406 Cedar St, Monticello, MN 55362
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by JP Bergstad, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 560 - 750 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
1 +2 Bedroom Apartments for Seniors 62+
- 560 - 592 Sq. Ft. (1BR), 750 Sq. Ft. (2BR)
- In-building laundry facility
- Spacious closets
- Community room complete with kitchen
- Tub room, elevator
- Close to downtown Monticello
- Heat, water, and trash included
- Rent based on income
Since Cedar Crest Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 560ft2 | Call for Price† |
| Two Bedroom (2/1) | 750ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $26,100 / year | $29,800 / year | $33,550 / year | $37,250 / year |
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year | $85,200 / year | $94,650 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cedar Crest Apartments have a waiting list?
Cedar Crest Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Cedar Crest Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Cedar Crest Apartments?
Cedar Crest Apartments is managed by Bergstad Properties, Inc. headquartered in Hopkins, MN.
In addition to Cedar Crest Apartments, how many other affordable housing properties (and units) are there in Monticello?
In addition to Cedar Crest Apartments, we list 8 other affordable properties in Monticello. Learn about these properties here. Our data research shows that there are a total of 286 affordable units in Monticello.
Applying for housing with bad credit.
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