Beloit features 357 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 Beloit, Wisconsin

There are 671 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beloit.

Housing Choice Vouchers in Beloit, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Beloit, Wisconsin for a two-bedroom apartment is between $748 and $914.

2020 Beloit, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Fair Market Rent	$630	$634	$831	$1,097	$1,126
Payment Standard Range	$567 to $693	$571 to $697	$748 to $914	$987 to $1,207	$1,013 to $1,239

Sourced from federal housing data and AffordableHousingOnline.com research.

Beloit, WI Affordable Housing Snapshot

Total Affordable Apartment Properties	18
Total Low Income Apartments	1,028
Total Housing Units with Rental Assistance	357
Percentage of Housing Units Occupied By Renters	%
Average Renter Household Size	0.00
Average Household Size	0.00
Median Household Income	$0 ±$0
Median Rent	$0 ±$0
Total Population	0

Population and Household Demographics

Beloit is a city in Rock County, Wisconsin with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Beloit are renters.

Income and Rent Overburden in Beloit

The median gross income for households in Beloit is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Beloit

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Beloit, the AMI is calculated from all households within Rock County.

In Beloit, HUD calculates the Area Median Income for a family of four as $70,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Beloit

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Beloit

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$14,900	$17,240	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% of Median	$24,800	$28,350	$31,900	$35,400	$38,250	$41,100	$43,900	$46,750
80% of Median	$39,700	$45,350	$51,000	$56,650	$61,200	$65,750	$70,250	$74,800

Affordable Housing In Beloit Rock County, Wisconsin

18 Low Income Apartment Communities In Beloit

Housing Authorities that serve Beloit

Guide To Affordable Housing in Beloit, Wisconsin

Income Based Apartments in Beloit, Wisconsin