Low Income Apartments and Affordable Housing For Rent in Nicollet County, MN

Discover affordable housing in Nicollet County where there are 12+ 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.

Central Square Apartments

301 S Washington Ave, Saint Peter, Minnesota 56082

Park Row Crossing Townhomes

625 West Park Row Street, Saint Peter, Minnesota 56082

Maplewood Apartments

1320 N 5th St, St Peter, Minnesota 56082

Vista View Townhomes

1811 Vista View Dr, Saint Peter, Minnesota 56082

Pioneer Apartments

1618 Gault, St Peter, Minnesota 56082

Sunnyvale Court

1519 N 5th St, Saint Peter, Minnesota 56082

Sunrise Meadow

1435A Sunrise Dr, Saint Peter, Minnesota 56082

Solace Apartments

2005 N Sunrise Dr, St Peter, Minnesota 56082

Fairview Apartments

706 Ronell St, Saint Peter, Minnesota 56082

Estate Apartments, Inc

409 W Myrtle St, Saint Peter, Minnesota 56082

Zins Elderly Apartments

501 2nd St, Nicollet, Minnesota

Park View Apartments

1010 S 4th St, Saint Peter, Minnesota 56082

calendar_today Opened: Jun 6
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nicollet County, Minnesota
$20.85/hour
$12.00 (+136%) more than Minnesota minimum wage and $13.60 (+188%) more than the Federal minimum wage.
Learn More About Nicollet County, Minnesota Affordable Housing ↓

What HUD offices serve Nicollet County, 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) programs for Nicollet County, Minnesota.

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

How many renters live in Nicollet County, Minnesota?

The County of Nicollet County has 34,380 people living in 12,913 households.

There are 6,096 renters living in 3,328 renter households in this County. Renters make up 17.73 percent of the population living in Nicollet County.

What is the rental market like in Nicollet County, Minnesota?

There are an estimated 13,461 housing units in the Nicollet County area. Of these, 3,465 units are rental homes, making up 26 percent of the housing market. For every renter household in Nicollet County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Nicollet County?

The rental vacancy rate in Nicollet County is 4 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 Nicollet County for each bedroom size?

Occupied Rental Units by Size in Nicollet County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
206 834 1,570 519 160
Occupied Rental Units by Size in Nicollet County

A large number of apartments in Nicollet County 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 Nicollet County are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 20 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 Nicollet County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $1,868. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $903
Two BR $1,101
Three BR $1,552
Four BR $1,868
2024 Fair Market Rents in Nicollet County, Minnesota

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

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 107 52 percent
One BR 581 70 percent
Two BR 1,070 68 percent
Rental Units Below FMR in Nicollet County, Minnesota

How many affordable rental units are in Nicollet County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 334
Public Housing 135
Section 8 Project-Based Rental Assistance 83
USDA Section 515 Rural Rental Housing 98
Tracked Units by Federal Program in Nicollet County, Minnesota

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

Income Based Apartments in Nicollet County, Minnesota

Nicollet County features 243 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 Nicollet County, Minnesota

There are 205 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicollet County.

Housing Choice Vouchers in Nicollet County, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Nicollet County, Minnesota for a two-bedroom apartment is between $991 and $1,211.

Sourced from federal housing data and AffordableHousingOnline.com research.