What HUD offices serve Oslo, 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.
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Oslo.
How many renters live in Oslo, Minnesota?
The City of Oslo has 327 people living in 120 households.
There are 34 renters living in 14 renter households in this City. Renters make up 10.4 percent of the population living in Oslo.
What is the rental market like in Oslo, Minnesota?
There are an estimated 139 housing units in the Oslo area. Of these, 14 units are rental homes, making up 10 percent of the housing market. For every renter household in Oslo, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Oslo?
The rental vacancy rate in Oslo is 0 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 Oslo for each bedroom size?
Occupied Rental Units by Size in Oslo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 2 | 0 | 0 |
Occupied Rental Units by Size in Oslo
A large number of apartments in Oslo 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 Oslo are overburdened by housing costs?
Among renter households in this market, 14 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 Oslo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $620 to $1,516. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $620 |
| One BR | $696 |
| Two BR | $914 |
| Three BR | $1,129 |
| Four BR | $1,516 |
2024 Fair Market Rents in Oslo, Minnesota
How many units are rented at Fair Market Rent (FMR) in Oslo?
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 |
| One BR | 2 | 17 percent |
| Two BR | 2 | 100 percent |
Rental Units Below FMR in Oslo, Minnesota
How many affordable rental units are in Oslo?
There are a variety of federal affordable housing programs serving households in Oslo, Minnesota including the following:
| Federal Program | Unit Count |
| Public Housing | 2 |
Tracked Units by Federal Program in Oslo, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oslo, Minnesota
Oslo features 0 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 Oslo, Minnesota
There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oslo.
Housing Choice Vouchers in Oslo, Minnesota
On average, Section 8 Housing Choice vouchers pay Oslo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oslo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oslo, Minnesota for a two-bedroom apartment is between $823 and $1,005.
Sourced from federal housing data and AffordableHousingOnline.com research.
