About This Property
The Square on 31st contains 104 low-income units in Rochester, Minnesota, serving families, elderly residents, and individuals experiencing homelessness. The property offers a mix of 12 studio, 38 one-bedroom, 54 two-bedroom, and 12 three-bedroom units and has been in service since 2014. Financing for this development includes tax-exempt bonds.
Waitlist Information
Waitlist managed by Olmsted County Housing and Redevelopment Authority
The waiting list was last open for 2-bedroom Townhome units in July 2019, with preferences for working families, including elderly and disabled persons.
Applications are not being accepted. When current voucher holders leave the program, new households are offered assistance based on their position on the waiting list.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Olmsted 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 | $814 |
| 1 Bedroom | $927 |
| 2 Bedroom | $1,148 |
| 3 Bedroom | $1,618 |
| 4 Bedroom | $1,948 |
Income Limits - Olmsted County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,950
- Very Low (50%)
- $34,900
- Low (80%)
- $55,850
- Extremely Low (30%)
- $23,950
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,900
- Low (80%)
- $71,800
- Extremely Low (30%)
- $29,900
- Very Low (50%)
- $49,850
- Low (80%)
- $79,750
- Extremely Low (30%)
- $32,300
- Very Low (50%)
- $53,850
- Low (80%)
- $86,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $57,850
- Low (80%)
- $92,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $61,850
- Low (80%)
- $98,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $65,850
- Low (80%)
- $105,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,950 | $34,900 | $55,850 |
| 2 Persons | $23,950 | $39,900 | $63,800 |
| 3 Persons | $26,950 | $44,900 | $71,800 |
| 4 Persons | $29,900 | $49,850 | $79,750 |
| 5 Persons | $32,300 | $53,850 | $86,150 |
| 6 Persons | $35,580 | $57,850 | $92,550 |
| 7 Persons | $40,120 | $61,850 | $98,900 |
| 8 Persons | $44,660 | $65,850 | $105,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rochester, MN?+
The Fair Market Rent (FMR) for Olmsted County, MN is: $814 (Studio), $927 (1BR), $1148 (2BR), $1618 (3BR), $1948 (4BR). Actual rent at subsidized properties like The Square on 31st (Fka Rochester Sq Apts) is typically 30% of household income or less.
What size apartments are available at The Square on 31st (Fka Rochester Sq Apts)?+
The Square on 31st (Fka Rochester Sq Apts) offers the following unit types: 12 Studio, 38 One-Bedroom, 54 Two-Bedroom, 12 Three-Bedroom units, for a total of 104 units.
Who manages The Square on 31st (Fka Rochester Sq Apts)?+
The Square on 31st (Fka Rochester Sq Apts) is managed by . You can reach them at .
How do I apply for housing at The Square on 31st (Fka Rochester Sq Apts)?+
The Square on 31st (Fka Rochester Sq Apts) 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.
What is the price range for apartments in Rochester, MN?+
Based on Fair Market Rent for Olmsted County, the estimated price range is: 1-bedroom: $927, 2-bedroom: $1148, 3-bedroom: $1618. Actual rent at The Square on 31st (Fka Rochester Sq Apts) may be lower for income-eligible households.
Who is eligible to live at The Square on 31st (Fka Rochester Sq Apts)?+
The Square on 31st (Fka Rochester Sq Apts) primarily serves families, elderly residents, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Olmsted County, MN?+
For a 4-person household in Olmsted County, MN, the income limits are: Extremely Low Income (30% AMI): $29,900, Very Low Income (50% AMI): $49,850, Low Income (80% AMI): $79,750. These limits are set by HUD and updated annually.
Is there a waitlist for The Square on 31st (Fka Rochester Sq Apts)?+
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.
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