About This Property
Gray Gables Apartments offers 45 units in Albert Lea, Minnesota, with 44 designated as low-income housing. The property includes a mix of one-bedroom, two-bedroom, and three-bedroom units, providing options for households of varying sizes. Placed in service in 1996, the community currently operates with 9% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority in and for the City of Albert Lea, Minnesota
Families and senior/disabled households are accepted; eligibility is based on income, family status, U.S. citizenship/eligible immigration status, and meeting suitability requirements like landlord history and criminal background. Applications may be purged if two invitations are declined or if money is owed to a federally assisted housing program.
Preferences may include families with head or spouse age 62 or older or disabled, honorably discharged veterans, or residents of Freeborn County. Applications are accepted on a first-come, first-served basis when the waitlist is open.
Waitlist data provided by section8waitlist.org
Updated July 7, 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.
Who manages Gray Gables Apartments?+
Gray Gables Apartments is managed by . You can reach them at .
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.
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.
Is there a waitlist for Gray Gables Apartments?+
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.
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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