Affordable Housing In Steele County
Minnesota

18 Low Income Apartment Communities In Steele County

Northgate Apartments

131 W Rose St
Owatonna, MN
$695-810
1-2 BR
HCV Welcome

Irongate Apartments

310 E 4th Ave N
Aurora, MN
Income Based
1-3 BR
Subsidized

Lincoln Square

435 16th St NE
Owatonna, MN
$691-1,000
1-3 BR
Subsidized

Ellendale Square

208 7th Ave W
Ellendale, MN
$460-511
1-2 BR

Willow Run I & II Townhomes

2785 3rd Ave NE
Owatonna, MN
$850-895
3 BR

Cedar Run Townhomes

2300 N Cedar Ave
Owatonna, MN
HCV Welcome

Ivanhoe Apartments

230 12th St NE
Owatonna, MN
Subsidized

Parkview Heights Townhouses

402 Saint Paul Pl
Owatonna, MN
Subsidized

Owatonna Senior Housing, Inc Aka Maple Trail

165 24th Pl NW
Owatonna, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Cedardale South

2211 Hartle Ave
Owatonna, MN
Subsidized

Other Housing Authorities located in Steele County

Housing Authority Programs
Owatonna HRA Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Steele County, Minnesota

According to federal housing data and AffordableHousingOnline.com research, there are 18 low income housing apartment communities offering 643 affordable apartments for rent in Steele County, Minnesota. Steele County features 430 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 213 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Steele County.

Steele County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 643
Total Housing Units with Rental Assistance 430
Percentage of Housing Units Occupied By Renters 23.65%
Average Renter Household Size 2.12
Average Household Size 2.52
Median Household Income $57,858 ±$2,118
Median Rent $731 ±$30
Percentage Of Renters Overburdened 48% ± 6.73pp
Total Population 36,523

Population and Household Demographics

Steele County is a County in Minnesota with a population of 36,523. There are 14,271 households in the county with an average household size of 2.52 persons. 23.65% of households in Steele County are renters.

Income and Rent Overburden in Steele County

The median gross income for households in Steele County is $57,858 a year, or $4,822 a month. The median rent for the county is $731 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Steele County, a household making less than $2,437 a month would be considered overburdened when renting an apartment at or above the median rent. 48% of households who rent are overburdened in Steele County.1

Area Median Income In Steele 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 Steele County, HUD calculates the Area Median Income for a family of four as $78,500

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 Steele 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 Steele County HUD Rental Assistance in Steele County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,500 $18,850 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,500 $31,400 $35,350 $39,250 $42,400 $45,550 $48,700 $51,850
80% of Median $44,000 $50,250 $56,550 $62,800 $67,850 $72,850 $77,900 $82,900
Low Income Housing Tax Credits in Steele County

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

From 1987 to 2004, 8 low income apartment communities containing 300 rental apartments have been constructed and made affordable to low income persons in Steele County 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 Steele County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,500 $31,400 $35,350 $39,250 $42,400 $45,550 $48,700 $51,850
60% of Median $33,000 $37,680 $42,420 $47,100 $50,880 $54,660 $58,440 $62,220

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 Steele County is $42,420 a year, or $3,535 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,535 by 30% to get a maximum rent of $1,061 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% $688 $736 $884 $1,021 $1,139 $1,257
60% $825 $884 $1,061 $1,225 $1,367 $1,508
Fair Market Rents in Steele County

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
$543 $632 $833 $1,181 $1,463

Cities In Steele County

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

City Listings Served By
Owatonna 15 The HUD funded Public Housing Agency that serves Owatonna is the Owatonna HRA.
Ellendale 1
Medford 1
Aurora 1
Berlin 0
Blooming Prairie 0
Clinton Falls 0
Deerfield 0
Havana 0
Lemond 0
Medfordship 0
Meriden 0
Merton 0
Owatonnaship 0
Somerset 0
Summit 0