Low Income Apartments and Affordable Housing For Rent in Steele County, MN

Discover affordable housing in Steele County where there are 21+ 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.

Willow Run I & II Townhomes

2785 3rd Ave NE, Owatonna, Minnesota 55060

Northgate Apartments

131 West Rose Street, Owatonna, Minnesota 55060

Lincoln Square

435 16th St NE, Owatonna, Minnesota 55060

Irongate Apartments

310 E 4th Ave N, Aurora, Minnesota 55705

Cedar Run Townhomes

2300 N Cedar Ave, Owatonna, Minnesota 55060

North Court

1512 Saint Paul Rd, Owatonna, Minnesota 55060

Medford Manor

216 1st St SE, Medford, Minnesota 55049

Ivanhoe Apartments

220 12th St NE, Owatonna, Minnesota 55060

Cedardale West Apartments

325 Cedardale Dr SE, Owatonna, Minnesota 55060

Cedardale South Apartments

345 Cedardale Dr SE, Owatonna, Minnesota 55060

Cedardale North Apartments

324 Cedardale Dr SE, Owatonna, Minnesota 55060

Kay Knutson Apartments Aka Asi - Owatonna, Inc

905 El Dorado St SE, Owatonna, Minnesota 55060

Owatonna Senior Housing, Inc Aka Maple Trail

165 24th Pl NW, Owatonna, Minnesota 55060

Parkview Heights Townhouses

402 Saint Paul Pl, Owatonna, Minnesota 55060

Cedardale South

2211 Hartle Ave, Owatonna, Minnesota 55060

Ellendale Square

208 7th Ave W, Ellendale, Minnesota 56026

Willow Run Townhomes

2630 3rd Ave NE, Owatonna, Minnesota 55060

Bridge Court Apartments

614 W Bridge St, Owatonna, Minnesota 55060

Eastgate Apartments

407 Cherry St, Owatonna, Minnesota 55060

Heather Court Apt

635 Hilltop Ave, Owatonna, Minnesota

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Steele County, Minnesota
$20.09/hour
$11.24 (+127%) more than Minnesota minimum wage and $12.84 (+177%) more than the Federal minimum wage.
Learn More About Steele County, Minnesota Affordable Housing ↓

How many renters live in Steele County, Minnesota?

The County of Steele County has 37,396 people living in 15,011 households.

There are 6,730 renters living in 3,387 renter households in this County. Renters make up 18 percent of the population living in Steele County.

What is the rental market like in Steele County, Minnesota?

There are an estimated 15,731 housing units in the Steele County area. Of these, 3,548 units are rental homes, making up 23 percent of the housing market. For every renter household in Steele County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Steele County?

The rental vacancy rate in Steele County is 4 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 Steele County for each bedroom size?

Occupied Rental Units by Size in Steele County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
142 1,145 1,237 624 103
Occupied Rental Units by Size in Steele County

A large number of apartments in Steele County 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 Steele County are overburdened by housing costs?

Among renter households in this market, 55 percent have housing cost burden. Further, 22 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 Steele County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $808 to $1,801. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $808
One BR $814
Two BR $1,061
Three BR $1,495
Four BR $1,801
2024 Fair Market Rents in Steele County, Minnesota

How many units are rented at Fair Market Rent (FMR) in Steele County?

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 43 30 percent
One BR 687 60 percent
Two BR 707 57 percent
Rental Units Below FMR in Steele County, Minnesota

How many affordable rental units are in Steele County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 279
Section 8 Project-Based Rental Assistance 260
Section 202 Supportive Housing for the Elderly 25
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 147
Tracked Units by Federal Program in Steele County, Minnesota

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

Income Based Apartments in Steele County, Minnesota

Steele County features 631 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 Steele County, Minnesota

There are 188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Steele County.

Housing Choice Vouchers in Steele County, Minnesota

On average, Section 8 Housing Choice vouchers pay Steele County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Steele County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Steele County, Minnesota for a two-bedroom apartment is between $955 and $1,167.

Sourced from federal housing data and AffordableHousingOnline.com research.