About This Property
Laker Apartments is a public housing development in Mountain Lake, MN containing 42 units, all of which are accessible. The property offers rent at $297 per month. This Cottonwood County development serves residents seeking affordable housing options.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority of Mountain Lake, Minnesota
Eligibility is based on annual gross income, qualifying as elderly, a person with a disability or as a family, and U.S. citizenship or eligible immigration status. Call (507) 427-2425 for more information on the application process and waiting list status.
The Housing and Redevelopment Authority of Mountain Lake, Minnesota, does not participate in the Section 8 Housing Choice Voucher program.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Cottonwood 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 | $613 |
| 1 Bedroom | $751 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,128 |
| 4 Bedroom | $1,254 |
Income Limits - Cottonwood County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,100
- Low (80%)
- $41,750
- Extremely Low (30%)
- $17,900
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,250
- Low (80%)
- $59,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,200
- Low (80%)
- $73,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,100 | $41,750 |
| 2 Persons | $17,900 | $29,800 | $47,700 |
| 3 Persons | $21,960 | $33,550 | $53,650 |
| 4 Persons | $26,500 | $37,250 | $59,600 |
| 5 Persons | $31,040 | $40,250 | $64,400 |
| 6 Persons | $35,580 | $43,250 | $69,150 |
| 7 Persons | $40,120 | $46,200 | $73,950 |
| 8 Persons | $44,660 | $49,200 | $78,700 |
Frequently Asked Questions
How much is rent at Laker Apartments?+
The estimated rent at Laker Apartments is $297 per month. Actual rent may vary based on unit size, income level, and subsidy. Contact the property directly for current pricing.
How many units does Laker Apartments have?+
Laker Apartments has a total of 42 housing units.
What is the HUD inspection score for Laker Apartments?+
Laker Apartments has a HUD inspection score of 86 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Is there a waitlist for Laker Apartments?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Cottonwood County, MN?+
For a 4-person household in Cottonwood County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,250, Low Income (80% AMI): $59,600. These limits are set by HUD and updated annually.
How do I apply for housing at Laker Apartments?+
Laker Apartments is a Public Housing property. To apply, you can start by calling 5074272425, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
