About This Property
Gray Gables Apartments comprises 45 units in Albert Lea, Minnesota, with 44 designated as low-income housing. The property includes eight one-bedroom, twenty-six two-bedroom, and fourteen three-bedroom units and has been in service since 1996. The community participates in the 9% Low-Income Housing Tax Credit program.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority in and for the City of Albert Lea, Minnesota
No current information found regarding an open waiting list or application process.
Applications are accepted on a first-come, first-served basis. Preferences may include elderly/disabled households, veterans, and Freeborn County residents.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
Fair Market Rent - Freeborn 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 | $659 |
| 1 Bedroom | $740 |
| 2 Bedroom | $972 |
| 3 Bedroom | $1,239 |
| 4 Bedroom | $1,402 |
Income Limits - Freeborn 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albert Lea, MN?+
The Fair Market Rent (FMR) for Freeborn County, MN is: $659 (Studio), $740 (1BR), $972 (2BR), $1239 (3BR), $1402 (4BR). Actual rent at subsidized properties like Gray Gables Apartments is typically 30% of household income or less.
What size apartments are available at Gray Gables Apartments?+
Gray Gables Apartments offers the following unit types: 8 One-Bedroom, 26 Two-Bedroom, 14 Three-Bedroom units, for a total of 45 units.
How do I apply for housing at Gray Gables Apartments?+
Gray Gables Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Is there a waitlist for Gray Gables Apartments?+
Public Housing waitlist is currently Closed. 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 Albert Lea, MN?+
Based on Fair Market Rent for Freeborn County, the estimated price range is: 1-bedroom: $740, 2-bedroom: $972, 3-bedroom: $1239. Actual rent at Gray Gables Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Freeborn County, MN?+
For a 4-person household in Freeborn 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.
Who manages Gray Gables Apartments?+
Gray Gables Apartments is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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