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Affordable Apartment Homes

Strive for the finer things in life without compromise. The Grainwood Senior Living participates in the affordable housing program where income limits apply. Our community for adults 55 and older redefines affordable senior living, offering modern apartment homes for hundreds less than other communities in the area. We accept housing vouchers from local housing authorities.


Our Affordable 55+ Apartments in Prior Lake

Check out our NEWLY REDUCED RENTS, plus enjoy 2 MONTHS FREE on select 3 bedrooms!*

As a marquee destination for affordable 55+ living in Prior Lake, MN, The Grainwood Senior Living welcomes you with five-star amenities, spacious floor plans and exciting resident events, all blended with stellar services.

Make yourself comfortable in any of our 1, 2 or 3 bedroom homes. They feature spacious bedrooms and immaculate kitchens designed with the conveniences you'd expect. More than that, they are adorned with practical fixtures like a full size washer and dryer in every home, large bedrooms with spacious walk-in closets and separate dining and living room areas. Our 55+ apartments are pet-friendly, too, so don't hesitate to bring your four-legged friends along!

The extensive list of amenities available at The Grainwood Senior Living apartments includes something for every taste and style. We have everything from a fantastic location near downtown Prior Lake, a beautiful community room with a lounge and cozy fireplace and an on-site beauty salon and theater room. The activities we organize regularly add an extra layer of comfort, as they offer ample opportunities to socialize and have fun.

Our location is another highlight. Our 55+ apartments are steps away from Marcus Southbridge Crossing Cinema and Marketplace @ 42 - Shopping Mall. We're also not far from the popular Mystic Lake Center and all the delicious eateries nestled in downtown Prior Lake. These affordable senior apartments in Prior Lake, MN are up for grabs, so come visit and claim the one you love today! 

*The Grainwood participates in an affordable housing program. Household income and student status limitations apply. Please call for more details. Restrictions may apply.

a couple sitting on a couch with their dog


Designed To Inspire
a rendering of the lobby

Our community room is an incredible place for residents to gather, unwind or simply enjoy a change of scenery.

a room filled with furniture and a flat screen tv

Watch all your favorite movies with your new neighbors in our well-appointed theater room!

a row of treadmills and exercise bikes in a gym

Our fitness center is equipped with a variety of equipment and space for you to easily establish or maintain a healthy routine.

an older man and woman standing together and laughing
a rendering of a gym with people exercising on treadmills
Affordable Housing Income Restrictions

The Grainwood Senior Living is an affordable housing community with income restrictions. Please verify that you qualify with the following guidelines. The property has a minimum household income requirement of 2 times the monthly rent amount to qualify. Total household income must be UNDER the following limits based on household size:

-1 Occupant:   $52,200
-2 Occupants: $59,640
-3 Occupants: $67,080
-4 Occupants: $74,520
-5 Occupants: $80,520
-6 Occupants: $86,460


The Lifestyle
You Deserve

The Grainwood Senior Apartments was designed to meet your every need. Inside your home you'll be delighted by the features we have chosen for you. Outside your home you'll find plenty of space to unwind or exercise to your heart's content. See all of this and more in our photo gallery.

a bedroom with a bed and a painting of a bull
a dog and a cat are sleeping on a bed