Braham Square Townhomes
Cambridge Town Square
Cherokee Place
Elmhurst Apartments
Willow Grove Apartments
Braham Heights
There are 312 low-income apartments in Isanti County that offer reduced rents to eligible households. Low-income rents in Isanti County, Minnesota can range from $495 to $1,418 depending on the number of bedrooms.
Rental assistance programs support 462 low-income homes in Isanti County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $359 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Isanti County, Minnesota Affordable Housing Data
Income Based Apartments in Isanti County, Minnesota
Isanti County features 462 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 Isanti County, Minnesota
There are 312 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Isanti County.
Housing Choice Vouchers in Isanti County, Minnesota
On average, Section 8 Housing Choice vouchers pay Isanti County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Isanti County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Isanti County, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
2024 Isanti County, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Isanti County, Minnesota Fair Market Rent | $1,174 | $1,327 | $1,622 | $2,188 | $2,478 |
| Isanti County, Minnesota Payment Standard Range | $1,057 to $1,291 | $1,194 to $1,460 | $1,460 to $1,784 | $1,969 to $2,407 | $2,230 to $2,726 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Isanti County, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 28 |
|---|---|
| Total Low Income Apartments | 778 |
| Total Housing Units with Rental Assistance | 462 |
| Percentage of Housing Units Occupied By Renters | 19.14% |
| Average Renter Household Size | 2.34 |
| Average Household Size | 2.68 |
| Median Household Income | $59,865 ±$1,971 |
| Median Rent | $843 ±$62 |
| Percentage Of Renters Overburdened | 45.52% ± 8.33pp |
| Total Population | 38,296 |
Population and Household Demographics
Isanti County is a county in Minnesota with a population of 38,296. There are 14,059 households in the county with an average household size of 2.68 persons. 19.14% of households in Isanti County are renters.
Income and Rent Overburden in Isanti County
The median gross income for households in Isanti County is $59,865 a year, or $4,989 a month. The median rent for the county is $843 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Isanti County, a household making less than $2,810 a month would be considered overburdened when renting an apartment at or above the median rent. 45.52% of households who rent are overburdened in Isanti County.
Area Median Income In Isanti County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Isanti County, HUD calculates the Area Median Income for a family of four as $124,900
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Isanti County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Isanti County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Isanti County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$26,100 | $29,800 | $33,550 | $37,250 | $40,250 | $43,250 | $46,200 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Isanti County AMI may qualify for rental assistance programs that target Very Low Income households. |
$43,500 | $49,700 | $55,900 | $62,100 | $67,100 | $72,050 | $77,050 | $82,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Isanti County AMI may qualify for rental assistance programs that target Low Income households. |
$66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 | $117,400 | $124,950 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.