Apply to Luverne Apartment Waiting Lists
Stone Creek Townhomes
- «
- 1
- »
There are 48 low-income apartments in Luverne that offer reduced rents to eligible households. Low-income rents in Luverne, Minnesota can range from $645 to $670 depending on the number of bedrooms.
Rental assistance programs support 164 low-income homes in Luverne where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Luverne, 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.
| Housing Authority | Programs |
|---|---|
| Housing and Redevelopment Authority of Luverne | Public Housing |
Luverne, Minnesota Affordable Housing Data
Income Based Apartments in Luverne, Minnesota
Luverne features 164 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 Luverne, Minnesota
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Luverne.
Housing Choice Vouchers in Luverne, Minnesota
On average, Section 8 Housing Choice vouchers pay Luverne landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Luverne.
The maximum amount a voucher would pay on behalf of a low-income tenant in Luverne, Minnesota for a two-bedroom apartment is between $847 and $1,035.
2024 Luverne, 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 | |
|---|---|---|---|---|---|
| Luverne, Minnesota Fair Market Rent | $638 | $716 | $941 | $1,247 | $1,314 |
| Luverne, Minnesota Payment Standard Range | $574 to $702 | $644 to $788 | $847 to $1,035 | $1,122 to $1,372 | $1,183 to $1,445 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Luverne, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 212 |
| Total Housing Units with Rental Assistance | 164 |
| Percentage of Housing Units Occupied By Renters | 33.48% |
| Average Renter Household Size | 1.93 |
| Average Household Size | 2.15 |
| Median Household Income | $44,583 ±$5,430 |
| Median Rent | $644 ±$67 |
| Percentage Of Renters Overburdened | 44.4% ± 10.38pp |
| Total Population | 4,665 |
Population and Household Demographics
Luverne is a city in Rock County, Minnesota with a population of 4,665. There are 2,079 households in the city with an average household size of 2.15 persons. 33.48% of households in Luverne are renters.
Income and Rent Overburden in Luverne
The median gross income for households in Luverne is $44,583 a year, or $3,715 a month. The median rent for the city is $644 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Luverne, a household making less than $2,147 a month would be considered overburdened when renting an apartment at or above the median rent. 44.4% of households who rent are overburdened in Luverne.
Area Median Income In Luverne
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.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Luverne, the AMI is calculated from all households within Rock County.
In Luverne, HUD calculates the Area Median Income for a family of four as $94,300
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 Luverne
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 Luverne
| 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 Luverne AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,550 | $21,200 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Luverne AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,900 | $35,300 | $39,700 | $44,100 | $47,650 | $51,200 | $54,700 | $58,250 |
| 80% AMI Income Limits Renters earning up to 80% of the Luverne AMI may qualify for rental assistance programs that target Low Income households. |
$49,400 | $56,450 | $63,500 | $70,550 | $76,200 | $81,850 | $87,500 | $93,150 |
© 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.