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

Discover affordable housing in Osseo 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.

Woodland Homes III

101 10th St, Osseo, Wisconsin 54758

Camelot Apartments

50956 Rose Ln, Osseo, Wisconsin 54758

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Osseo, Wisconsin
$17.41/hour
$10.16 (+140%) more than Wisconsin minimum wage and $10.16 (+140%) more than the Federal minimum wage.
Learn More About Osseo, Wisconsin Affordable Housing ↓

What HUD offices serve Osseo, 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 Osseo, Wisconsin.

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

How many renters live in Osseo, Wisconsin?

The City of Osseo has 1,720 people living in 744 households.

There are 535 renters living in 254 renter households in this City. Renters make up 31.1 percent of the population living in Osseo.

What is the rental market like in Osseo, Wisconsin?

There are an estimated 794 housing units in the Osseo area. Of these, 254 units are rental homes, making up 32 percent of the housing market. For every renter household in Osseo, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Osseo?

The rental vacancy rate in Osseo 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 Osseo for each bedroom size?

Occupied Rental Units by Size in Osseo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 70 114 50 20
Occupied Rental Units by Size in Osseo

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

Among renter households in this market, 37 percent have housing cost burden. Further, 13 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 Osseo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $695 to $1,224. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $695
One BR $699
Two BR $919
Three BR $1,219
Four BR $1,224
2024 Fair Market Rents in Osseo, Wisconsin

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

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 45 64 percent
Two BR 72 63 percent
Rental Units Below FMR in Osseo, Wisconsin

How many affordable rental units are in Osseo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Osseo, Wisconsin

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

Income Based Apartments in Osseo, Wisconsin

Osseo features 36 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 Osseo, Wisconsin

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osseo.

Housing Choice Vouchers in Osseo, Wisconsin

On average, Section 8 Housing Choice vouchers pay Osseo landlords $200 per month towards rent. The average voucher holder contributes $400 towards rent in Osseo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Osseo, Wisconsin for a two-bedroom apartment is between $827 and $1,011.

Sourced from federal housing data and AffordableHousingOnline.com research.