Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

Regency

501 Gilbert Ave S, Park Rapids, MN, 56470

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Regency consists of 15 low-income residential units in Park Rapids, Minnesota. The property offers a mix of one-bedroom, two-bedroom, and three-bedroom floor plans, with eight two-bedroom and six three-bedroom units available alongside one one-bedroom unit. The property has been in service since 1993.

Waitlist Information

Waitlist managed by Housing and Redevelopment Authority of Park Rapids, Minnesota

Public Housing Waitlist
Open
Apply: Multiple

Pre-applications are currently being accepted for senior/disabled households and two-person families, with preferences given for elderly or disabled applicants.

Last verified February 13, 2026
Section 8 (HCV) Waitlist
Closed

No active waitlist information currently available for the Housing Choice Voucher program.

Last verified April 2, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
15
1 Bedroom
1
2 Bedroom
8
3 Bedroom
6

Fair Market Rent - Hubbard County, MN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$668
1 Bedroom$750
2 Bedroom$985
3 Bedroom$1,273
4 Bedroom$1,544

Income Limits - Hubbard County, MN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$15,650
Very Low (50%)
$26,100
Low (80%)
$41,750
2 Persons
Extremely Low (30%)
$17,900
Very Low (50%)
$29,800
Low (80%)
$47,700
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$33,550
Low (80%)
$53,650
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$37,250
Low (80%)
$59,600
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$40,250
Low (80%)
$64,400
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$43,250
Low (80%)
$69,150
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$46,200
Low (80%)
$73,950
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$49,200
Low (80%)
$78,700

Tax Credit Program Details

Year Placed in Service
1993
Low-Income Units
15 / 15

Frequently Asked Questions

What is the average rent for affordable housing in Park Rapids, MN?+

The Fair Market Rent (FMR) for Hubbard County, MN is: $668 (Studio), $750 (1BR), $985 (2BR), $1273 (3BR), $1544 (4BR). Actual rent at subsidized properties like Regency is typically 30% of household income or less.

What size apartments are available at Regency?+

Regency offers the following unit types: 1 One-Bedroom, 8 Two-Bedroom, 6 Three-Bedroom units, for a total of 15 units.

What is the price range for apartments in Park Rapids, MN?+

Based on Fair Market Rent for Hubbard County, the estimated price range is: 1-bedroom: $750, 2-bedroom: $985, 3-bedroom: $1273. Actual rent at Regency may be lower for income-eligible households.

Who manages Regency?+

Regency is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Regency?+

Regency 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.

Is there a waitlist for Regency?+

Public Housing waitlist is currently Open. 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 Hubbard County, MN?+

For a 4-person household in Hubbard 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.

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Walk Score

Somewhat Walkable

61
Walk
54
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Hubbard County, MN

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