Affordable Housing In Rochester
Olmsted County, Minnesota

42 Low Income Apartment Communities In Rochester

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
2-3 BR
HCV Welcome

Rolling Ridge Townhomes

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

Bandel Hills Townhomes

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

The Square On 31st

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

The Meadows

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

Ashland Place Apartments

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

River Glen Apartments

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

Cascade Creek

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

Valleyhigh Flats

3433 kenosha Dr NW
Rochester, MN
1-3 BR
HCV Welcome

Housing Authorities that serve Rochester

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

Guide To Affordable Housing in Rochester, Minnesota

There are 42 low income housing apartment communities offering 2,349 affordable apartments for rent in Rochester, Minnesota. Rochester features 1,207 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,087 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Rochester.

Sourced from federal housing data and research.

Rochester, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 42
Total Low Income Apartments 2,349
Total Housing Units with Rental Assistance 1,207
Percentage of Housing Units Occupied By Renters 30.52%
Average Renter Household Size 2.14
Average Household Size 2.46
Median Household Income $64,554 ±$1,618
Median Rent $823 ±$31
Percentage Of Renters Overburdened 46.47% ± 3.3pp
Total Population 110,275

Population and Household Demographics

Rochester is a City in Olmsted County, Minnesota with a population of 110,275. There are 43,634 households in the city with an average household size of 2.46 persons. 30.52% of households in Rochester are renters.

Income and Rent Overburden in Rochester

The median gross income for households in Rochester is $64,554 a year, or $5,380 a month. The median rent for the city is $823 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rochester, a household making less than $2,743 a month would be considered overburdened when renting an apartment at or above the median rent. 46.47% of households who rent are overburdened in Rochester.1

Area Median Income In Rochester

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Rochester, the AMI is calculated from all households within Olmsted County.

In Rochester, 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 Rochester

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 Rochester HUD Rental Assistance in Rochester

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 Rochester

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, 15 low income apartment communities containing 885 rental apartments have been constructed and made affordable to low income persons in Rochester 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 Rochester

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 Rochester 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 Rochester

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