About This Property
Cherry Ridge Apartments offers 83 units in Mankato, Minnesota, including 63 designated low-income units that serve homeless populations. The community features a mix of one, two, and three-bedroom floor plans, with 34 one-bedroom, 43 two-bedroom, and 6 three-bedroom units available. Developed in 2008 and funded through the HOME program, this non-profit owned property provides affordable housing options in Blue Earth County.
Waitlist Information
Waitlist managed by Mankato Economic Development Authority
Open only to households meeting occupancy standards for 1, 3, 4, or 5 bedroom units and qualifying for residency preference (live, work, or attend school in Blue Earth County). Local preferences include veteran status or displacement due to domestic violence. Only one application per household.
Open ONLY to households that qualify for preference (households with children 18 and under in specific counties, veteran status, or displaced due to natural disaster/government action). Applicants must not exceed the very low income limit. Only one application per household.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Blue Earth County, MN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $897 |
| 1 Bedroom | $903 |
| 2 Bedroom | $1,101 |
| 3 Bedroom | $1,552 |
| 4 Bedroom | $1,868 |
Income Limits - Blue Earth County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,950
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $19,350
- Very Low (50%)
- $32,200
- Low (80%)
- $51,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,500
- Low (80%)
- $69,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,700
- Low (80%)
- $74,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,950
- Low (80%)
- $79,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,150
- Low (80%)
- $85,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,950 | $28,200 | $45,100 |
| 2 Persons | $19,350 | $32,200 | $51,550 |
| 3 Persons | $21,960 | $36,250 | $58,000 |
| 4 Persons | $26,500 | $40,250 | $64,400 |
| 5 Persons | $31,040 | $43,500 | $69,600 |
| 6 Persons | $35,580 | $46,700 | $74,750 |
| 7 Persons | $40,120 | $49,950 | $79,900 |
| 8 Persons | $44,660 | $53,150 | $85,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mankato, MN?+
The Fair Market Rent (FMR) for Blue Earth County, MN is: $897 (Studio), $903 (1BR), $1101 (2BR), $1552 (3BR), $1868 (4BR). Actual rent at subsidized properties like Cherry Ridge Apartments is typically 30% of household income or less.
What size apartments are available at Cherry Ridge Apartments?+
Cherry Ridge Apartments offers the following unit types: 34 One-Bedroom, 43 Two-Bedroom, 6 Three-Bedroom units, for a total of 83 units.
Who manages Cherry Ridge Apartments?+
Cherry Ridge Apartments is managed by . You can reach them at . Visit their website for more information.
What is the HUD inspection score for Cherry Ridge Apartments?+
Cherry Ridge Apartments has a HUD inspection score of 62 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Blue Earth County, MN?+
For a 4-person household in Blue Earth County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,250, Low Income (80% AMI): $64,400. These limits are set by HUD and updated annually.
Is there a waitlist for Cherry Ridge Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Mankato, MN?+
Based on Fair Market Rent for Blue Earth County, the estimated price range is: 1-bedroom: $903, 2-bedroom: $1101, 3-bedroom: $1552. Actual rent at Cherry Ridge Apartments may be lower for income-eligible households.
Who is eligible to live at Cherry Ridge Apartments?+
Cherry Ridge Apartments primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cherry Ridge Apartments?+
Cherry Ridge Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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