The Grainwood Senior Apartments
5119 Gateway Street, SE, Prior Lake, Minnesota 55372
Contact The Grainwood Senior Apartments
The Grainwood Senior Apartments is managed by Dominium.
Welcome to The Grainwood Senior Apartments!
LIMITED TIME OFFER: Check out our NEWLY REDUCED RENTS, plus enjoy 2 MONTHS FREE on select 3 bedrooms! *Some restrictions may apply.
The Grainwood Senior Apartments brings the feel of a cozy lake place to the heart of Prior Lake! Conveniently located near parks, shopping, and restaurants, The Grainwood offers the freedoms of contemporary maintenance-free living combined with amenities such as granite counters, a built-in washer/dryer in every home, and underground heated parking.
Are you ready for convenient living? The Grainwood apartments for adults 55 and older, in beautiful Prior Lake, are the answer for you! Located just south of overbuilt 494 suburbs, the Grainwood offers Up North living in the south Metro. Our resident amenities are as equally impressive as our apartment homes, including a community room with a full kitchen and fireplace, a theatre room to enjoy the big games, and even a beauty salon!
Give us a call at (952) 403-1280 to find out more today.
*The Grainwood participates in an affordable housing program. Household income & student status limitations apply. Please call for more details.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom - E (1/1) | 726 | Call for Price |
| One Bedroom - A (1/1) | 731 | Call for Price |
| One Bedroom - J (1/1) | 747 | Call for Price |
| One Bedroom - G (1/1) | 756 | Call for Price |
| One Bedroom - B (1/1) | 767 | Call for Price |
| One Bedroom - M (1/1) | 780 | Call for Price |
| One Bedroom - L (Wheelchair Accessible) (1/1) | 786 | Call for Price |
| One Bedroom - H (1/1) | 799 | Call for Price |
| One Bedroom - D (1/1) | 800 | Call for Price |
| One Bedroom - C (1/1) | 800 | Call for Price |
| One Bedroom - K (1/1) | 813 | Call for Price |
| One Bedroom - F (1/1) | 868 | Call for Price |
| Two Bedroom - G (2/2) | 1000 | Call for Price |
| Two Bedroom - H (2/2) | 1057 | Call for Price |
| Two Bedroom - F (2/2) | 1074 | Call for Price |
| Two Bedroom - C (2/2) | 1174 | Call for Price |
| Two Bedroom - D (2/2) | 1186 | Call for Price |
| Two Bedroom - E (Wheelchair Accessible) (2/2) | 1187 | Call for Price |
| Two Bedroom - A (2/2) | 892 | Call for Price |
| Two Bedroom - B (2/2) | 994 | Call for Price |
| Three Bedroom - A (3/2) | 1259 | Call for Price |
| Three Bedroom - C (Wheelchair Accessible) (3/2) | 1286 | Call for Price |
| Three Bedroom - B (3/2) | 1297 | Call for Price |
Eligibility for The Grainwood Senior Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Prior Lake but actual income limits may differ for units at The Grainwood Senior Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Low Income (60%) | $52,200 | $59,640 | $67,080 | $74,520 | $80,520 | $86,460 |
The Grainwood Senior Apartments Details
- 168 one, two and three bedroom units.
- Garden
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Fitness Center
- Community Room
- Business Center
- Library
- On-Site Manager
- 24hr Emergency Maintenance
- Underground Parking
- Grilling Area
- Community Media Center
- Shuttle Bus
- High Speed Internet Access
- Beauty Salon
Unit Amenities
- Dishwasher
- Garbage Disposal
- Walk-in Closet(s)
- Extra Storage
- Water Trash and Sewer Included
- Balconies or Patios Available
- Central Heat & Air
- Cable & Internet Ready
- Washer and Dryer Included
- Oversized Windows
- Built in microwave
- High Ceilings
Office Hours
| Day | Hours |
|---|---|
| Monday | 9:00am-5:00pm |
| Tuesday | 9:00am-5:00pm |
| Wednesday | 9:00am-5:00pm |
| Thursday | 9:00am-5:00pm |
| Friday | 9:00am-5:00pm |
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
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