; Low Income Apartments For Rent in Watonwan County, MN

Hartshorn Manor

23 Benzel Ave NW
Madelia, Minnesota
Subsidized
Senior
S. 202
PBRA
BMIR
$654
1 BR

Parkview Apartments

606 Dill Ave SW
Madelia, Minnesota
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Twin Oaks Apartments

509 E Main St
Madelia, Minnesota
Rent Assisted
Senior
Supportive
S515

Bell Apartments

411 5th Ave N
St James, Minnesota
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Jamestown Apts

510 5th Ave N and
St James, Minnesota
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Park Apartments

909 7th Ave N
St James, Minnesota
Subsidized
Public Housing

Somerset North Apartments

720 10th Ave N
St James, Minnesota
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Gem Apartments

412 E Main St
Madelia, Minnesota
Rent Assisted
Senior
Supportive
S515
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There are 24 low-income apartments in Watonwan County that offer reduced rents to eligible households. Low-income rents in Watonwan County, Minnesota can range from $654 to $654 depending on the number of bedrooms.

Rental assistance programs support 209 low-income homes in Watonwan County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $309 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 Watonwan County, 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
South Central Minnesota Multi County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV)
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Watonwan County.

Watonwan County, Minnesota Affordable Housing Data

Income Based Apartments in Watonwan County, Minnesota

Watonwan County features 209 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 Watonwan County, Minnesota

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watonwan County.

Housing Choice Vouchers in Watonwan County, Minnesota

On average, Section 8 Housing Choice vouchers pay Watonwan County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Watonwan County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Watonwan County, Minnesota for a two-bedroom apartment is between $815 and $996.

2024 Watonwan 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
Watonwan County, Minnesota Fair Market Rent $613 $806 $905 $1,275 $1,324
Watonwan County, Minnesota Payment Standard Range $552 to $674 $725 to $887 $815 to $996 $1,148 to $1,403 $1,192 to $1,456

Sourced from federal housing data and AffordableHousingOnline.com research.

Watonwan County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 233
Total Housing Units with Rental Assistance 209
Percentage of Housing Units Occupied By Renters 25.66%
Average Renter Household Size 2.27
Average Household Size 2.45
Median Household Income $50,604 ±$1,759
Median Rent $566 ±$40
Percentage Of Renters Overburdened 27.06% ± 5.72pp
Total Population 11,054

Population and Household Demographics

Watonwan County is a county in Minnesota with a population of 11,054. There are 4,450 households in the county with an average household size of 2.45 persons. 25.66% of households in Watonwan County are renters.

Income and Rent Overburden in Watonwan County

The median gross income for households in Watonwan County is $50,604 a year, or $4,217 a month. The median rent for the county is $566 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Watonwan County, a household making less than $1,887 a month would be considered overburdened when renting an apartment at or above the median rent. 27.06% of households who rent are overburdened in Watonwan County.

Area Median Income In Watonwan 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 Watonwan County, HUD calculates the Area Median Income for a family of four as $86,200

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 Watonwan 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 Watonwan 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 Watonwan County 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 Watonwan County 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 Watonwan County 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