Trailside Apartments and Townhomes are convenintly located in the center of Albert Lea right next to the city pool. We offer many amenities, beautiful grounds, and different housing types. Our Apartments are offered exclusively to seniors and individuals with disabilities and house a variety of features for everyone such as a fully-equipped community room, a second floor balcony, and laundry room. A guest room is available for family members when they come to visit. All utilities are INCLUDED in rent. Trailside Townhomes offer affordable family living with spacious one, two, and three-bedroom floor plans. Each townhome includes its own patio and private entrance. Located just blocks from the downtown area, you will be minutes from shopping, schools and restaurants. A security deposit equal to the first month of rent are due at time of application. In select units, a $35 application fee per adult is also due with the application.
APPLICATION Click HERE to access an application for Trailside Apartments and Townhomes. INCOME RESTRICTIONS Restrictions apply to qualify at Trailside Apartments and Townhomes. APARTMENTS Applicants must be 62+ years of age or disabled (at any age). In addition, households must make under a certain amount to qualify. The total annual household gross income is considered. TOWNHOMES Trailside Townhomes offers two types of units, Tax Credit and Section 8. Those applying to a Tax Credit unit must follow the 60% AMI income limits in the table below. The monthly rent will be a set amount. Section 8 Vouchers are welcome in the Tax Credit units. Those applying to a Section 8 unit will need to follow the 30% or 80% AMI income limits below. (please contact us for details). Rent in the Section 8 units is based on 30% of the annual household gross income.   HOUSEHOLD SIZE Section 8 - 30% AMI Tax Credit - 60% AMI Section 8 - 80% AMI 1 Person $19,250 $38,520 $51,350 2 People $22,000 $43,980 $58,650 3 People $25,820 $49,500 $66,000 4 People $31,200 $54,960 $73,300 5 People $36,580 $59,400 $79,200 6 People $41,580 $63,780 $85,050   SECURITY DEPOSIT/APPLICATION FEE A security deposit equal to the first month of rent are due at time of application. In select units, a $35 application fee per adult is also due with the application. OCCUPANCY The initial maximum number of residents in a unit is equal to two persons per bedroom unless otherwise stated in the property's Resident Selection Plan, where applicable. Each unit is limited to no more than two unrelated or four related adult persons per unit. Lloyd Management defines a related adult person as either a child, dependent, or parent of the head of household. General occupancy standards and any federal, state, or local housing ordinances will supersede this policy. UTILITIES APARTMENTS Water, sewer, trash, gas, and electric are included with the monthly rent payment. TOWNHOMES Water and sewer are included with the monthly rent. Residents are responsible for electric and trash removal.