Low Income Apartments and Affordable Housing For Rent in New Ulm, MN

Discover affordable housing in New Ulm where there are 6+ 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.

Halter Commons

1915 N Spring Street, New Ulm, Minnesota 56073

Linderhof Park Apartments

1100 16th St N, New Ulm, Minnesota 56073

Emerson Union

15 North State Street, New Ulm, Minnesota 56073

Broadway Haus Scattered

300 N Broadway St, New Ulm, Minnesota 56073

Saint Michaels Housing

500 N State St, New Ulm, Minnesota 56073

River View Estates

2412 N Broadway St, New Ulm, Minnesota 56073

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Ulm, Minnesota
$17.14/hour
$8.29 (+94%) more than Minnesota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About New Ulm, Minnesota Affordable Housing ↓

What HUD offices serve New Ulm, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for New Ulm, Minnesota.

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

How many renters live in New Ulm, Minnesota?

The City of New Ulm has 14,055 people living in 5,938 households.

There are 2,953 renters living in 1,578 renter households in this City. Renters make up 21.01 percent of the population living in New Ulm.

What is the rental market like in New Ulm, Minnesota?

There are an estimated 6,240 housing units in the New Ulm area. Of these, 1,599 units are rental homes, making up 26 percent of the housing market. For every renter household in New Ulm, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in New Ulm?

The rental vacancy rate in New Ulm is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in New Ulm for each bedroom size?

Occupied Rental Units by Size in New Ulm
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 446 709 299 70
Occupied Rental Units by Size in New Ulm

A large number of apartments in New Ulm have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in New Ulm are overburdened by housing costs?

Among renter households in this market, 36 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in New Ulm

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,127
Four BR $1,536
2024 Fair Market Rents in New Ulm, Minnesota

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

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 10 48 percent
One BR 215 48 percent
Two BR 387 55 percent
Rental Units Below FMR in New Ulm, Minnesota

How many affordable rental units are in New Ulm?

There are a variety of federal affordable housing programs serving households in New Ulm, Minnesota including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 49
Public Housing 50
Section 8 Project-Based Rental Assistance 107
Section 202 Supportive Housing for the Elderly 16
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in New Ulm, Minnesota

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

Income Based Apartments in New Ulm, Minnesota

New Ulm features 130 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 New Ulm, Minnesota

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Ulm.

Housing Choice Vouchers in New Ulm, Minnesota

On average, Section 8 Housing Choice vouchers pay New Ulm landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in New Ulm.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Ulm, Minnesota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.