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

Discover affordable housing in Redwood County where there are 10+ 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.

Parkview Apartments

201 E Pabst St, Sanborn, Minnesota 0

Country Village

600 E Broadway St, Redwood Falls, Minnesota 56283

Westfalls

201 Westfalls Dr, Redwood Falls, Minnesota 56283

Heritage Prairie Apartments

1173 Dewey St, Wabasso, Minnesota 56293

Valley View Apartments

200 10th Ave E, Lamberton, Minnesota 56152

Lakeside Manor

300 S Minnesota St, Redwood Falls, Minnesota 56283

Parkside Townhomes

1044 E Elm St, Redwood Falls, Minnesota 56283

Sunrise Apt(Morgan)

520 St Johns Street, Morgan, Minnesota

River Ridge Apt

201 South Minnesota Street, Redwood Falls, Minnesota

Northview Apartments

506 Carleton Ave, Morgan, Minnesota 56266

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Redwood County, 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 Redwood County, Minnesota Affordable Housing ↓

What HUD offices serve Redwood 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), Public Housing programs for Redwood County, Minnesota.

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

How many renters live in Redwood County, Minnesota?

The County of Redwood County has 15,428 people living in 6,075 households.

There are 2,481 renters living in 1,211 renter households in this County. Renters make up 16.08 percent of the population living in Redwood County.

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

There are an estimated 7,110 housing units in the Redwood County area. Of these, 1,396 units are rental homes, making up 20 percent of the housing market. For every renter household in Redwood County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Redwood County?

The rental vacancy rate in Redwood County is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Redwood County for each bedroom size?

Occupied Rental Units by Size in Redwood County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 264 500 247 128
Occupied Rental Units by Size in Redwood County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 22 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 Redwood County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,516. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $693
Two BR $905
Three BR $1,273
Four BR $1,516
2024 Fair Market Rents in Redwood County, Minnesota

How many units are rented at Fair Market Rent (FMR) in Redwood 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 10 50 percent
One BR 187 71 percent
Two BR 322 64 percent
Rental Units Below FMR in Redwood County, Minnesota

How many affordable rental units are in Redwood County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 74
Public Housing 51
Section 8 Project-Based Rental Assistance 88
USDA Section 515 Rural Rental Housing 60
Tracked Units by Federal Program in Redwood County, Minnesota

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

Income Based Apartments in Redwood County, Minnesota

Redwood County features 215 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 Redwood County, Minnesota

There are 90 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Redwood County.

Housing Choice Vouchers in Redwood County, Minnesota

On average, Section 8 Housing Choice vouchers pay Redwood County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Redwood County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.