Low Income Apartments for Rent in South Loop
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Good Value$1,118 - $1,419 Studio - 2 Beds$1,118 - $1,419 | Studio - 2 Beds
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$1,300 - $1,500 Studio - 2 Beds
Metropolitan Towers
2324 E Old Shakopee Rd, Bloomington, MN 55425$1,300 - $1,500 | Studio - 2 Beds -
1 Month Free
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South Loop Neighborhood in Bloomington, MN
Browse a wide selection of low-income apartments for rent in South Loop. If you're searching for affordable apartments to fit your budget, it's important to be aware of the opportunities available to you. There are a variety of programs that may be accepted by low-income communities. Some might take part in the Low-Income Housing Credit Program, or Section 42, while others might accept vouchers through the Housing Choice Voucher Program, or Section 8. Since these programs are different, call the apartment community you’re interested in and ask which program they participate in.
Before you apply for an income restricted apartment, make sure you qualify for Section 8 housing in South Loop by contacting the local public housing agency, or PHA. You must meet certain requirements based on the area median income, or AMI, and that amount varies depending on location. Section 8 housing is often more difficult to find than other affordable housing programs since properties must meet certain guidelines to qualify for the program, and not all properties accept Section 8 vouchers.
There are 4 income-restricted apartments available in South Loop. To find out if the apartment community you’re interested in accepts Section 8, look at their requirements or call the property directly and ask.
Top Budget-Friendly Neighborhoods in Bloomington
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- East Bloomington 741 Sq Ft $1,317/mo
- Bloomington West 750 Sq Ft $1,484/mo
- Normandale Lake 752 Sq Ft $1,832/mo
- South Loop 728 Sq Ft $2,008/mo
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Note: Based on community-supplied data and independent market research. Subject to change without notice.