Affordable Housing In Olmsted County
Minnesota

45 Low Income Apartment Communities In Olmsted County

Sunrise Townhomes

2816 59th St NW
Rochester, MN
Call For Rent
2-3 BR
HCV Welcome

Douglas Trail Townhomes

5041 Weatherstone Cir NW
Rochester, MN
$850-975
2-3 BR
HCV Welcome

Rolling Ridge Townhomes

851 Rolling Ridge Ave SE
Rochester, MN
$870-970
2-3 BR
HCV Welcome

Bandel Hills Townhomes

5920 Bandel Rd NW
Rochester, MN
Call For Rent
1-3 BR
HCV Welcome

Eastside Village

111 2nd St SE
Stewartville, MN
Income Based
1-2 BR
Subsidized

The Square On 31st

310 31st St NE
Rochester, MN
Income Based
Studio-2 BR
Subsidized

The Meadows

11th Ave SE
Rochester, MN
$720-1,005
1-3 BR
HCV Welcome

Ashland Place Apartments

1990 Ashland Dr
Rochester, MN
$745-1,030
1-3 BR
HCV Welcome

River Glen Apartments

191 Sandbar Ct NE
Rochester, MN
$760-1,275
1-3 BR
HCV Welcome

Cascade Creek

421 6th Ave NW
Rochester, MN
$725-950
1-3 BR

Housing Authorities that serve Olmsted County

Housing Authority Programs
Olmsted County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Olmsted County, Minnesota

There are 45 low income housing apartment communities offering 2,474 affordable apartments for rent in Olmsted County, Minnesota. Olmsted County features 1,272 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,147 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Olmsted County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Olmsted County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 45
Total Low Income Apartments 2,474
Total Housing Units with Rental Assistance 1,272
Percentage of Housing Units Occupied By Renters 26.26%
Average Renter Household Size 2.18
Average Household Size 2.52
Median Household Income $68,023 ±$1,887
Median Rent $827 ±$27
Percentage Of Renters Overburdened 45.03% ± 3.03pp
Total Population 148,736

Population and Household Demographics

Olmsted County is a County in Minnesota with a population of 148,736. There are 57,899 households in the county with an average household size of 2.52 persons. 26.26% of households in Olmsted County are renters.

Income and Rent Overburden in Olmsted County

The median gross income for households in Olmsted County is $68,023 a year, or $5,669 a month. The median rent for the county is $827 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Olmsted County, a household making less than $2,757 a month would be considered overburdened when renting an apartment at or above the median rent. 45.03% of households who rent are overburdened in Olmsted County.1

Area Median Income In Olmsted 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 Olmsted County, HUD calculates the Area Median Income for a family of four as $93,800

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 Olmsted 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 Olmsted County HUD Rental Assistance in Olmsted County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,750 $22,550 $25,350 $28,150 $30,450 $34,590 $39,010 $43,430
50% of Median $32,850 $37,550 $42,250 $46,900 $50,700 $54,450 $58,200 $61,950
80% of Median $52,550 $60,050 $67,550 $75,050 $81,100 $87,100 $93,100 $99,100
Low Income Housing Tax Credits in Olmsted County

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

From 1991 to 2012, 16 low income apartment communities containing 945 rental apartments have been constructed and made affordable to low income persons in Olmsted 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 Olmsted County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,850 $37,550 $42,250 $46,900 $50,700 $54,450 $58,200 $61,950
60% of Median $39,420 $45,060 $50,700 $56,280 $60,840 $65,340 $69,840 $74,340

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 Olmsted County is $50,700 a year, or $4,225 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,225 by 30% to get a maximum rent of $1,268 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% $821 $880 $1,056 $1,220 $1,361 $1,502
60% $986 $1,056 $1,268 $1,464 $1,634 $1,802
Fair Market Rents in Olmsted 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
$667 $777 $1,016 $1,416 $1,748

Cities In Olmsted County

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

City Listings Served By
Rochester 42 The HUD funded Public Housing Agency that serves Rochester is the Olmsted County Housing and Redevelopment Authority.
Stewartville 3 The HUD funded Public Housing Agency that serves Stewartville is the Olmsted County Housing and Redevelopment Authority.
Byron 0 The HUD funded Public Housing Agency that serves Byron is the Olmsted County Housing and Redevelopment Authority.
Eyota 0 The HUD funded Public Housing Agency that serves Eyota is the Olmsted County Housing and Redevelopment Authority.
Cascade 0 The HUD funded Public Housing Agency that serves Cascade is the Olmsted County Housing and Redevelopment Authority.
Dover 0 The HUD funded Public Housing Agency that serves Dover is the Olmsted County Housing and Redevelopment Authority.
Dovership 0 The HUD funded Public Housing Agency that serves Dovership is the Olmsted County Housing and Redevelopment Authority.
Elmira 0 The HUD funded Public Housing Agency that serves Elmira is the Olmsted County Housing and Redevelopment Authority.
Eyotaship 0 The HUD funded Public Housing Agency that serves Eyotaship is the Olmsted County Housing and Redevelopment Authority.
Farmington 0 The HUD funded Public Housing Agency that serves Farmington is the Olmsted County Housing and Redevelopment Authority.
Haverhill 0 The HUD funded Public Housing Agency that serves Haverhill is the Olmsted County Housing and Redevelopment Authority.
High Forest 0 The HUD funded Public Housing Agency that serves High Forest is the Olmsted County Housing and Redevelopment Authority.
Kalmar 0 The HUD funded Public Housing Agency that serves Kalmar is the Olmsted County Housing and Redevelopment Authority.
Marion 0 The HUD funded Public Housing Agency that serves Marion is the Olmsted County Housing and Redevelopment Authority.
New Haven 0 The HUD funded Public Housing Agency that serves New Haven is the Olmsted County Housing and Redevelopment Authority.
Orion 0 The HUD funded Public Housing Agency that serves Orion is the Olmsted County Housing and Redevelopment Authority.
Oronoco 0 The HUD funded Public Housing Agency that serves Oronoco is the Olmsted County Housing and Redevelopment Authority.
Oronocoship 0 The HUD funded Public Housing Agency that serves Oronocoship is the Olmsted County Housing and Redevelopment Authority.
Pleasant Grove 0 The HUD funded Public Housing Agency that serves Pleasant Grove is the Olmsted County Housing and Redevelopment Authority.
Quincy 0 The HUD funded Public Housing Agency that serves Quincy is the Olmsted County Housing and Redevelopment Authority.
Rochestership 0 The HUD funded Public Housing Agency that serves Rochestership is the Olmsted County Housing and Redevelopment Authority.
Rock Dell 0 The HUD funded Public Housing Agency that serves Rock Dell is the Olmsted County Housing and Redevelopment Authority.
Salem 0 The HUD funded Public Housing Agency that serves Salem is the Olmsted County Housing and Redevelopment Authority.
Viola 0 The HUD funded Public Housing Agency that serves Viola is the Olmsted County Housing and Redevelopment Authority.