Low Income Apartments and Affordable Housing For Rent in New Lisbon, WI

Discover affordable housing in New Lisbon where there are 2+ 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.

Westview Haven

530 S Washington St, New Lisbon, Wisconsin 53950

Sunnydale

611 W Liberty St, New Lisbon, Wisconsin

calendar_today Opened: Sep 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Lisbon, Wisconsin
$17.94/hour
$10.69 (+147%) more than Wisconsin minimum wage and $10.69 (+147%) more than the Federal minimum wage.
Learn More About New Lisbon, Wisconsin Affordable Housing ↓

What HUD offices serve New Lisbon, 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 programs for New Lisbon, Wisconsin.

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

How many renters live in New Lisbon, Wisconsin?

The City of New Lisbon has 1,688 people living in 686 households.

There are 466 renters living in 238 renter households in this City. Renters make up 27.61 percent of the population living in New Lisbon.

What is the rental market like in New Lisbon, Wisconsin?

There are an estimated 741 housing units in the New Lisbon area. Of these, 244 units are rental homes, making up 33 percent of the housing market. For every renter household in New Lisbon, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in New Lisbon?

The rental vacancy rate in New Lisbon is 2 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 New Lisbon for each bedroom size?

Occupied Rental Units by Size in New Lisbon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 68 123 41 0
Occupied Rental Units by Size in New Lisbon

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

Among renter households in this market, 38 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 New Lisbon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $664 to $1,261. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $664
One BR $721
Two BR $947
Three BR $1,145
Four BR $1,261
2024 Fair Market Rents in New Lisbon, Wisconsin

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

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 2 33 percent
One BR 55 81 percent
Two BR 101 82 percent
Rental Units Below FMR in New Lisbon, Wisconsin

How many affordable rental units are in New Lisbon?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in New Lisbon, Wisconsin

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

Income Based Apartments in New Lisbon, Wisconsin

New Lisbon features 26 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 New Lisbon, Wisconsin

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Lisbon.

Housing Choice Vouchers in New Lisbon, Wisconsin

On average, Section 8 Housing Choice vouchers pay New Lisbon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Lisbon.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Lisbon, Wisconsin for a two-bedroom apartment is between $852 and $1,042.

Sourced from federal housing data and AffordableHousingOnline.com research.