Low Income Apartments and Affordable Housing For Rent in Park Falls, WI

Discover affordable housing in Park Falls where there are 5+ 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.

Charles M. Hill Villa

300 10th St S, Park Falls, Wisconsin 54552

Eldon Marple Manor

840 9th Street South, Park Falls, Wisconsin 54552

Norbert Schmidt Villa

477 1st Avenue North , Park Falls, Wisconsin 54552

Flambeau

1175 3rd Ave S, Park Falls, Wisconsin 54552

Price County Housing

700 Division St, Park Falls, Wisconsin 54552

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 Park Falls, 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 Park Falls, Wisconsin Affordable Housing ↓

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

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

How many renters live in Park Falls, Wisconsin?

The City of Park Falls has 2,389 people living in 1,150 households.

There are 714 renters living in 455 renter households in this City. Renters make up 29.89 percent of the population living in Park Falls.

What is the rental market like in Park Falls, Wisconsin?

There are an estimated 1,245 housing units in the Park Falls area. Of these, 471 units are rental homes, making up 38 percent of the housing market. For every renter household in Park Falls, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Park Falls?

The rental vacancy rate in Park Falls 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 Park Falls for each bedroom size?

Occupied Rental Units by Size in Park Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
80 91 233 30 16
Occupied Rental Units by Size in Park Falls

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

Among renter households in this market, 47 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 Park Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $684
One BR $689
Two BR $905
Three BR $1,201
Four BR $1,205
2024 Fair Market Rents in Park Falls, Wisconsin

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

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 10 13 percent
One BR 84 92 percent
Two BR 144 62 percent
Rental Units Below FMR in Park Falls, Wisconsin

How many affordable rental units are in Park Falls?

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

Federal Program Unit Count
Low Income Housing Tax Credit 7
Public Housing 35
Section 8 Project-Based Rental Assistance 42
Section 202 Supportive Housing for the Elderly 10
Tracked Units by Federal Program in Park Falls, Wisconsin

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

Income Based Apartments in Park Falls, Wisconsin

Park Falls features 105 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 Park Falls, Wisconsin

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park Falls.

Housing Choice Vouchers in Park Falls, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.