Affordable & Low-Income Housing in Lake Elmo, MN 55042
No income-restricted buildings are listed in 55042 — here are the closest ones.
No income-restricted buildings are listed in Lake Elmo, MN 55042. 82 income-restricted buildings are listed nearby (within about 8 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 55042
The 20 closest of 82 in nearby ZIPs. Pick a ZIP below to see all of them.
Views at City Walk
375 Lakeview Drive, Woodbury, MN 55129
3 mi away
45 units · 1–2 BR · People with disabilities · People experiencing homelessness
Scattered Site
441 Lake View Alcove, Woodbury, MN 55129
3.2 mi away
76 units · 9 income-restricted
- Apply through Washington County Cda
- Several buildings — call for addresses
Eastwood Village of Oakdale
Multiple Building Addresses, Oakdale, MN 55128
3.9 mi away
52 units · 51 income-restricted
Eastwood Village II
Multiple Building Addresses, Oakdale, MN 55128
3.9 mi away
26 units · 17 income-restricted
Geneva Village
Multiple Building Addresses, Oakdale, MN 55128
3.9 mi away
175 units · 131 income-restricted · Studio–2 BR
Cottages of Aspen
1745 Granada Avenue North, Oakdale, MN 55128
4 mi away
114 units · 113 income-restricted · 1–2 BR
Cypress Senior Living at Red Oak Preserve
4994 Hamlet Avenue North, Oakdale, MN 55128
4 mi away
39 units · 1–2 BR · People experiencing homelessness
Granada Lakes Townhomes
3915 Granada Way North, Oakdale, MN 55128
4.1 mi away
68 units · 3 BR · People experiencing homelessness
Long Lake Villas
2725 Saddle Court, Stillwater, MN 55082
4.3 mi away
50 units · 29 income-restricted · 2–3 BR · People with disabilities · People experiencing homelessness
Green Twig Villas
13865 Upper 58th Street North, Stillwater, MN 55082
4.5 mi away
62 units · 1–2 BR · People with disabilities · People experiencing homelessness
Green Twig Villas II
13912 Lower 59th Street North, Oak Park Heights, MN 55082
4.6 mi away
72 units · 71 income-restricted · 1–2 BR
Pondview Townhomes (fka Tamarack Village Homes)
Multiple Building Addresses, Woodbury, MN 55125
4.6 mi away
40 units · 35 income-restricted · 2–4+ BR
Trails Edge Townhomes
Multiple Building Addresses, Maplewood, MN 55109
4.6 mi away
48 units · 2–3 BR · People experiencing homelessness
Ashwood Ponds Apartments
6725 Ashwood Road, Woodbury, MN 55125
4.6 mi away
36 units · 35 income-restricted · 1–3 BR
No nearby buildings match this filter.
Rents and income limits in 55042
- Fair market rent, 2 bedrooms
- $1,810/mo
- Income needed to pay it at 30% of income
- $72,400/yr
- Renters in 55042 paying 30% or more of income on rent
- 79%
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 | 55042 | Wider area |
|---|---|---|
| Studio | $1,320 | $1,265 |
| 1 bedroom | $1,490 | $1,427 |
| 2 bedrooms | $1,810 | $1,734 |
| 3 bedrooms | $2,370 | $2,264 |
| 4 bedrooms | $2,660 | $2,538 |
Wider area = Minneapolis-St. Paul-Bloomington, MN-WI. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,540 (55106) to $2,310 (55129).
Census figures for 55042 (2020–2024 average): median rent $2,407 (uncertain estimate). Median household income $154,341. 6% of homes are rented. 79% of renters pay 30% or more of their income on rent, and 47% 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 55042's fair market rent.
Estimate your Section 8 rent share for 55042Frequently Asked Questions
Is there Section 8 housing in Lake Elmo, MN 55042?
Yes — this directory lists income-restricted buildings in Lake Elmo, MN 55042, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Lake Elmo, MN 55042 have openings?
These lists for Lake Elmo, MN 55042 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Lake Elmo, MN 55042?
Use the phone number on each building card in Lake Elmo, MN 55042. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Lake Elmo, MN 55042?
In Lake Elmo, MN 55042, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 55042?
No income-restricted buildings are listed in ZIP 55042 right now. 82 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 55042?
Yes — this page also lists 82 income-restricted buildings in ZIP codes near Lake Elmo, MN 55042 (within about 8 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Lake Elmo, MN 55042?
Most income-restricted buildings in Lake Elmo, MN 55042 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 Lake Elmo, MN 55042?
For many programs in Lake Elmo, MN 55042, 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 long is the waiting list for Section 8 in Lake Elmo, MN 55042?
There is no single waiting list for Lake Elmo, MN 55042. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Lake Elmo, MN 55042?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Lake Elmo, MN 55042?
In public housing and most Section 8 in Lake Elmo, MN 55042, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Lake Elmo, MN 55042 is $1,810 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.
Can I use a Section 8 voucher at affordable apartments in Lake Elmo, MN 55042?
A Housing Choice Voucher is not automatically accepted at every building in Lake Elmo, MN 55042. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Lake Elmo, MN 55042?
This page may still list buildings in Lake Elmo, MN 55042 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
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.
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