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Affordable Homes in
Minneapolis, MN

The Balmoral.

Affordability Types:

  • Rent Based on Income
  • Tax Credit / HOME
  • Long-Term Homeless
The Balmoral
Affordability Details
Section 8 / Housing Choice Vouchers:
Vouchers Accepted on SELECT UNITS
Age Restricted:
No
Waitlist:
No
Affordability Types:

Rent Based on Income

Tax Credit / HOME
Long-Term Homeless

Details below.

Aeon Affordable Communities overlapping houses graphic

Tax Credit / HOME

Housing Tax Credit properties, also known as Section 42, provide affordable housing with income and rent restrictions set by the Internal Revenue Service (IRS). The Balmoral has units designated for two different income limits:

Income Restrictions (35% AMI) Per Household:
1 Person
30450
2 People
34790
3 People
39130
4 People
43470
5 People
46970
6 People
50435
Income Restrictions (50% AMI) Per Household:
1 Person
43500
2 People
49700
3 People
55900
4 People
62100
5 People
67100
6 People
72050

Long-Term Homeless

Provides stable, affordable homes with on-site or connected services for individuals and families who have experienced homelessness.  Referrals are required through People Inc.  Learn more about People Inc »

Amenities.

Relax at Home,
Enjoy the Community

Apartment Amenities

Refrigerator
Electricity Included
Cable Ready

Community Amenities

On-Site Management
On Bus Line
On-Site Laundry
Smoke Free
Community Room
Computer Lab
Aeon Affordable Homes and Community Street view with brick building, trees with fall foliage, a clear blue sky, and affordable apartment homes.
Aeon Affordable Homes and Community Minimalist and affordable apartment homes feature a gray sectional sofa, glass coffee table, ceiling fan, and light wood flooring.
Aeon Affordable Homes and Community Cozy living room in affordable apartment homes with a white table, gray couch, and two bar stools by the kitchen counter near bright windows.
Aeon Affordable Homes and Community Compact home office in a closet, featuring a marble desk, laptop, lamp, chair, and abstract art above—perfect for affordable apartment homes.
Aeon Affordable Homes and Community Affordable apartment homes featuring a bathroom with shower, toilet, wooden vanity, floral rug, and wall art.
Aeon Affordable Homes and Community Brick building with "BALMORAL" over the entrance, featuring affordable apartment homes with large windows and a balcony with a metal railing.

Floor Plans.

Aeon Affordable Communities overlapping houses graphic

Find Your New Home

The Balmoral offers the following unit types:

  • Studio
  • 1 Bedroom

FAQ.

Your Questions Answered

What utilities are included?

Water, Trash, Electric, Gas

What is the pet policy?

Pets are not allowed in this community.

What is the application fee?

The application fee is $30.00 per adult. The application fee must be paid prior to application being accepted. Please note that your application fee is non-refundable.

Aeon Management LLC only returns application fees in the rare occurrence that you are rejected for reasons other than stated in our Resident Selection Criteria.

Applicants must also pay a Hold Fee once application screening is approved. This Hold Fee will be applied toward the security deposit when the applicant moves into the development. The Hold Fee will only be returned if the applicant(s) does not income qualify or is otherwise denied for housing.

Do you do a background screening?

Aeon Management LLC checks for the following:

  • Living History. Applicants may be denied if they owe money to previous landlords or owe money to utility companies as indicated on the Credit Report. Applicants may be denied if they have an Eviction Action within the past 12 months from application date.
  • Criminal History. Criminal history that would adversely affect the health, safety, or welfare of other residents or the viability of the property is not allowed. See complete Resident Selection Criteria for Criminal Criteria.
  • Income. Applicants must have gross (pre-tax) income equal to or above two and a half times (2.5x) the rent (a Section 8 voucher or comparable subsidy source also may be acceptable). In addition, applicants must meet income restrictions for funding programs where applicable. See complete Resident Selection Criteria document for the specific income limit for your household size.
  • Student Status/Homeless Requirements. Applicants must meet student status requirements, as applicable to the funding program on the unit. Additionally, if applicable to the funding program on the unit, applicants must meet homeless requirements. For HOME units only, applicants must meet student status requirements, as applicable to the funding program on the unit.

Contact Us.

Let us know how
we can help

Address

1005 Portland Ave
Minneapolis, MN 55404

Leasing Phone

Resident Portal

Your Next Step Awaits.

Find your home with Aeon at The Balmoral.
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