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

Discover affordable housing in Sheldon where there are 1+ 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.

Lacy Street Apartments

W5590 Lacy Street, Sheldon, Wisconsin 54766

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 Sheldon, 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 Sheldon, Wisconsin Affordable Housing ↓

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

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

How many renters live in Sheldon, Wisconsin?

The City of Sheldon has 249 people living in 121 households.

There are 72 renters living in 37 renter households in this City. Renters make up 28.92 percent of the population living in Sheldon.

What is the rental market like in Sheldon, Wisconsin?

There are an estimated 135 housing units in the Sheldon area. Of these, 37 units are rental homes, making up 27 percent of the housing market. For every renter household in Sheldon, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Sheldon?

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

Occupied Rental Units by Size in Sheldon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 9 9 0
Occupied Rental Units by Size in Sheldon

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

Among renter households in this market, 24 percent have housing cost burden. Further, 11 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 Sheldon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,247. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $635
One BR $691
Two BR $905
Three BR $1,107
Four BR $1,247
2024 Fair Market Rents in Sheldon, Wisconsin

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

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 13 100 percent
Two BR 7 78 percent
Rental Units Below FMR in Sheldon, Wisconsin

How many affordable rental units are in Sheldon?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 3
Tracked Units by Federal Program in Sheldon, Wisconsin

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

Income Based Apartments in Sheldon, Wisconsin

Sheldon features 8 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 Sheldon, Wisconsin

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

Housing Choice Vouchers in Sheldon, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.