Low Income Apartments and Affordable Housing For Rent in St Francis, MN

Discover affordable housing in St Francis where there are 3+ 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.

St. Francis Apartments

23551 DeGardner Circle, St Francis, Minnesota 55070

Rum River Square Apartments

3040 Bridge Street NW, St Francis, Minnesota 55070

Rum River Square Apartments

3040 Bridge Street, St Francis, Minnesota

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In St Francis, 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 Francis, Minnesota Affordable Housing ↓

What HUD offices serve St Francis, 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 Francis, Minnesota.

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

How many renters live in St Francis, Minnesota?

The City of St Francis has 8,198 people living in 2,780 households.

There are 949 renters living in 382 renter households in this City. Renters make up 11.58 percent of the population living in St Francis.

What is the rental market like in St Francis, Minnesota?

There are an estimated 2,801 housing units in the St Francis area. Of these, 382 units are rental homes, making up 14 percent of the housing market. For every renter household in St Francis, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in St Francis?

The rental vacancy rate in St Francis is 0 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 Francis for each bedroom size?

Occupied Rental Units by Size in St Francis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 39 257 70 16
Occupied Rental Units by Size in St Francis

A large number of apartments in St Francis 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 Francis are overburdened by housing costs?

Among renter households in this market, 34 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 Francis

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 Francis, Minnesota

How many units are rented at Fair Market Rent (FMR) in St Francis?

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
One BR 39 100 percent
Two BR 233 91 percent
Rental Units Below FMR in St Francis, Minnesota

How many affordable rental units are in St Francis?

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

Federal Program Unit Count
Low Income Housing Tax Credit 30
Public Housing 8
Section 8 Project-Based Rental Assistance 42
USDA Section 515 Rural Rental Housing 45
Tracked Units by Federal Program in St Francis, Minnesota

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

Income Based Apartments in St Francis, Minnesota

St Francis features 66 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 Francis, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Francis.

Housing Choice Vouchers in St Francis, Minnesota

On average, Section 8 Housing Choice vouchers pay St Francis landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in St Francis.

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

Sourced from federal housing data and AffordableHousingOnline.com research.