apartments Details

  • 60 0, 0 and 0 bedroom units.
  • $25.00 application fee
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Fitness Center
  • Community Room
  • Garage
  • Landscaping
  • Snow Removal
  • Lawn Care
  • Smoke Free
  • Open Parking
  • Laundry Facility
  • Heat Included
  • On-site Laundry

Unit Amenities

  • Central Air
  • Dishwasher
  • Microwave
  • Refrigerator
  • Sewer Included
  • Water Included
  • Stove

Nearby Amenities

  • Near Park
  • Near Walking/Riding Trail

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Mankato Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Mankato but actual income limits may differ for units at Sibley Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,650 $33,900 $38,150 $42,350 $45,750 $49,150 $52,550 $55,950
Low Income (60%) $35,580 $40,680 $45,780 $50,820 $54,900 $58,980 $63,060 $67,140

Sibley Park Apartments is managed by Lloyd Management.

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