Affordable Housing In Nicollet County
Minnesota

10 Low Income Apartment Communities In Nicollet County

Maplewood Apartments

1320 N 5th St
St Peter, MN
$600-735
1-3 BR
HCV Welcome
Subsidized

Central Square Apartments

301 S Washington Ave
Saint Peter, MN
$690-990
1-3 BR
HCV Welcome

Park Row Crossing Townhomes

625 Park Row St
St Peter, MN
$660-895
1-3 BR
HCV Welcome

Vista View Townhomes

1811 Vista View Dr
Saint Peter, MN
$845-945
2-3 BR
HCV Welcome

Sunrise Meadow

1435A Sunrise Dr
Saint Peter, MN
Subsidized

Estate Apartments, Inc

409 W Myrtle St
Saint Peter, MN
$305-335
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Park View Apartments

1010 S 4th St
Saint Peter, MN

Sunnyvale Court

1519 N 5th St
Saint Peter, MN

Thomas Apartments ( Nic )

300 Hopp Ave
Nicollet, MN

Fairview Apartments

706 Ronell St
Saint Peter, MN
HCV Welcome
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Housing Authorities that serve Nicollet County

Housing Authority Programs
South Central Minnesota Multi County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Nicollet County

Housing Authority Programs
North Mankato Housing And Redevelopment Authority Public Housing
Housing and Redevelopment Authority of St. Peter Minnesota Public Housing

Guide To Affordable Housing in Nicollet County, Minnesota

There are 10 low income housing apartment communities offering 415 affordable apartments for rent in Nicollet County, Minnesota. Nicollet County features 184 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 231 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Nicollet County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Nicollet County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 415
Total Housing Units with Rental Assistance 184
Percentage of Housing Units Occupied By Renters 27.04%
Average Renter Household Size 2.03
Average Household Size 2.39
Median Household Income $58,640 ±$2,676
Median Rent $757 ±$40
Percentage Of Renters Overburdened 40.82% ± 6.49pp
Total Population 33,086

Population and Household Demographics

Nicollet County is a County in Minnesota with a population of 33,086. There are 12,629 households in the county with an average household size of 2.39 persons. 27.04% of households in Nicollet County are renters.

Income and Rent Overburden in Nicollet County

The median gross income for households in Nicollet County is $58,640 a year, or $4,887 a month. The median rent for the county is $757 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nicollet County, a household making less than $2,523 a month would be considered overburdened when renting an apartment at or above the median rent. 40.82% of households who rent are overburdened in Nicollet County.1

Area Median Income In Nicollet County

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.

In Nicollet County, HUD calculates the Area Median Income for a family of four as $78,500

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 Nicollet County

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 Nicollet County HUD Rental Assistance in Nicollet County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,500 $18,850 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,500 $31,400 $35,350 $39,250 $42,400 $45,550 $48,700 $51,850
80% of Median $44,000 $50,250 $56,550 $62,800 $67,850 $72,850 $77,900 $82,900
Low Income Housing Tax Credits in Nicollet County

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

From 1999 to 2005, 3 low income apartment communities containing 112 rental apartments have been constructed and made affordable to low income persons in Nicollet County by the Low Income Housing Tax Credit Program.

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.

Income Qualifications for Low Income Housing Tax Credit Apartments in Nicollet County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,500 $31,400 $35,350 $39,250 $42,400 $45,550 $48,700 $51,850
60% of Median $33,000 $37,680 $42,420 $47,100 $50,880 $54,660 $58,440 $62,220

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 Nicollet County is $42,420 a year, or $3,535 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,535 by 30% to get a maximum rent of $1,061 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% $688 $736 $884 $1,021 $1,139 $1,257
60% $825 $884 $1,061 $1,225 $1,367 $1,508
Fair Market Rents in Nicollet County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$612 $704 $920 $1,299 $1,615

Cities In Nicollet County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Saint Peter 7 The HUD funded Public Housing Agency that serves Saint Peter is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Nicollet 1 The HUD funded Public Housing Agency that serves Nicollet is the South Central Minnesota Multi County Housing and Redevelopment Authority.
St. Peter 0 The HUD funded Public Housing Agency that serves St. Peter is the South Central Minnesota Multi County Housing and Redevelopment Authority.
St Peter 2 The HUD funded Public Housing Agencies that serve St Peter are the Housing and Redevelopment Authority of St. Peter Minnesota and South Central Minnesota Multi County Housing and Redevelopment Authority.
Belgrade 0 The HUD funded Public Housing Agency that serves Belgrade is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Bernadotte 0 The HUD funded Public Housing Agency that serves Bernadotte is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Brighton 0 The HUD funded Public Housing Agency that serves Brighton is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Courtland 0 The HUD funded Public Housing Agency that serves Courtland is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Courtlandship 0 The HUD funded Public Housing Agency that serves Courtlandship is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Granby 0 The HUD funded Public Housing Agency that serves Granby is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Lafayette 0 The HUD funded Public Housing Agency that serves Lafayette is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Lafayetteship 0 The HUD funded Public Housing Agency that serves Lafayetteship is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Lake Prairie 0 The HUD funded Public Housing Agency that serves Lake Prairie is the South Central Minnesota Multi County Housing and Redevelopment Authority.
New Sweden 0 The HUD funded Public Housing Agency that serves New Sweden is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Nicolletship 0 The HUD funded Public Housing Agency that serves Nicolletship is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Oshawa 0 The HUD funded Public Housing Agency that serves Oshawa is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Ridgely 0 The HUD funded Public Housing Agency that serves Ridgely is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Traverse 0 The HUD funded Public Housing Agency that serves Traverse is the South Central Minnesota Multi County Housing and Redevelopment Authority.
West Newton 0 The HUD funded Public Housing Agency that serves West Newton is the South Central Minnesota Multi County Housing and Redevelopment Authority.