Riverwood Apts LLC
900 Park St, Cannon Falls, MN 55009
Family · 29 1BR, 10 2BR
Managed by Lloyd Management
- Units
- 39
- Rental assistance
- 21
- Vacant
- 1
- Accessible
- 3
- Opened
- 1985
Minnesota
USDA rental housing in Goodhue County, MN
9 properties in Goodhue County have USDA Section 515 or 514 financing: 261 apartments across 5 towns. 202 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
9properties
261apartments
202rental assistance units
8vacant units reported
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
Goodhue Apt
113 1st Ave, Goodhue, MN 55027
Elderly · 9 1BR, 1 2BR
Managed by Life Style, INC
- Units
- 10
- Rental assistance
- 10
- Vacant
- 0
- Accessible
- 1
- Opened
- 1984
City Centre
300 1st Ave SE, Pine Island, MN 55963
Elderly · 21 1BR, 2 2BR
Managed by Smr Management, INC
- Units
- 23
- Rental assistance
- 23
- Vacant
- 0
- Accessible
- 2
- Opened
- 1986
Knollwood Apartment
505 5th St SW, Pine Island, MN 55963
Family · 6 1BR, 18 2BR
Managed by Lloyd Management
- Units
- 24
- Rental assistance
- 24
- Vacant
- 2
- Accessible
- 2
- Opened
- 1988
Burnside Apt
187 Sargent Drive, Red Wing, MN 55066
Family · 20 1BR, 12 2BR
Managed by Life Style, INC
- Units
- 32
- Rental assistance
- 17
- Vacant
- 0
- Accessible
- 2
- Opened
- 1989
Malmquist Estates
2622 Malmquist Ave, Red Wing, MN 55066
Family · 6 1BR, 21 2BR, 3 3BR
Managed by Smr Management, INC
- Units
- 30
- Rental assistance
- 29
- Vacant
- 2
- Accessible
- 2
- Opened
- 1985
Trailside Acres
211 Sargent Dr, Red Wing, MN 55066
Family · 24 1BR, 16 2BR, 8 3BR
Managed by Smr Management, INC
- Units
- 48
- Rental assistance
- 35
- Vacant
- 2
- Accessible
- 4
- Opened
- 1988
Wings Apt
2536 Malmquist Ave, Red Wing, MN 55066
Family · 18 1BR, 6 2BR
Managed by Life Style, INC
- Units
- 24
- Rental assistance
- 15
- Vacant
- 0
- Accessible
- 1
- Opened
- 1983
Springcroft Apt
629 3rd Ave, Wanamingo, MN 55983
Family and elderly · 17 1BR, 14 2BR
Managed by Life Style, INC
- Units
- 31
- Rental assistance
- 28
- Vacant
- 1
- Accessible
- 3
- Opened
- 1980
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
Who can rent here
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
For owners and buyers
All 9 are limited-profit. 2 also have housing tax credits. 2 serve elderly tenants. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).