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Affordable Housing In Minneapolis
Hennepin County, Minnesota

202 Low Income Apartment Communities In Minneapolis

Holmes Greenway Housing

114 5th Street S.E.
Minneapolis, Minnesota
$794-1,295
1-2 BR
55+
Accessible

Green on 4th

2949 4th Street Southeast
Minneapolis, Minnesota
Income Based
Studio-2 BR

Lake Street Station

2220 East Lake Street
Minneapolis, Minnesota
$986-1,110
1-2 BR
Accepts Vouchers
55+

Oak Park Village

7267 1/2 Oak Park Village Drive
Minneapolis, Minnesota
Call For Rent
1-3 BR

Broadway Flats

2505 Penn Ave
Minneapolis, Minnesota
Call For Rent
Studio-2 BR
Accepts Vouchers

Mill City Quarter

322 South 2nd Street
Minneapolis, Minnesota
Call For Rent
1-2 BR
Family & Senior

Southsider Apartments

3029 22nd Avenue South
Minneapolis, Minnesota
$1,369-1,705
1-2 BR
Accepts Vouchers

Downtown View

1205 Chestnut Ave
Minneapolis, Minnesota
Call For Rent
Studio BR

River Run Apartments

1434 Marshall St NE
Minneapolis, Minnesota
Call For Rent
1-3 BR
Accepts Vouchers

Elliot Apartments

1819 Elliot Ave
Minneapolis, Minnesota
Call For Rent
Studio-2 BR
Accepts Vouchers

Housing Authorities that serve Minneapolis

Housing Authority Programs
Minneapolis Public Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work
Mental Health Resources Section 8 Housing Choice Voucher (HCV)
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Minneapolis, Minnesota

There are 202 low income housing apartment communities offering 19,541 affordable apartments for rent in Minneapolis, Minnesota.

Income Based Apartments in Minneapolis, Minnesota

Minneapolis features 9,438 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 Minneapolis, Minnesota

There are 9,071 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Minneapolis.

Housing Choice Vouchers in Minneapolis, Minnesota

On average, Section 8 Housing Choice vouchers pay Minneapolis landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Minneapolis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Minneapolis, Minnesota for a two-bedroom apartment is between $1,093 and $1,335.

2020 Minneapolis, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $820 $971 $1,214 $1,722 $2,025
Payment Standard Range $738 to $902 $874 to $1,068 $1,093 to $1,335 $1,550 to $1,894 $1,823 to $2,228

Sourced from federal housing data and AffordableHousingOnline.com research.

Minneapolis, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 202
Total Low Income Apartments 19,541
Total Housing Units with Rental Assistance 9,438
Percentage of Housing Units Occupied By Renters 51.94%
Average Renter Household Size 2.16
Average Household Size 2.27
Median Household Income $51,480 ±$610
Median Rent $869 ±$9
Percentage Of Renters Overburdened 47.79% ± 1.34pp
Total Population 399,950

Population and Household Demographics

Minneapolis is a city in Hennepin County, Minnesota with a population of 399,950. There are 168,385 households in the city with an average household size of 2.27 persons. 51.94% of households in Minneapolis are renters.

Income and Rent Overburden in Minneapolis

The median gross income for households in Minneapolis is $51,480 a year, or $4,290 a month. The median rent for the city is $869 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 $2,897 a month would be considered overburdened when renting an apartment at or above the median rent. 47.79% of households who rent are overburdened in Minneapolis.

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 $103,400

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.

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.

Income Qualifications for HUD Rental Assistance in Minneapolis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,700 $24,800 $27,900 $31,000 $33,500 $36,000 $39,640 $44,120
50% of Median $36,200 $41,400 $46,550 $51,700 $55,850 $60,000 $64,150 $68,250
80% of Median $54,950 $62,800 $70,650 $78,500 $84,800 $91,100 $97,350 $103,650