Comptroveby RentSpire

Park Towers Hutchinson RAD Conversion

133 3rd Ave SW, Hutchinson, MN, 55350

subsidized 101 units (unit count basis: listing-reported) Built 2021 FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $540. Average effective rent: $540.

No bed-level rent observations for this property.

HUD Fair Market Rent gap

HUD area: McLeod County, MN.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

Managed by Hutchinson Housing & Redevelopment Authority.

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Century Court West Hutchinson, MN 1.04 mi $1,655 49%

Sources & provenance

Sourced from https://www.hutchinsonhra.com/programs/park-towers/ — 11 observation(s), last observed Jul 26, 2026.

Data age: 22 days. Last observed: Jul 26, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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