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

Discover affordable housing in Melrose 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.

Rose Mill Apartments Llc

407 5th St NE, Melrose, Minnesota 56352

bed 2

Park Place Townhomes

329 North 7th Avenue West, Melrose, Minnesota 56352

bed 2-3
payment $650-725/mo.

Oak Ridge Manor

20 9th Ave NE, Melrose, Minnesota 56352

bed 1-2
payment $620-723/mo.

Roseview Manor

16 W 1st St S, Melrose, Minnesota 56352

How To Identify Affordable Housing in Melrose, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Melrose, Minnesota
$13.03 (+147%) more than Minnesota minimum wage and $14.63 (+202%) more than the Federal minimum wage.
Learn More About Melrose, Minnesota Affordable Housing ↓

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

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

How many renters live in Melrose, Minnesota?

The City of Melrose has people living in households.

There are renters living in renter households in this City. Renters make up 19.02 percent of the population living in Melrose.

What is the rental market like in Melrose, Minnesota?

There are an estimated housing units in the Melrose area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Melrose, Minnesota, there are 1.16 rental units.

What is the vacancy rate for rentals in Melrose?

The rental vacancy rate in Melrose is 14 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 Melrose for each bedroom size?

Occupied Rental Units by Size in Melrose
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
34 156 134 46 38
Occupied Rental Units by Size in Melrose

A large number of apartments in Melrose 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 Melrose

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $877 to $1,820. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $877
One BR $906
Two BR $1,155
Three BR $1,531
Four BR $1,820
2024 Fair Market Rents in Melrose, Minnesota

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

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 0 100 percent
One BR 145 93 percent
Two BR 78 58 percent
Rental Units Below FMR in Melrose, Minnesota

How many affordable rental units are in Melrose?

There are a variety of federal affordable housing programs serving households in Melrose, 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 Melrose, Minnesota

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

Income Based Apartments in Melrose, Minnesota

Melrose features 71 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 Melrose, Minnesota

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

Housing Choice Vouchers in Melrose, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Melrose, Minnesota for a two-bedroom apartment is between $1,040 and $1,271.

Sourced from federal housing data and AffordableHousingOnline.com research.