Low Income Apartments and Affordable Housing For Rent in Stewartville, MN

Discover affordable housing in Stewartville 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.

Eastside Village

111 2nd St SE, Stewartville, Minnesota 55976

Downtowner II Apartments

106 4th St NE, Stewartville, Minnesota 55976

Stewartville Apartments

206 6th St SE, Stewartville, Minnesota 55976

Cottages of Stewartville

1850 1st Ave NE, Stewartville, Minnesota 55976

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stewartville, Minnesota
$21.74/hour
$12.89 (+146%) more than Minnesota minimum wage and $14.49 (+200%) more than the Federal minimum wage.
Learn More About Stewartville, Minnesota Affordable Housing ↓

What HUD offices serve Stewartville, 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 Stewartville, Minnesota.

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

How many renters live in Stewartville, Minnesota?

The City of Stewartville has 6,684 people living in 2,515 households.

There are 1,210 renters living in 553 renter households in this City. Renters make up 18.1 percent of the population living in Stewartville.

What is the rental market like in Stewartville, Minnesota?

There are an estimated 2,596 housing units in the Stewartville area. Of these, 553 units are rental homes, making up 21 percent of the housing market. For every renter household in Stewartville, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Stewartville?

The rental vacancy rate in Stewartville 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 Stewartville for each bedroom size?

Occupied Rental Units by Size in Stewartville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
76 168 130 92 66
Occupied Rental Units by Size in Stewartville

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

Among renter households in this market, 33 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 Stewartville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $814 to $1,948. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $814
One BR $927
Two BR $1,148
Three BR $1,618
Four BR $1,948
2024 Fair Market Rents in Stewartville, Minnesota

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

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 20 26 percent
One BR 150 89 percent
Two BR 49 38 percent
Rental Units Below FMR in Stewartville, Minnesota

How many affordable rental units are in Stewartville?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 30
USDA Section 515 Rural Rental Housing 35
Tracked Units by Federal Program in Stewartville, Minnesota

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

Income Based Apartments in Stewartville, Minnesota

Stewartville features 90 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 Stewartville, Minnesota

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stewartville.

Housing Choice Vouchers in Stewartville, Minnesota

On average, Section 8 Housing Choice vouchers pay Stewartville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stewartville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stewartville, Minnesota for a two-bedroom apartment is between $1,033 and $1,263.

Sourced from federal housing data and AffordableHousingOnline.com research.