Pheasant Ridge Apts
5331 Barthel Industrial Dr NE, Albertville, MN 55301
Family · 4 1BR, 16 2BR, 4 3BR
Managed by Thies & Talle Management INC
- Units
- 24
- Rental assistance
- 21
- Vacant
- 0
- Accessible
- 1
- Opened
- 1989
Minnesota
25 properties in Wright County have USDA Section 515 or 514 financing: 667 apartments across 11 towns. 478 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
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 Listings come from USDA's public data and may be out of date.
5331 Barthel Industrial Dr NE, Albertville, MN 55301
Family · 4 1BR, 16 2BR, 4 3BR
Managed by Thies & Talle Management INC
239 Knollwood St W, Annandale, MN 55302
Family · 3 1BR, 23 2BR, 12 3BR
Managed by Cepco INC
321 Knollwood St W, Annandale, MN 55302
Elderly · 14 1BR, 1 2BR
Managed by Cepco INC
421 Knollwood St W, Annandale, MN 55302
Elderly · 13 1BR, 4 2BR
Managed by Cepco INC
200 Oakdale Circle, Annandale, MN 55302
Elderly · 18 1BR
Managed by Integrity Property Management
103 14th St NE, Buffalo, MN 55313
Elderly · 19 1BR, 1 2BR
Managed by Thies & Talle Management INC
304 Catlin St, Buffalo, MN 55313
Family and elderly · 38 1BR, 15 2BR, 8 3BR
1040 Porter St, Clearwater, MN 55320
Family · 4 1BR, 8 2BR, 6 3BR
Managed by Metroplains Management, LLC
187 Sunset Ave NW, Cokato, MN 55321
Elderly · 14 1BR
Managed by Smr Management, INC
195 3rd St E, Cokato, MN 55321
Family · 27 1BR, 2 2BR
Managed by Smr Management, INC
145 Broadway Ave S, Cokato, MN 55321
Family · 14 1BR, 1 2BR
Managed by Smr Management, INC
260 3rd St W, Cokato, MN 55321
Family · 3 1BR, 11 2BR, 10 3BR
Managed by Lloyd Management
307 Honeytree Dr, Delano, MN 55328
Family · 13 1BR, 12 2BR
129 5th St S, Delano, MN 55328
Elderly · 15 1BR, 1 2BR
Managed by Thies & Talle Management INC
555 2nd St W, Maple Lake, MN 55358
Elderly · 48 1BR, 14 2BR
243 W Broadway St, Monticello, MN 55362
Elderly · 27 1BR, 1 2BR
Managed by Metroplains Management, LLC
301 E 7th St, Monticello, MN 55362
Family · 2 1BR, 6 2BR, 4 3BR
Managed by Thies & Talle Management INC
716 Maple St, Monticello, MN 55362
Family · 18 1BR, 30 2BR
Managed by Integrity Property Management
330 W 6th St, Monticello, MN 55362
Family · 8 1BR, 24 2BR, 12 3BR
218 W River St, Monticello, MN 55362
Elderly · 30 1BR, 1 2BR
Managed by Metroplains Management, LLC
401 7th St E, Monticello, MN 55362
Family · 14 1BR, 12 2BR
Managed by Metroplains Management, LLC
8830 Walnut Pl, Rockford, MN 55373
Elderly · 24 1BR
Managed by Rudquist LLC
698 Ridge Dr SE, Saint Michael, MN 55376
Elderly · 26 1BR
696 Ridge Dr SE, Saint Michael, MN 55376
Elderly · 14 1BR, 2 2BR
902 Elm Ave, Waverly, MN 55390
Family · 4 1BR, 12 2BR
Managed by Central Minnesota Housing Partne
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.
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.
Ownership: 5 nonprofit, 20 limited-profit. 8 also have housing tax credits. 12 serve elderly tenants. USDA's file shows use restrictions on 6 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).