On a hill of its own, Cherry Ridge offers a private setting with a panoramic view of the Mankato/North Mankato River Valley. Cherry Ridge Apartments are the place for you! Conveniently located within walking distance of downtown Mankato, these apartments have all the amenities you want at an affordable price. We've recently added many energy efficiencies including low flow faucets and all LED lighting. Check out Cherry Ridge today! This property is funded through an affordable housing program. Therefore, income restrictions apply. Please see the Unit Search page for additional information. We gladly welcome Section 8 Vouchers. An application fee of $35/adult and a security deposit equal to one month of rent are due at the time of the application.   The initial maximum number of residents allowed is equal to two persons per bedroom. Each unit is limited to no more than two unrelated or four related adults. A related adult is defined as either a child, dependent, or parent of the head of household.
APPLICATION Click HERE to access the Cherry Ridge application.   INCOME RESTRICTIONS Income and student restrictions apply at Cherry Ridge Apartments. Households must make under a certain amount to qualify. The total annual household gross income is considered. In addition, not all household members can be full time students. Please contact us for details.   HOUSEHOLD SIZE HTC (50% AMI) HTC (60% AMI) 1 Person $35,250 $42,300 2 People $40,250 $48,300 3 People $45,300 $54,360 4 People $50,300 $60,360 5 People $54,350 $65,220 6 People $58,350 $70,020   SECURITY DEPOSIT + APPLICATION An application fee of $35/adult and a security deposit equal to one month of rent is due at time of 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 Heat, water, sewer, and trash are included with the monthly rent payment. Residents are responsible for electric.