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

Discover affordable housing in Welcome 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.

Welcome Housing

128 Campbell St, Welcome, Minnesota 56181

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 Welcome, 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 Welcome, Minnesota Affordable Housing ↓

What HUD offices serve Welcome, 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 Welcome, Minnesota.

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

How many renters live in Welcome, Minnesota?

The City of Welcome has 824 people living in 329 households.

There are 111 renters living in 48 renter households in this City. Renters make up 13.47 percent of the population living in Welcome.

What is the rental market like in Welcome, Minnesota?

There are an estimated 374 housing units in the Welcome area. Of these, 48 units are rental homes, making up 13 percent of the housing market. For every renter household in Welcome, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Welcome?

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

Occupied Rental Units by Size in Welcome
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 4 35 1 6
Occupied Rental Units by Size in Welcome

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

Among renter households in this market, 35 percent have housing cost burden. Further, 8 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 Welcome

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 Welcome, Minnesota

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

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 1 50 percent
One BR 3 75 percent
Two BR 20 57 percent
Rental Units Below FMR in Welcome, Minnesota

How many affordable rental units are in Welcome?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Welcome, Minnesota

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

Income Based Apartments in Welcome, Minnesota

Welcome features 12 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 Welcome, Minnesota

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

Housing Choice Vouchers in Welcome, Minnesota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.