Colony Apartments — Income-Restricted Housing in Mankato, MN 56003
Multiple Building Addresses, North Mankato, MN 56003
120 units · 97 income-restricted · 1–2 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2000
- Income limit
- 60% AMI
- Bedrooms
- 20 1 bedroom · 100 2 bedrooms
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Nearby income-restricted buildings
North Mankato Hra
615 Nicollet Ave, North Mankato, MN 56003
1 mi away
73 units · 1–2 BR
- Apply through North Mankato Housing and Redevelopment Autho
- Residents waited about 13 months to move in (HUD, Oct 2026)
Sibley Park Apartments
410 Sibley Pkwy, Mankato, MN 56001
0.9 mi away
60 units · 53 income-restricted · 1–3 BR · People experiencing homelessness
The Durham Apartments
621 S Second St, Mankato, MN 56001
1.7 mi away
41 units · 1–2 BR · People with disabilities
Walnut Towers aka the Alma
105 E Walnut St, Mankato, MN 56001
1.8 mi away
86 units · 1 BR · People with disabilities
Colonial Square
300 Ramsey St, Mankato, MN 56001
2 mi away
77 units · 1–2 BR · People with disabilities
Cherry Ridge Apartments
101 Glenwood Ave, Mankato, MN 56001
2 mi away
83 units · 63 income-restricted · 1–3 BR · People experiencing homelessness
Cb Mankota Housing II Limited Partnership
1010 Patriot Court, Mankota, MN 56001
2.2 mi away
45 units · 1–3 BR · People experiencing homelessness
Rents and income limits in 56003
- Fair market rent, 2 bedrooms
- $1,070/mo
- Income needed to pay it at 30% of income
- $42,800/yr
- Renters in 56003 paying 30% or more of income on rent
- 30%
Income limits (2026)
Mankato, MN area · median family income $106,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $22,400 | $37,300 | $59,650 |
| 2 | $25,600 | $42,600 | $68,200 |
| 3 | $28,800 | $47,950 | $76,700 |
| 4 | $33,000 | $53,250 | $85,200 |
| 5 | $38,680 | $57,550 | $92,050 |
| 6 | $44,360 | $61,800 | $98,850 |
| 7 | $50,040 | $66,050 | $105,650 |
| 8 | $55,720 | $70,300 | $112,500 |
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.
| Size | 56003 | Wider area |
|---|---|---|
| Studio | $880 | $1,016 |
| 1 bedroom | $890 | $1,023 |
| 2 bedrooms | $1,070 | $1,230 |
| 3 bedrooms | $1,480 | $1,703 |
| 4 bedrooms | $1,730 | $1,744 |
Wider area = Mankato, MN. Two-bedroom fair market rents in 5 nearby ZIPs range from $1,060 (56050) to $1,350 (56001).
Census figures for 56003 (2020–2024 average): median rent $975. Median household income $82,538. 29% of homes are rented. 30% of renters pay 30% or more of their income on rent, and 11% 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 56003's fair market rent.
Estimate your Section 8 rent share for 56003Frequently Asked Questions
How do I apply to Colony Apartments?
No phone is listed for Colony Apartments. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Colony Apartments Section 8 housing?
Colony Apartments is listed as income-restricted housing in Mankato, MN 56003 (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 Colony Apartments?
Public records list 120 units at Colony Apartments in Mankato, MN 56003. That is a building size, not a count of open apartments.
Are there other affordable apartments near Colony Apartments?
Yes — this page lists other income-restricted buildings in 56003 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 Colony Apartments?
Call the number on this page and ask about the waiting list or how to apply at Colony Apartments in Mankato, MN 56003. 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 Mankato, MN 56003?
Most income-restricted buildings in Mankato, MN 56003 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 $37,300, and $53,250 for a 4-person household. Public housing can go up to 80% ($59,650 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 Mankato, MN 56003?
For many programs in Mankato, MN 56003, the 2026 HUD very low-income (50%) limit is $37,300 a year for 1 person and $53,250 for 4 people. The low-income (80%) limit is $59,650 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 Mankato, MN 56003?
In public housing and most Section 8 in Mankato, MN 56003, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Mankato, MN 56003 is $1,070 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 Colony Apartments take Section 8 vouchers?
This file does not say that Colony Apartments has a project-based Section 8 contract. Some landlords in Mankato, MN 56003 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Colony Apartments.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.