Low Income Apartments For Rent in Spring Lake Park, MN

Rental assistance programs support 60 low-income homes in Spring Lake Park where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $477 towards rent each month.

Affordable rent data for some communities last confirmed on January 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Spring Lake Park, 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
Metropolitan Council Housing and Redevelopment Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Spring Lake Park.

Spring Lake Park, Minnesota Affordable Housing Data

Income Based Apartments in Spring Lake Park, Minnesota

Spring Lake Park features 60 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 Spring Lake Park, Minnesota

There are 194 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring Lake Park.

Housing Choice Vouchers in Spring Lake Park, Minnesota

On average, Section 8 Housing Choice vouchers pay Spring Lake Park landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Spring Lake Park.

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

2024 Spring Lake Park, 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
Spring Lake Park, Minnesota Fair Market Rent	$1,174	$1,327	$1,622	$2,188	$2,478
Spring Lake Park, 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.

Spring Lake Park, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 254

Total Housing Units with Rental Assistance 60

Percentage of Housing Units Occupied By Renters 28.01%

Average Renter Household Size 2.01

Average Household Size 2.36

Median Household Income $51,719 ±$7,626

Median Rent $884 ±$35

Percentage Of Renters Overburdened 59.77% ± 12.66pp

Total Population 6,504

Total Affordable Apartment Properties	2
Total Low Income Apartments	254
Total Housing Units with Rental Assistance	60
Percentage of Housing Units Occupied By Renters	28.01%
Average Renter Household Size	2.01
Average Household Size	2.36
Median Household Income	$51,719 ±$7,626
Median Rent	$884 ±$35
Percentage Of Renters Overburdened	59.77% ± 12.66pp
Total Population	6,504

Population and Household Demographics

Spring Lake Park is a city in Anoka County, Minnesota with a population of 6,504. There are 2,742 households in the city with an average household size of 2.36 persons. 28.01% of households in Spring Lake Park are renters.

Income and Rent Overburden in Spring Lake Park

The median gross income for households in Spring Lake Park is $51,719 a year, or $4,310 a month. The median rent for the city is $884 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spring Lake Park, a household making less than $2,947 a month would be considered overburdened when renting an apartment at or above the median rent. 59.77% of households who rent are overburdened in Spring Lake Park.

Area Median Income In Spring Lake Park

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 Spring Lake Park, the AMI is calculated from all households within Anoka County.

In Spring Lake Park, 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 Spring Lake Park

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 Spring Lake Park

	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 Spring Lake Park 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 Spring Lake Park 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 Spring Lake Park 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