Affordable Housing In Saint Cloud
Stearns County, Minnesota

Saint Cloud city limits extend into  Stearns CountySherburne County,  and  Benton County.

30 Low Income Apartment Communities In Saint Cloud

Westwind Apartments

765 Savanna Ave
Saint Cloud, MN
$759-888
1-2 BR
62+
HCV Welcome

Cedar Terrace Townhomes

1335 14th St N
Saint Cloud, MN
$841-845
2 BR
Subsidized

Oak Grove Townhomes

1728 Oak Grove Rd SW
Saint Cloud, MN
$815-915
2-3 BR
HCV Welcome

La Paz Community Apartments

530 16th St S
Saint Cloud, MN
Call For Rent
1-2 BR
62+
Accessible
Disabled Supportive Housing
Elderly Supportive Housing
Subsidized

The Highlands

2015 27th St SE
Saint Cloud, MN
$804-1,029
1-3 BR
HCV Welcome

Wimbledon Green Apartments

401 33rd Ave N
Saint Cloud, MN
Call For Rent
1-2 BR
HCV Welcome
Subsidized

Benet Place

1420 Minnesota Blvd
Saint Cloud, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Benet Place South

1975 15th Ave SE
Saint Cloud, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Parkview Terrace Apartments

625 14th St S
Saint Cloud, MN
Subsidized

Northway a and B

1525 Northway Dr
Saint Cloud, MN
Subsidized

Housing Authorities that serve Saint Cloud

Housing Authority Programs
St. Cloud Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Saint Cloud, Minnesota

There are 30 low income housing apartment communities offering 1,414 affordable apartments for rent in Saint Cloud, Minnesota. Saint Cloud features 783 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 595 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Saint Cloud.

Sourced from federal housing data and AffordableHousingOnline.com research.

Saint Cloud, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 30
Total Low Income Apartments 1,414
Total Housing Units with Rental Assistance 783
Percentage of Housing Units Occupied By Renters 47.99%
Average Renter Household Size 2.32
Average Household Size 2.42
Median Household Income $45,437 ±$1,993
Median Rent $721 ±$19
Percentage Of Renters Overburdened 49.55% ± 3.87pp
Total Population 66,298

Population and Household Demographics

Saint Cloud is a City in Stearns County, Minnesota with a population of 66,298. There are 25,204 households in the city with an average household size of 2.42 persons. 47.99% of households in Saint Cloud are renters.

Income and Rent Overburden in Saint Cloud

The median gross income for households in Saint Cloud is $45,437 a year, or $3,786 a month. The median rent for the city is $721 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saint Cloud, a household making less than $2,403 a month would be considered overburdened when renting an apartment at or above the median rent. 49.55% of households who rent are overburdened in Saint Cloud.1

Area Median Income In Saint Cloud

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 Saint Cloud, the AMI is calculated from all households within Stearns County.

In Saint Cloud, HUD calculates the Area Median Income for a family of four as $76,300

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 Saint Cloud

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 Saint Cloud HUD Rental Assistance in Saint Cloud

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600
Low Income Housing Tax Credits in Saint Cloud

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2007, 17 low income apartment communities containing 656 rental apartments have been constructed and made affordable to low income persons in Saint Cloud 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 Saint Cloud

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
60% of Median $32,100 $36,660 $41,220 $45,780 $49,500 $53,160 $56,820 $60,480

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 Saint Cloud is $41,220 a year, or $3,435 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,435 by 30% to get a maximum rent of $1,031 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% $669 $716 $859 $993 $1,108 $1,222
60% $803 $860 $1,031 $1,191 $1,329 $1,466
Fair Market Rents in Saint Cloud

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
$605 $657 $804 $1,151 $1,370