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

Discover affordable housing in Cornell where there are 3+ 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.

Squire Drive Apartments

616 Squire Dr, Cornell, Wisconsin 54732

Ravenswood Apts

600 Ravenswood Ct, Cornell, Wisconsin

Chippewa Valley Apartments

605 Ravenswood Ct, Cornell, Wisconsin 54732

calendar_today Opened: Apr 30
Open Until Further Notice

Reported On February 23rd, 2024 by Madison Shannahan

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 Cornell, Wisconsin
$19.68/hour
$12.43 (+171%) more than Wisconsin minimum wage and $12.43 (+171%) more than the Federal minimum wage.
Learn More About Cornell, Wisconsin Affordable Housing ↓

What HUD offices serve Cornell, 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 Cornell, Wisconsin.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Cornell, Wisconsin.

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

How many renters live in Cornell, Wisconsin?

The City of Cornell has 1,395 people living in 577 households.

There are 339 renters living in 146 renter households in this City. Renters make up 24.3 percent of the population living in Cornell.

What is the rental market like in Cornell, Wisconsin?

There are an estimated 638 housing units in the Cornell area. Of these, 146 units are rental homes, making up 23 percent of the housing market. For every renter household in Cornell, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Cornell?

The rental vacancy rate in Cornell is 0 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 Cornell for each bedroom size?

Occupied Rental Units by Size in Cornell
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 34 57 19 27
Occupied Rental Units by Size in Cornell

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

Among renter households in this market, 27 percent have housing cost burden. Further, 10 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 Cornell

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $777 to $1,555. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $777
One BR $833
Two BR $1,039
Three BR $1,427
Four BR $1,555
2024 Fair Market Rents in Cornell, Wisconsin

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

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
One BR 30 88 percent
Two BR 33 58 percent
Rental Units Below FMR in Cornell, Wisconsin

How many affordable rental units are in Cornell?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Section 8 Project-Based Rental Assistance 16
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Cornell, Wisconsin

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

Income Based Apartments in Cornell, Wisconsin

Cornell features 24 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 Cornell, Wisconsin

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cornell.

Housing Choice Vouchers in Cornell, Wisconsin

On average, Section 8 Housing Choice vouchers pay Cornell landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Cornell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cornell, Wisconsin for a two-bedroom apartment is between $935 and $1,143.

Sourced from federal housing data and AffordableHousingOnline.com research.