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

Discover affordable housing in Trimont where there are 2+ 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.

Trimont Square Apartments

121 E Main St , Trimont, Minnesota 56176

Birch Street Apartments

131 Birch St W, Trimont, Minnesota 56176

calendar_today Opened: Jun 6
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Trimont, Minnesota
$17.42/hour
$8.57 (+97%) more than Minnesota minimum wage and $10.17 (+140%) more than the Federal minimum wage.
Learn More About Trimont, Minnesota Affordable Housing ↓

What HUD offices serve Trimont, 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) programs for Trimont, Minnesota.

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

How many renters live in Trimont, Minnesota?

The City of Trimont has 684 people living in 301 households.

There are 79 renters living in 54 renter households in this City. Renters make up 11.55 percent of the population living in Trimont.

What is the rental market like in Trimont, Minnesota?

There are an estimated 323 housing units in the Trimont area. Of these, 62 units are rental homes, making up 19 percent of the housing market. For every renter household in Trimont, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Trimont?

The rental vacancy rate in Trimont is 13 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 Trimont for each bedroom size?

Occupied Rental Units by Size in Trimont
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 15 23 12 4
Occupied Rental Units by Size in Trimont

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

Among renter households in this market, 37 percent have housing cost burden. Further, 4 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 Trimont

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $624 to $1,225. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $624
One BR $700
Two BR $920
Three BR $1,221
Four BR $1,225
2024 Fair Market Rents in Trimont, Minnesota

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

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 15 100 percent
Two BR 19 83 percent
Rental Units Below FMR in Trimont, Minnesota

How many affordable rental units are in Trimont?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Trimont, Minnesota

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

Income Based Apartments in Trimont, Minnesota

Trimont features 28 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 Trimont, Minnesota

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

Housing Choice Vouchers in Trimont, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Trimont, Minnesota for a two-bedroom apartment is between $828 and $1,012.

Sourced from federal housing data and AffordableHousingOnline.com research.