Minneapolis a city in Hennepin County, Minnesota

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About Affordable Housing In Minneapolis

There are 202 low income housing apartment complexes which contain 22,469 subsidized apartments for rent in Minneapolis, Minnesota. Many of these rental apartments are income based housing with about 4,374 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 3,629 Project-Based Section 8 subsidized apartments in Minneapolis. There are 9,987 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Fair Market Rents are used to establish the payment standards for the Section 8 Housing Choice Voucher Program. In Minneapolis, the fair market rents range from $699 to $1,799. To learn more about rents for low income apartments in Minneapolis read the Fair Market Rents section of the Understanding Affordable Housing in Minneapolis guide.

To qualify for low income housing in Minneapolis a family of four would generally have to earn less than $42,900. For more detailed income qualification information for affordable apartments in Minneapolis read the Income section of the Understanding Affordable Housing in Minneapolis guide.

The HUD funded Public Housing Agency that serves Minneapolis is the Minneapolis Public Housing Authority.

  • The Minneapolis Public Housing Authority Housing Choice Voucher Waiting List is Closed.
  • The Minneapolis Public Housing Authority Public Housing Waiting List is Open Now.
  • The Minneapolis Public Housing Authority Public Housing Waiting List is Open Now.

The Minneapolis Public Housing Authority offers 10 Public Housing complexes containing 7,021 HUD apartments. The rent at these subsidized apartments are always income based. To find a public housing unit, look for the tag in the apartment list below.

Affordable Apartments in Minneapolis

5359 Minnehaha Ave
Vantage Flats is a 37 unit low income housing apartment community that provides 1-3 bedroom apartments for rent in Minneapolis. Rents at Vantage Flats are Income Based.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Minneapolis.
Low Income Housing Tax Credit
951 Lowry Ave NE
Audubon Crossing is a low income housing apartment community that provides 1-3 bedroom apartments for rent in Minneapolis. Rents at Audubon Crossing are $722-1,000.
1421 Yale Place
Booth Manor Salvation Army is a 157 unit low income housing apartment community in Minneapolis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
2415 E 24th St
Matthews Park Coop is a 24 unit low income housing apartment community in Minneapolis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
1350 Nicollet Ave
Nicollet Towers is a 306 unit low income housing apartment community in Minneapolis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance

Housing Authorities that serve Minneapolis

Understanding Affordable Housing in Minneapolis, Minnesota

Minneapolis, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 202
Total Low Income Apartments 22,469
Total Rent Assisted Apartments 4,374
Percentage of Housing Units Occupied By Renters 50.81%
Average Renter Household Size 1.79
Total Population 382,578
Housing Units 163,540
Average Household Size 2.01
Median Household Income $50,767 ±$627
Median Rent $854 ±$10
Percentage Of Renters Overburdened 48.34% ± 1.27pp

Population and Household Demographics

Minneapolis is a City in Hennepin County, Minnesota with a population of 382,578. There are 163,540 households in the city with an average household size of 2.01 persons. 50.81% of households in Minneapolis are renters.

Income and Rent Overburden in Minneapolis

The median gross income for households in Minneapolis is $50,767 a year, or $4,231 a month. The median rent for the city is $854 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Minneapolis, a household making less than $2,847 a month would be considered overburdened when renting an apartment at or above the median rent. 48.34% of households who rent are overburdened in Minneapolis.1

Data derived from 2010 Census and 2014 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 1.27 percentage points.

Fair Market Rents in Minneapolis

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2017 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$699 $862 $1,086 $1,538 $1,799
Area Median Income In Minneapolis

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Minneapolis, the AMI is calculated from all households within Hennepin County.

In Minneapolis, HUD calculates the Area Median Income for a family of four as $85,800.

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Low Income Housing Tax Credits in Minneapolis

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2012, 83 low income apartment communities containing 6,032 rental apartments have been constructed and made affordable to low income persons in Minneapolis by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Minneapolis by looking for the tag in the apartment list above. View Apartments.

Low Income Housing Tax Credit Income Limits

For affordable apartment communities in Minneapolis that received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the community.

If your income does not exceed 60% of the Area Median Income (AMI), you may qualify to rent a unit that is subject to the rent limits established by the Low Income Housing Tax Credit program.

% of AMI 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
50% $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
60% $36,060 $41,220 $46,380 $51,480 $55,620 $59,760 $63,840 $67,980
Low Income Housing Tax Credit Rent Limits

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Minneapolis is $46,380 a year, or $3,865 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,865 by 30% to get a maximum rent of $1,160 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $751 $805 $966 $1,116 $1,245 $1,373
60% $902 $966 $1,160 $1,339 $1,494 $1,648
Rental Assistance in Minneapolis

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

HUD Rental Assistance Income Limits

To qualify for most rental assistance programs a renter must earn no more than 50% of the Area Median Income (AMI). In some cases, rental assistance is reserved for renters earning 30% or less of the AMI. In Minneapolis, to qualify for Section 8 assistance, a renter household containing four persons must earn $42,900 or less. For some targeted rental assistance programs, a renter household of four can’t earn more than $25,750.

It’s important to remember that in many rental assistance programs there are minimum rent regulations requiring assistance recipients to make a minimum payment of between $25 and $50 per month no matter how low their income.

% of AMI 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
30% $18,050 $20,600 $23,200 $25,750 $28,440 $32,580 $36,730 $40,890
50% $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
80% $46,000 $52,600 $59,150 $65,700 $71,000 $76,250 $81,500 $86,750