Alexander Apts
917 1st Street SW, Faribault, MN 55021
Family · 14 1BR, 4 2BR
Managed by Life Style, INC
- Units
- 18
- Rental assistance
- 10
- Vacant
- 0
- Accessible
- 1
- Opened
- 1985
Minnesota
USDA rental housing in Rice County, MN
14 properties in Rice County have USDA Section 515 or 514 financing: 316 apartments across 4 towns. 215 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
14properties
316apartments
215rental assistance units
10vacant 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 Listings come from USDA's public data and may be out of date.
Park Central Apts
521 4th Ave NW, Faribault, MN 55021
Elderly · 23 1BR, 1 2BR
Managed by Reineke Prop Mgmt
- Units
- 24
- Rental assistance
- 21
- Vacant
- 1
- Accessible
- 2
- Opened
- 1993
Southgate Village
1518 9th Ave SW, Faribault, MN 55021
Family and elderly · 12 1BR, 24 2BR
Managed by Thies & Talle Management INC
- Units
- 36
- Rental assistance
- 18
- Vacant
- 1
- Accessible
- 3
- Opened
- 1983
Spring Court
915 Spring RD, Faribault, MN 55021
Family · 1 1BR, 11 2BR, 10 3BR, 2 4BR
Managed by Life Style, INC
- Units
- 24
- Rental assistance
- 11
- Vacant
- 0
- Accessible
- 1
- Opened
- 1993
Windsor Greens C/o Thies & Talle
1425 Prairie Ave SW, Faribault, MN 55021
Family · 6 1BR, 12 2BR
Managed by Thies & Talle Management INC
- Units
- 18
- Rental assistance
- 12
- Vacant
- 1
- Accessible
- 1
- Opened
- 1985
Landmark Square Apt
309 1st Ave SE, Lonsdale, MN 55046
Family and elderly · 12 1BR, 12 2BR
Managed by Chelsea Dev Co
- Units
- 24
- Rental assistance
- 21
- Vacant
- 1
- Accessible
- 2
- Opened
- 1990
Southside Apts
315 1st Ave SE, Lonsdale, MN 55046
Family · 10 2BR, 2 3BR
Managed by Lloyd Management
- Units
- 12
- Rental assistance
- 9
- Vacant
- 0
- Accessible
- 1
- Opened
- 1983
Country View Court
104 2nd St SW, Morristown, MN 55052
Family · 8 1BR
Managed by Smr Management, INC
- Units
- 8
- Rental assistance
- 7
- Vacant
- 1
- Accessible
- 1
- Opened
- 1983
Sunshine Apt
107 2nd St SW, Morristown, MN 55052
Family · 6 1BR, 4 2BR, 4 3BR
Managed by Life Style, INC
- Units
- 14
- Rental assistance
- 12
- Vacant
- 0
- Accessible
- 2
- Opened
- 1992
Koester Court Apt
1502 Koester Ct, Northfield, MN 55057
Elderly · 21 1BR, 4 2BR
Managed by Faribault Property Dba Trekk Pro
- Units
- 25
- Rental assistance
- 19
- Vacant
- 0
- Accessible
- 3
- Opened
- 1981
Koester Court II
1510 Koester Ct, Northfield, MN 55057
Family · 4 1BR, 16 2BR
Managed by Faribault Property Dba Trekk Pro
- Units
- 20
- Rental assistance
- 13
- Vacant
- 0
- Accessible
- 1
- Opened
- 1983
Koester Court III
1520 Koester Court, Northfield, MN 55057
Family · 15 1BR, 10 2BR
Managed by Faribault Property Dba Trekk Pro
- Units
- 25
- Rental assistance
- 18
- Vacant
- 2
- Accessible
- 1
- Opened
- 1985
Koester Court IV
701 Koester Ct, Northfield, MN 55057
Family · 15 1BR, 10 2BR
Managed by Faribault Property Dba Trekk Pro
- Units
- 25
- Rental assistance
- 12
- Vacant
- 1
- Accessible
- 1
- Opened
- 1988
North & South Oak Apts
600 Spring St N, Northfield, MN 55057
Family · 23 1BR, 20 2BR
Managed by Lloyd Management
- Units
- 43
- Rental assistance
- 32
- Vacant
- 2
- Accessible
- 3
- Opened
- 1988
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
Ownership: 1 nonprofit, 13 limited-profit. 6 also have housing tax credits. 2 serve elderly tenants. USDA's file shows use restrictions on 2 properties 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).