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

Discover affordable housing in Watonwan County where there are 8+ 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.

Hartshorn Manor

23 Benzel Ave NW, Madelia, Minnesota 56062

Parkview Apartments

606 Dill Ave SW, Madelia, Minnesota 56062

Twin Oaks Apartments

509 E Main St, Madelia, Minnesota 56062

Jamestown Apts

510 5th Ave N and , St James, Minnesota

Park Apartments

909 7th Ave N, St James, Minnesota 56081

Somerset North Apartments

720 10th Ave N, St James, Minnesota 56081

Bell Apartments

411 5th Ave N, St James, Minnesota 56081

Gem Apartments

412 E Main St, Madelia, Minnesota 56062

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 Watonwan 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 Watonwan County, Minnesota Affordable Housing ↓

What HUD offices serve Watonwan County, 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 Watonwan County, Minnesota.

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

How many renters live in Watonwan County, Minnesota?

The County of Watonwan County has 11,205 people living in 4,301 households.

There are 1,947 renters living in 862 renter households in this County. Renters make up 17.38 percent of the population living in Watonwan County.

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

There are an estimated 4,879 housing units in the Watonwan County area. Of these, 945 units are rental homes, making up 19 percent of the housing market. For every renter household in Watonwan County, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Watonwan County?

The rental vacancy rate in Watonwan County is 6 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 Watonwan County for each bedroom size?

Occupied Rental Units by Size in Watonwan County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
64 232 353 119 70
Occupied Rental Units by Size in Watonwan County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 12 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 Watonwan County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $806
Two BR $905
Three BR $1,275
Four BR $1,324
2024 Fair Market Rents in Watonwan County, Minnesota

How many units are rented at Fair Market Rent (FMR) in Watonwan 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 59 92 percent
One BR 170 73 percent
Two BR 254 72 percent
Rental Units Below FMR in Watonwan County, Minnesota

How many affordable rental units are in Watonwan County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 77
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 116
Tracked Units by Federal Program in Watonwan County, Minnesota

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

Income Based Apartments in Watonwan County, Minnesota

Watonwan County features 209 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 Watonwan County, Minnesota

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watonwan County.

Housing Choice Vouchers in Watonwan County, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.