Gray Gables Apartments — Income-Restricted Housing in Albert Lea, MN 56007

Multiple Building Addresses, Albert Lea, MN 56007

Tax credit

45 units · 44 income-restricted · 1–3 BR

Directions

How to apply

  1. No phone is listed. Try visiting the property or asking the city housing office how to apply.
  2. These records do not show openings — call to confirm vacancies and waiting lists.

At this building

Opened
1996
Income limit
60% AMI
Bedrooms
8 1 bedroom · 26 2 bedrooms · 14 3 bedrooms

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Nearby income-restricted buildings

Rents and income limits in 56007

Fair market rent, 2 bedrooms
$1,030/mo
Income needed to pay it at 30% of income
$41,200/yr
Renters in 56007 paying 30% or more of income on rent
49%

Income limits (2026)

Freeborn County, MN area · median family income $91,600. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$20,600$34,300$54,900
2$23,550$39,200$62,750
3$27,320$44,100$70,600
4$33,000$49,000$78,400
5$38,680$52,950$84,700
6$44,360$56,850$90,950
7$50,040$60,800$97,250
8$55,720$64,700$103,500

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size56007Wider area
Studio$720$719
1 bedroom$790$790
2 bedrooms$1,030$1,033
3 bedrooms$1,350$1,355
4 bedrooms$1,550$1,555

Wider area = Freeborn County, MN. Two-bedroom fair market rents in 5 nearby ZIPs range from $1,010 (56089) to $1,140 (56045).

Census figures for 56007 (2020–2024 average): median rent $855. Median household income $68,846. 23% of homes are rented. 49% of renters pay 30% or more of their income on rent, and 25% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 56007's fair market rent.

Estimate your Section 8 rent share for 56007

Frequently Asked Questions

How do I apply to Gray Gables Apartments?

No phone is listed for Gray Gables Apartments. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.

Is Gray Gables Apartments Section 8 housing?

Gray Gables Apartments is listed as income-restricted housing in Albert Lea, MN 56007 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.

How many units are at Gray Gables Apartments?

Public records list 45 units at Gray Gables Apartments in Albert Lea, MN 56007. That is a building size, not a count of open apartments.

Are there other affordable apartments near Gray Gables Apartments?

Yes — this page lists other income-restricted buildings in 56007 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.

People Also Ask

How do I get into Gray Gables Apartments?

Call the number on this page and ask about the waiting list or how to apply at Gray Gables Apartments in Albert Lea, MN 56007. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.

How do I qualify for affordable housing in Albert Lea, MN 56007?

Most income-restricted buildings in Albert Lea, MN 56007 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $34,300, and $49,000 for a 4-person household. Public housing can go up to 80% ($54,900 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Albert Lea, MN 56007?

For many programs in Albert Lea, MN 56007, the 2026 HUD very low-income (50%) limit is $34,300 a year for 1 person and $49,000 for 4 people. The low-income (80%) limit is $54,900 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How much rent do you pay for low-income housing in Albert Lea, MN 56007?

In public housing and most Section 8 in Albert Lea, MN 56007, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Albert Lea, MN 56007 is $1,030 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Does Gray Gables Apartments take Section 8 vouchers?

This file does not say that Gray Gables Apartments has a project-based Section 8 contract. Some landlords in Albert Lea, MN 56007 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Gray Gables Apartments.

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.