About This Property
Heritage Park III contains 95 units in Minneapolis, with 57 designated as low-income housing. The property, which entered service in 2005, offers a mix of one- to four-bedroom units and serves families through 9% Low-Income Housing Tax Credit financing supported by Community Development Block Grant funding.
Waitlist Information
Waitlist managed by Public Housing Authority in and for the City of Minneapolis
The Minneapolis PHA is not currently accepting applications for Public Housing. Information regarding future openings will be posted on the website.
The Minneapolis PHA is not currently accepting applications for the Housing Choice Voucher (HCV) program. Information regarding future openings will be posted on the website.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Hennepin 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 | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Hennepin County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Minneapolis, MN?+
The Fair Market Rent (FMR) for Hennepin County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Heritage Park Iii is typically 30% of household income or less.
What size apartments are available at Heritage Park Iii?+
Heritage Park Iii offers the following unit types: 15 One-Bedroom, 40 Two-Bedroom, 30 Three-Bedroom, 6 Four-Bedroom units, for a total of 95 units.
What are the income limits for affordable housing in Hennepin County, MN?+
For a 4-person household in Hennepin County, MN, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who is eligible to live at Heritage Park Iii?+
Heritage Park Iii primarily serves families, General Occupancy. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Minneapolis, MN?+
Based on Fair Market Rent for Hennepin County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at Heritage Park Iii may be lower for income-eligible households.
How do I apply for housing at Heritage Park Iii?+
Heritage Park Iii 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.
Who manages Heritage Park Iii?+
Heritage Park Iii is managed by . You can reach them at .
Is there a waitlist for Heritage Park Iii?+
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Heritage Park Iii
Heritage Park Ii
Minneapolis, MN
113 UnitsThe Glenwood
Minneapolis, MN
80 UnitsHeritage Park 1b1 1b2
Minneapolis, MN
112 UnitsPlymouth Stevens House
Minneapolis, MN
207 UnitsGreat River Landing
Minneapolis, MN
72 UnitsPark Plaza Apartments
Minneapolis, MN
134 Units