Affordable Housing In Rice County
Minnesota

22 Low Income Apartment Communities In Rice County

Southgate Village

1518 9th Ave SW
Faribault, MN
$595-635
1-2 BR

Windsor Greens

1425 Prairie Ave SW
Faribault, MN
$505-585
1-2 BR
Accessible

North and South Oak Apartments

220 Greenvale Ave, #101
Northfield, MN
$645-675
1-2 BR
Accepts Vouchers

Prairiewood Townhomes

1515 Deerwood Ln
Faribault, MN
$730-928
2-4 BR
Accepts Vouchers

Southside Apartments

315 1st Ave SE
Lonsdale, MN
$575-630
2-3 BR

Greenwood Place

901 Greenwood Place
Faribault, MN
Call For Rent
1-3 BR
Subsidized

Robinwood Manor

1324 Prairie Ave SW
Faribault, MN
Subsidized

St Lucas Riverside Apartments, Inc

501 1st St SE
Faribault, MN
Subsidized
62+
Accessible
Elderly Supportive Housing

Towns Edge Apartments

851 Faribault Road
Faribault, MN

Sunshine Apartments

107 2nd St SE
Morristown, MN
Subsidized

Housing Authorities that serve Rice County

Housing Authority Programs
Rice County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Rice County

Housing Authority Programs
Faribault Housing and Redevelopment Authority Public Housing

Guide To Affordable Housing in Rice County, Minnesota

There are 22 low income housing apartment communities offering 726 affordable apartments for rent in Rice County, Minnesota.

Income Based Apartments in Rice County, Minnesota

Rice County features 457 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 Rice County, Minnesota

There are 269 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rice County.

Housing Choice Vouchers in Rice County, Minnesota

On average, Section 8 Housing Choice vouchers pay Rice County landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Rice County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rice County, Minnesota for a two-bedroom apartment is between $831 and $1,015.

2020 Rice County, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $603 $701 $923 $1,270 $1,293
Payment Standard Range $543 to $663 $631 to $771 $831 to $1,015 $1,143 to $1,397 $1,164 to $1,422

Sourced from federal housing data and AffordableHousingOnline.com research.

Rice County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 726
Total Housing Units with Rental Assistance 457
Percentage of Housing Units Occupied By Renters 26.08%
Average Renter Household Size 2.24
Average Household Size 2.50
Median Household Income $59,598 ±$2,035
Median Rent $722 ±$52
Percentage Of Renters Overburdened 42.79% ± 5.6pp
Total Population 64,886

Population and Household Demographics

Rice County is a County in Minnesota with a population of 64,886. There are 22,532 households in the county with an average household size of 2.50 persons. 26.08% of households in Rice County are renters.

Income and Rent Overburden in Rice County

The median gross income for households in Rice County is $59,598 a year, or $4,967 a month. The median rent for the county is $722 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rice County, a household making less than $2,407 a month would be considered overburdened when renting an apartment at or above the median rent. 42.79% of households who rent are overburdened in Rice County.1

Area Median Income In Rice 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 Rice County, HUD calculates the Area Median Income for a family of four as $88,000

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 Rice 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 Rice County HUD Rental Assistance in Rice County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,050 $20,600 $23,200 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700
80% of Median $48,100 $55,000 $61,850 $68,700 $74,200 $79,700 $85,200 $90,700

Cities In Rice County

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

City Listings Served By
Northfield 3
Faribault 18 The HUD funded Public Housing Agencies that serve Faribault are the Faribault Housing and Redevelopment Authority and Rice County Housing and Redevelopment Authority.
Lonsdale 2 The HUD funded Public Housing Agency that serves Lonsdale is the Rice County Housing and Redevelopment Authority.
Morristown 1 The HUD funded Public Housing Agency that serves Morristown is the Rice County Housing and Redevelopment Authority.
Bridgewater 0
Cannon City 0
Dundas 0
Erin 0
Forest 0
Morristownship 0
Nerstrand 0
Northfieldship 0
Richland 0
Shieldsville 0
Walcott 0
Warsaw 0
Warsawship 0
Webster 0
Wells 0
Wheatland 0
Wheeling 0