Broadway Apartments -- (Wells) — Income-Restricted Housing in Wells, MN 56097
219 S Broadway, Wells, MN 56097
35 units · 1–2 BR
Leasing office: (800) 676-6505Directions
How to apply
- Call the leasing office at (800) 676-6505 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1979
- Bedrooms
- 34 1 bedroom · 1 2 bedrooms
- HUD inspection
- HUD inspection score: 98/100 (Mar 2026) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
Rents and income limits in 56097
- Fair market rent, 2 bedrooms
- $1,010/mo
- Income needed to pay it at 30% of income
- $40,400/yr
- Renters in 56097 paying 30% or more of income on rent
- 44%
Income limits (2026)
Faribault County, MN area · median family income $88,200. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely 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.
| Size | 56097 | Wider area |
|---|---|---|
| Studio | $710 | $706 |
| 1 bedroom | $850 | $859 |
| 2 bedrooms | $1,010 | $1,014 |
| 3 bedrooms | $1,390 | $1,386 |
| 4 bedrooms | $1,410 | $1,391 |
Wider area = Faribault County, MN. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,010 (56014) to $1,320 (56025).
Census figures for 56097 (2020–2024 average): median rent $713. Median household income $62,264. 20% of homes are rented. 44% of renters pay 30% or more of their income on rent, and 18% 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 56097's fair market rent.
Estimate your Section 8 rent share for 56097Frequently Asked Questions
How do I apply to Broadway Apartments -- (Wells)?
Call (800) 676-6505 and ask about applying, vacancies, and waiting lists at Broadway Apartments -- (Wells) in Wells, MN 56097. These records do not show openings.
Is Broadway Apartments -- (Wells) Section 8 housing?
Broadway Apartments -- (Wells) is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at Broadway Apartments -- (Wells)?
Public records list 35 units at Broadway Apartments -- (Wells) in Wells, MN 56097. That is a building size, not a count of open apartments.
Are there other affordable apartments near Broadway Apartments -- (Wells)?
Yes — this page lists other income-restricted buildings in 56097 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 Broadway Apartments -- (Wells)?
Call the number on this page and ask about the waiting list or how to apply at Broadway Apartments -- (Wells) in Wells, MN 56097. 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 Wells, MN 56097?
Most income-restricted buildings in Wells, MN 56097 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 Wells, MN 56097?
For many programs in Wells, MN 56097, 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 Wells, MN 56097?
In public housing and most Section 8 in Wells, MN 56097, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Wells, MN 56097 is $1,010 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 Broadway Apartments -- (Wells) take Section 8 vouchers?
Broadway Apartments -- (Wells) is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD Multifamily Assisted Properties, 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.