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

Discover affordable housing in Wabasha where there are 1+ 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.

Maple Grove

730 6th St W, Wabasha, Minnesota 55981

calendar_today Opened: Aug 7
calendar_today Closed: Feb 14,

Reported On January 24th, 2024 by Lorena Bentley

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

What HUD offices serve Wabasha, 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 Wabasha, Minnesota.

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

How many renters live in Wabasha, Minnesota?

The City of Wabasha has 2,560 people living in 1,238 households.

There are 454 renters living in 348 renter households in this City. Renters make up 17.73 percent of the population living in Wabasha.

What is the rental market like in Wabasha, Minnesota?

There are an estimated 1,353 housing units in the Wabasha area. Of these, 348 units are rental homes, making up 26 percent of the housing market. For every renter household in Wabasha, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Wabasha?

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

Occupied Rental Units by Size in Wabasha
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
44 155 95 26 28
Occupied Rental Units by Size in Wabasha

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

Among renter households in this market, 28 percent have housing cost burden. Further, 16 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 Wabasha

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $785 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $785
One BR $806
Two BR $905
Three BR $1,275
Four BR $1,536
2024 Fair Market Rents in Wabasha, Minnesota

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

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 44 100 percent
One BR 52 34 percent
Two BR 66 69 percent
Rental Units Below FMR in Wabasha, Minnesota

How many affordable rental units are in Wabasha?

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

Federal Program Unit Count
Public Housing 85
Tracked Units by Federal Program in Wabasha, Minnesota

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

Income Based Apartments in Wabasha, Minnesota

Wabasha features 110 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 Wabasha, Minnesota

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

Housing Choice Vouchers in Wabasha, Minnesota

On average, Section 8 Housing Choice vouchers pay Wabasha landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Wabasha.

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

Sourced from federal housing data and AffordableHousingOnline.com research.