Low Income Apartments For Rent in North Mankato, MN

Rental assistance programs support 89 low-income homes in North Mankato where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $368 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving North Mankato, 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
North Mankato Housing And Redevelopment Authority	Public Housing
Blue Earth County Economic Development Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
City of Mankato Economic Development Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

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

North Mankato, Minnesota Affordable Housing Data

Income Based Apartments in North Mankato, Minnesota

North Mankato features 89 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 North Mankato, Minnesota

There are 137 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Mankato.

Housing Choice Vouchers in North Mankato, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in North Mankato, Minnesota for a two-bedroom apartment is between $991 and $1,211.

2024 North Mankato, 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
North Mankato, Minnesota Fair Market Rent	$897	$903	$1,101	$1,552	$1,868
North Mankato, Minnesota Payment Standard Range	$807 to $987	$813 to $993	$991 to $1,211	$1,397 to $1,707	$1,681 to $2,055

Sourced from federal housing data and AffordableHousingOnline.com research.

North Mankato, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 4

Total Low Income Apartments 226

Total Housing Units with Rental Assistance 89

Percentage of Housing Units Occupied By Renters 27.69%

Average Renter Household Size 1.89

Average Household Size 2.28

Median Household Income $55,440 ±$3,910

Median Rent $736 ±$53

Percentage Of Renters Overburdened 40.07% ± 10.69pp

Total Population 13,438

Total Affordable Apartment Properties	4
Total Low Income Apartments	226
Total Housing Units with Rental Assistance	89
Percentage of Housing Units Occupied By Renters	27.69%
Average Renter Household Size	1.89
Average Household Size	2.28
Median Household Income	$55,440 ±$3,910
Median Rent	$736 ±$53
Percentage Of Renters Overburdened	40.07% ± 10.69pp
Total Population	13,438

Population and Household Demographics

North Mankato is a city in Blue Earth County, Minnesota with a population of 13,438. There are 5,858 households in the city with an average household size of 2.28 persons. 27.69% of households in North Mankato are renters.

Income and Rent Overburden in North Mankato

The median gross income for households in North Mankato is $55,440 a year, or $4,620 a month. The median rent for the city is $736 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Mankato, a household making less than $2,453 a month would be considered overburdened when renting an apartment at or above the median rent. 40.07% of households who rent are overburdened in North Mankato.

Area Median Income In North Mankato

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 North Mankato, the AMI is calculated from all households within Blue Earth County.

In North Mankato, HUD calculates the Area Median Income for a family of four as $99,100

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 North Mankato

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 North Mankato

	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 North Mankato AMI may qualify for rental assistance programs that target Extremely Low Income households.	$20,050	$22,900	$25,750	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the North Mankato AMI may qualify for rental assistance programs that target Very Low Income households.	$33,400	$38,150	$42,900	$47,650	$51,500	$55,300	$59,100	$62,900
80% AMI Income Limits Renters earning up to 80% of the North Mankato AMI may qualify for rental assistance programs that target Low Income households.	$53,400	$61,000	$68,650	$76,250	$82,350	$88,450	$94,550	$100,650