Affordable Housing In Rice County
Minnesota

32 Low Income Apartment Communities In Rice County

Southgate Village

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

Windsor Greens

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

North and South Oak Apartments

220 Greenvale Ave, #101
Northfield, Minnesota
$645-675
1-2 BR

Prairiewood Townhomes

1515 Deerwood Lane
Faribault, Minnesota
$730-928
2-4 BR

Southside Apartments

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

Jefferson Square

1356 Jefferson Road
Northfield, Minnesota
1 BR
Family & Senior
Minimum Income Requirement

Greenwood Place

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

North and South Oak Apartments

600 Spring Street N
Northfield, Minnesota
$629-675
1-2 BR

The Lofts at Evergreen Knoll

2275 4th St NW
Faribault, Minnesota
$731-1,162
1-3 BR

Village Green Apartments

810 Conliffe Ave SW
Faribault, Minnesota
Call For Rent
1-3 BR

Section 8 Vouchers, Apartments, and Waiting Lists in Rice 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Rice County, Minnesota

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

Guide To Affordable Housing in Rice County, Minnesota

There are 32 low income housing apartment communities offering 937 affordable apartments for rent in Rice County, Minnesota.

Income Based Apartments in Rice County, Minnesota

Rice County features 662 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 275 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 $887 and $1,085.

2022 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
Rice County, Minnesota Fair Market Rent $690 $749 $986 $1,337 $1,493
Rice County, Minnesota Payment Standard Range $621 to $759 $674 to $824 $887 to $1,085 $1,203 to $1,471 $1,344 to $1,642

Sourced from federal housing data and AffordableHousingOnline.com research.

Rice County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 32
Total Low Income Apartments 937
Total Housing Units with Rental Assistance 662
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.

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 $100,600

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 HUD Rental Assistance in Rice County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Rice County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,300 $23,200 $26,100 $29,000 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Rice County AMI may qualify for rental assistance programs that target Very Low Income households.
$33,850 $38,700 $43,550 $48,350 $52,250 $56,100 $60,000 $63,850
80% AMI Income Limits
Renters earning up to 80% of the Rice County AMI may qualify for rental assistance programs that target Low Income households.
$54,150 $61,900 $69,650 $77,350 $83,550 $89,750 $95,950 $102,150

Cities In Rice County

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

City Served By
Bridgewater The HUD funded Public Housing Agency that serves Bridgewater is the Rice County Housing and Redevelopment Authority.
Cannon City The HUD funded Public Housing Agency that serves Cannon City is the Rice County Housing and Redevelopment Authority.
Dundas The HUD funded Public Housing Agency that serves Dundas is the Rice County Housing and Redevelopment Authority.
Erin The HUD funded Public Housing Agency that serves Erin is the Rice County Housing and Redevelopment Authority.
Faribault The HUD funded Public Housing Agencies that serve Faribault are the Faribault Housing and Redevelopment Authority and Rice County Housing and Redevelopment Authority.
Forest The HUD funded Public Housing Agency that serves Forest is the Rice County Housing and Redevelopment Authority.
Lonsdale The HUD funded Public Housing Agency that serves Lonsdale is the Rice County Housing and Redevelopment Authority.
Morristown The HUD funded Public Housing Agency that serves Morristown is the Rice County Housing and Redevelopment Authority.
Morristownship The HUD funded Public Housing Agency that serves Morristownship is the Rice County Housing and Redevelopment Authority.
Nerstrand The HUD funded Public Housing Agency that serves Nerstrand is the Rice County Housing and Redevelopment Authority.
Northfield The HUD funded Public Housing Agencies that serve Northfield are the Dakota County Community Development Agency, Metropolitan Council Housing and Redevelopment Authority and Rice County Housing and Redevelopment Authority.
Northfieldship The HUD funded Public Housing Agency that serves Northfieldship is the Rice County Housing and Redevelopment Authority.
Richland The HUD funded Public Housing Agency that serves Richland is the Rice County Housing and Redevelopment Authority.
Shieldsville The HUD funded Public Housing Agency that serves Shieldsville is the Rice County Housing and Redevelopment Authority.
Walcott The HUD funded Public Housing Agency that serves Walcott is the Rice County Housing and Redevelopment Authority.
Warsaw The HUD funded Public Housing Agency that serves Warsaw is the Rice County Housing and Redevelopment Authority.
Warsawship The HUD funded Public Housing Agency that serves Warsawship is the Rice County Housing and Redevelopment Authority.
Webster The HUD funded Public Housing Agency that serves Webster is the Rice County Housing and Redevelopment Authority.
Wells The HUD funded Public Housing Agency that serves Wells is the Rice County Housing and Redevelopment Authority.
Wheatland The HUD funded Public Housing Agency that serves Wheatland is the Rice County Housing and Redevelopment Authority.
Wheeling The HUD funded Public Housing Agency that serves Wheeling is the Rice County Housing and Redevelopment Authority.