Low Income Apartments and Affordable Housing For Rent in St. Louis Park, MN

Discover affordable housing in St. Louis Park where there are 4+ 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.

Oak Park Village

7267 1/2 Oak Park Village Drive, St. Louis Park, Minnesota 55416

Vail in the Park

3647 Sumter Ave S, St. Louis Park, Minnesota 55426

Hamilton House

2400 Nevada Ave S, St. Louis Park, Minnesota 55426

Affordable Rental - - Cip

3601 Rhode Island Ave S, St. Louis Park, Minnesota 55426

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In St. Louis Park, Minnesota
$30.72/hour
$21.87 (+247%) more than Minnesota minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About St. Louis Park, Minnesota Affordable Housing ↓

What HUD offices serve St. Louis Park, 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 St. Louis Park, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for St. Louis Park, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV) programs for St. Louis Park, Minnesota.

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near St. Louis Park.

How many renters live in St. Louis Park, Minnesota?

The City of St. Louis Park has 49,500 people living in 24,098 households.

There are 17,604 renters living in 9,943 renter households in this City. Renters make up 35.56 percent of the population living in St. Louis Park.

What is the rental market like in St. Louis Park, Minnesota?

There are an estimated 25,117 housing units in the St. Louis Park area. Of these, 10,513 units are rental homes, making up 42 percent of the housing market. For every renter household in St. Louis Park, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in St. Louis Park?

The rental vacancy rate in St. Louis Park is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in St. Louis Park for each bedroom size?

Occupied Rental Units by Size in St. Louis Park
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
703 4,986 3,107 792 230
Occupied Rental Units by Size in St. Louis Park

A large number of apartments in St. Louis Park 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 St. Louis Park are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 14 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 St. Louis Park

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in St. Louis Park, Minnesota

How many units are rented at Fair Market Rent (FMR) in St. Louis Park?

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 226 32 percent
One BR 2,269 46 percent
Two BR 952 31 percent
Rental Units Below FMR in St. Louis Park, Minnesota

How many affordable rental units are in St. Louis Park?

There are a variety of federal affordable housing programs serving households in St. Louis Park, Minnesota including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 214
Public Housing 159
Section 8 Project-Based Rental Assistance 340
Section 811 Supportive Housing for Persons with Disabilities 15
Tracked Units by Federal Program in St. Louis Park, Minnesota

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

Income Based Apartments in St. Louis Park, Minnesota

St. Louis Park features 259 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 St. Louis Park, Minnesota

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St. Louis Park.

Housing Choice Vouchers in St. Louis Park, Minnesota

On average, Section 8 Housing Choice vouchers pay St. Louis Park landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in St. Louis Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in St. Louis Park, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.