Low Income Apartments and Affordable Housing For Rent in Racine, WI

Discover affordable housing in Racine where there are 44+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Lighthouse Point Townhomes

500 Shelbourne Ct, Racine, Wisconsin 53402

Durand Plaza

3003 Durand Ave, Racine, Wisconsin 53403

Mitchell Wagon Lofts

815 8th Street, Racine, Wisconsin 53403

Arcade Apartments

424 Lake Ave., Racine, Wisconsin 53403

Trinity Terrace

2132 Center St, Racine, Wisconsin 53403

Lincoln Villas North

3919 Ruby Ave, Racine, Wisconsin 53402

AJAX II Apartments

1316 16th Street, Racine, Wisconsin 53403

Lake Oaks

1912 Wisconsin Ave, Racine, Wisconsin 53403

Washington Apartments

2000 Washington Ave, Racine, Wisconsin 53403

St Paul Gardens Apartments

1120 Center St, Racine, Wisconsin 53403

The Home Company

1204 Schiller St, Racine, Wisconsin 53403

Lincoln Villas Redevelopment Llc

5810 Lincoln Village Dr, Racine, Wisconsin 53406

South Willow Apartments

1840 Roosevelt Ave, Racine, Wisconsin 53406

Riverview Manor Senior Apartments

1403 W 6th St , Racine, Wisconsin 53404

Albert House

4000 Maryland Ave, Racine, Wisconsin 53405

Parkview, Phase III

5225 Douglas Ave, Racine, Wisconsin 53402

Regency West Apartments

2234 Loni Ln, Racine, Wisconsin 53406

Parkview Gardens

5321 Douglas Ave, Racine, Wisconsin 53402

Arabella

2100 Northwestern Ave., Racine, Wisconsin 53404

Gold Medal Lofts

1701 Packard Ave, Racine, Wisconsin 53403

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Racine, Wisconsin
$20.68/hour
$13.43 (+185%) more than Wisconsin minimum wage and $13.43 (+185%) more than the Federal minimum wage.
Learn More About Racine, Wisconsin Affordable Housing ↓

What HUD offices serve Racine, Wisconsin?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Racine, Wisconsin.

Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Racine.

How many renters live in Racine, Wisconsin?

The City of Racine has 76,455 people living in 31,263 households.

There are 23,584 renters living in 11,391 renter households in this City. Renters make up 30.85 percent of the population living in Racine.

What is the rental market like in Racine, Wisconsin?

There are an estimated 33,979 housing units in the Racine area. Of these, 14,231 units are rental homes, making up 42 percent of the housing market. For every renter household in Racine, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Racine?

The rental vacancy rate in Racine is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Racine for each bedroom size?

Occupied Rental Units by Size in Racine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
305 2,777 5,455 3,635 570
Occupied Rental Units by Size in Racine

A large number of apartments in Racine have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Racine are overburdened by housing costs?

Among renter households in this market, 36 percent have housing cost burden. Further, 24 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Racine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $740 to $1,662. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $740
One BR $842
Two BR $1,092
Three BR $1,429
Four BR $1,662
2024 Fair Market Rents in Racine, Wisconsin

How many units are rented at Fair Market Rent (FMR) in Racine?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 143 47 percent
One BR 1,879 68 percent
Two BR 3,494 64 percent
Rental Units Below FMR in Racine, Wisconsin

How many affordable rental units are in Racine?

There are a variety of federal affordable housing programs serving households in Racine, Wisconsin including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 724
Section 8 Project-Based Rental Assistance 954
Section 811 Supportive Housing for Persons with Disabilities 11
Tracked Units by Federal Program in Racine, Wisconsin

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Racine, Wisconsin

Racine features 1,037 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Racine, Wisconsin

There are 1,349 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Racine.

Housing Choice Vouchers in Racine, Wisconsin

On average, Section 8 Housing Choice vouchers pay Racine landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Racine.

The maximum amount a voucher would pay on behalf of a low-income tenant in Racine, Wisconsin for a two-bedroom apartment is between $983 and $1,201.

Sourced from federal housing data and AffordableHousingOnline.com research.