Waters Edge Townhomes — Income-Restricted Housing in Watertown, MN 55388
Multiple Building Addresses, Watertown, MN 55388
30 units · 29 income-restricted · 2–3 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
- 2001
- Income limit
- 60% AMI
- Bedrooms
- 10 2 bedrooms · 20 3 bedrooms
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Nearby income-restricted buildings
Halter Valley Apts
210 Territorial St W, Watertown, MN 55388
0.6 mi away
22 units
- Affordability period may have ended — call to confirm
Hillside-Riverside 201 N Broad St
101 Angel Ave SW, Watertown, MN 55388
0.6 mi away
30 units · 1 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Hilltop Apts
309 Carter St NW, Watertown, MN 55388
0.7 mi away
42 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Crow River Villa
125 5th St S, Delano, MN 55328
6.2 mi away
30 units · 1 BR
- Apply through Hra of City of Delano, Minnesota
Delano Commons
1460 Saint Peter Ave E, Delano, MN 55328
6.5 mi away
30 units · 29 income-restricted · 1 BR
Gateway Village Apartments
1466 Saint Peter Ave, Delano, MN 55328
6.5 mi away
44 units · 43 income-restricted · 1–3 BR
Rents and income limits in 55388
- Fair market rent, 2 bedrooms
- $1,540/mo
- Income needed to pay it at 30% of income
- $61,600/yr
- Renters in 55388 paying 30% or more of income on rent
- 17%
Income limits (2026)
Minneapolis-St. Paul-Bloomington, MN-WI area · median family income $131,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $27,650 | $46,050 | $73,650 |
| 2 | $31,600 | $52,600 | $84,200 |
| 3 | $35,550 | $59,200 | $94,700 |
| 4 | $39,450 | $65,750 | $105,200 |
| 5 | $42,650 | $71,050 | $113,650 |
| 6 | $45,800 | $76,300 | $122,050 |
| 7 | $50,040 | $81,550 | $130,450 |
| 8 | $55,720 | $86,800 | $138,900 |
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 | 55388 | Wider area |
|---|---|---|
| Studio | $1,120 | $1,265 |
| 1 bedroom | $1,270 | $1,427 |
| 2 bedrooms | $1,540 | $1,734 |
| 3 bedrooms | $2,040 | $2,264 |
| 4 bedrooms | $2,280 | $2,538 |
Wider area = Minneapolis-St. Paul-Bloomington, MN-WI. Two-bedroom fair market rents in 8 nearby ZIPs range from $1,540 (55328) to $1,750 (55360).
Census figures for 55388 (2020–2024 average): median rent $953. Median household income $99,375. 15% of homes are rented. 17% 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 55388's fair market rent.
Estimate your Section 8 rent share for 55388Frequently Asked Questions
How do I apply to Waters Edge Townhomes?
No phone is listed for Waters Edge Townhomes. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Waters Edge Townhomes Section 8 housing?
Waters Edge Townhomes is listed as income-restricted housing in Watertown, MN 55388 (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 Waters Edge Townhomes?
Public records list 30 units at Waters Edge Townhomes in Watertown, MN 55388. That is a building size, not a count of open apartments.
Are there other affordable apartments near Waters Edge Townhomes?
Yes — this page lists other income-restricted buildings in 55388 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 Waters Edge Townhomes?
Call the number on this page and ask about the waiting list or how to apply at Waters Edge Townhomes in Watertown, MN 55388. 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 Watertown, MN 55388?
Most income-restricted buildings in Watertown, MN 55388 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 $46,050, and $65,750 for a 4-person household. Public housing can go up to 80% ($73,650 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 Watertown, MN 55388?
For many programs in Watertown, MN 55388, the 2026 HUD very low-income (50%) limit is $46,050 a year for 1 person and $65,750 for 4 people. The low-income (80%) limit is $73,650 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 Watertown, MN 55388?
In public housing and most Section 8 in Watertown, MN 55388, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Watertown, MN 55388 is $1,540 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 Waters Edge Townhomes take Section 8 vouchers?
This file does not say that Waters Edge Townhomes has a project-based Section 8 contract. Some landlords in Watertown, MN 55388 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Waters Edge Townhomes.
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. To add a different building, use the suggestion rubric.