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

Discover affordable housing in Wyoming where there are 5+ 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.

Haven Estates

5595 E Viking Blvd, Wyoming, Minnesota 55092

Haven Estates Wyoming

5635 E Viking Blvd, Wyoming, Minnesota 55092

Meadow View Apartments Aka Fairview Seniors

5430 Meadow Ln, Wyoming, Minnesota 55092

Wyoming Oakwood Townhomes

26890 Goldman Blvd, Wyoming, Minnesota 55092

Middle Haven

5613 E Viking Blvd, Wyoming, Minnesota 55092

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wyoming, Minnesota
$30.72/hour
$21.87 (+247%) more than Minnesota minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Wyoming, Minnesota Affordable Housing ↓

How many renters live in Wyoming, Minnesota?

The City of Wyoming has 8,037 people living in 2,879 households.

There are 860 renters living in 348 renter households in this City. Renters make up 10.7 percent of the population living in Wyoming.

What is the rental market like in Wyoming, Minnesota?

There are an estimated 2,915 housing units in the Wyoming area. Of these, 348 units are rental homes, making up 12 percent of the housing market. For every renter household in Wyoming, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Wyoming?

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

Occupied Rental Units by Size in Wyoming
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 105 90 153 0
Occupied Rental Units by Size in Wyoming

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

Among renter households in this market, 38 percent have housing cost burden. Further, 15 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 Wyoming

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Wyoming, Minnesota

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

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 97 92 percent
Two BR 15 17 percent
Rental Units Below FMR in Wyoming, Minnesota

How many affordable rental units are in Wyoming?

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

Federal Program Unit Count
Low Income Housing Tax Credit 26
Section 202 Supportive Housing for the Elderly 31
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in Wyoming, Minnesota

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

Income Based Apartments in Wyoming, Minnesota

Wyoming features 72 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 Wyoming, Minnesota

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wyoming.

Housing Choice Vouchers in Wyoming, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wyoming, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.