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

Discover affordable housing in Traverse County 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.

Wheaton Elderly

301 So 13th Street, Wheaton, Minnesota 56296

Valley Vista Apartments

317 2nd Ave SW, Browns Valley, Minnesota 56219

Towers Apartments I

202 Trail St N, Wheaton, Minnesota 56296

Lake Traverse Proj

46830 Sweetcorn Dr, Browns Valley, Minnesota 56219

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Traverse County, Minnesota
$17.14/hour
$8.29 (+94%) more than Minnesota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Traverse County, Minnesota Affordable Housing ↓

How many renters live in Traverse County, Minnesota?

The County of Traverse County has 3,345 people living in 1,433 households.

There are 545 renters living in 294 renter households in this County. Renters make up 16.29 percent of the population living in Traverse County.

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

There are an estimated 1,889 housing units in the Traverse County area. Of these, 323 units are rental homes, making up 17 percent of the housing market. For every renter household in Traverse County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Traverse County?

The rental vacancy rate in Traverse County is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Traverse County for each bedroom size?

Occupied Rental Units by Size in Traverse County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 84 122 57 24
Occupied Rental Units by Size in Traverse County

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

Among renter households in this market, 33 percent have housing cost burden. Further, 10 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 Traverse County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,390. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $712
Two BR $905
Three BR $1,275
Four BR $1,390
2024 Fair Market Rents in Traverse County, Minnesota

How many units are rented at Fair Market Rent (FMR) in Traverse 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
One BR 67 80 percent
Two BR 90 74 percent
Rental Units Below FMR in Traverse County, Minnesota

How many affordable rental units are in Traverse County?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Traverse County, Minnesota

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

Income Based Apartments in Traverse County, Minnesota

Traverse County features 36 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 Traverse County, Minnesota

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Traverse County.

Housing Choice Vouchers in Traverse County, Minnesota

On average, Section 8 Housing Choice vouchers pay Traverse County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Traverse County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Traverse County, Minnesota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.