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

Discover affordable housing in Waupaca where there are 7+ 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.

Woodland Hills

500 High St, Waupaca, Wisconsin 54981

Ye Olde Firehouse Apartments

222 N Main St, Waupaca, Wisconsin 54981

Countryside Estates

517 Wisconsin St , Waupaca, Wisconsin 54981

Waupaca Senior Village

2830 Otter Dr, Waupaca, Wisconsin 54981

Fox Fire Senior Village

2842 Otter Dr, Waupaca, Wisconsin 54981

Leroy Butler Townhomes

730 Leroy Butler Dr, Waupaca, Wisconsin 54981

Pheasant Run Apartments

312 S Western Ave, Waupaca, Wisconsin 54981

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waupaca, Wisconsin
$17.14/hour
$9.89 (+136%) more than Wisconsin minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Waupaca, Wisconsin Affordable Housing ↓

What HUD offices serve Waupaca, 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) programs for Waupaca, Wisconsin.

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

How many renters live in Waupaca, Wisconsin?

The City of Waupaca has 6,294 people living in 2,833 households.

There are 1,998 renters living in 1,203 renter households in this City. Renters make up 31.74 percent of the population living in Waupaca.

What is the rental market like in Waupaca, Wisconsin?

There are an estimated 2,928 housing units in the Waupaca area. Of these, 1,210 units are rental homes, making up 41 percent of the housing market. For every renter household in Waupaca, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Waupaca?

The rental vacancy rate in Waupaca is 1 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 Waupaca for each bedroom size?

Occupied Rental Units by Size in Waupaca
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 339 662 149 15
Occupied Rental Units by Size in Waupaca

A large number of apartments in Waupaca 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 Waupaca are overburdened by housing costs?

Among renter households in this market, 27 percent have housing cost burden. Further, 9 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 Waupaca

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,262. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $635
One BR $745
Two BR $905
Three BR $1,258
Four BR $1,262
2024 Fair Market Rents in Waupaca, Wisconsin

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

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 9 38 percent
One BR 244 72 percent
Two BR 446 67 percent
Rental Units Below FMR in Waupaca, Wisconsin

How many affordable rental units are in Waupaca?

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

Federal Program Unit Count
Low Income Housing Tax Credit 76
Section 8 Project-Based Rental Assistance 83
Tracked Units by Federal Program in Waupaca, Wisconsin

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

Income Based Apartments in Waupaca, Wisconsin

Waupaca features 70 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 Waupaca, Wisconsin

There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waupaca.

Housing Choice Vouchers in Waupaca, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Waupaca, Wisconsin for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.