The Depot at Elk River Station Availability

Income Requirements

The Depot Apartments participates in the Section 42 tax credit program. THE APARTMENTS AT THE DEPOT ARE NOT SUBSIDIZED; THE RENT IS NOT BASED ON INCOME. In order to qualify for an income-eligible home, the gross income of the household cannot exceed the following income guidelines. Income limits are based on household sizes and are as follows:

1 occupant = $52,200
2 occupants = $59,640
3 occupants = $67,080
4 occupants = $74,520
5 occupants = $80,520
6 occupants = $86,460

Lease

  • The lease terms at The Depot are one year with two months written notice to vacate.
  • A security deposit equal to 1 months’ rent is required.
  • Rent includes: heat, water/sewer and refuse pick-up
  • Resident is responsible for: electric, cable, internet and telephone

Applying

  • An application fee of $45 is required for each adult
  • One-half of the security deposit (equal to 1 month’s rent) is required at time of application

Occupancy

Only those listed on the lease will be allowed to live in the apartment.

  • Maximum number of occupants in a one-bedroom: 2
  • Maximum number of occupants in a two-bedroom: 4
  • Maximum number of occupants in a three-bedroom: 6

Rental Screening Criteria

Northstar Residential’s screening process is careful and thorough. We perform credit and criminal background checks and contact current and former landlords. We verify income and assure compliance with housing assistance programs, when applicable.

Our familiarity with the requirements of the many federal and state housing programs and occupancy guidelines, such as HUD and the Low Income Housing Tax Credit program, assures full compliance with Regulatory Agreements and Fair Housing requirements.

Apartment Bedrooms Sq. Ft. Rent Income Limits Apply Date Available Contact
405
2 BR
1097
$1399
Yes 12/1/23 Contact Us