. Low Income Apartments For Rent in Cochrane, Wisconsin - Affordable Housing Online

Buffalo Co Hsg Inc

244 North Main Street
Cochrane, Wisconsin
Rent Assisted
S. 515 Rural
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There are 0 low-income apartments in Cochrane that offer reduced rents to eligible households.

Rental assistance programs support 104 low-income homes in Cochrane where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cochrane, 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.

Housing Authority Programs
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Cochrane.

Cochrane, Wisconsin Affordable Housing Data

Income Based Apartments in Cochrane, Wisconsin

Cochrane features 104 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 Cochrane, Wisconsin

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

Housing Choice Vouchers in Cochrane, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cochrane, Wisconsin for a two-bedroom apartment is between $818 and $1,000.

2023 Cochrane, 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
Cochrane, Wisconsin Fair Market Rent $638 $691 $909 $1,134 $1,221
Cochrane, Wisconsin Payment Standard Range $574 to $702 $622 to $760 $818 to $1,000 $1,021 to $1,247 $1,099 to $1,343

Sourced from federal housing data and AffordableHousingOnline.com research.

Cochrane, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 104
Total Housing Units with Rental Assistance 104
Percentage of Housing Units Occupied By Renters 39.81%
Average Renter Household Size 1.48
Average Household Size 2.15
Median Household Income $48,750 ±$19,250
Median Rent $375 ±$42
Percentage Of Renters Overburdened 21.95% ± 16.78pp
Total Population 442

Population and Household Demographics

Cochrane is a city in Buffalo County, Wisconsin with a population of 442. There are 206 households in the city with an average household size of 2.15 persons. 39.81% of households in Cochrane are renters.

Income and Rent Overburden in Cochrane

The median gross income for households in Cochrane is $48,750 a year, or $4,063 a month. The median rent for the city is $375 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cochrane, a household making less than $1,250 a month would be considered overburdened when renting an apartment at or above the median rent. 21.95% of households who rent are overburdened in Cochrane.

Area Median Income In Cochrane

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 Cochrane, the AMI is calculated from all households within Buffalo County.

In Cochrane, HUD calculates the Area Median Income for a family of four as $85,200

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 Cochrane

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 Cochrane

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Cochrane AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,850 $20,400 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Cochrane AMI may qualify for rental assistance programs that target Very Low Income households.
$29,750 $34,000 $38,250 $42,500 $45,900 $49,300 $52,700 $56,100
80% AMI Income Limits
Renters earning up to 80% of the Cochrane AMI may qualify for rental assistance programs that target Low Income households.
$47,600 $54,400 $61,200 $68,000 $73,450 $78,900 $84,350 $89,800