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

Squire Drive Apartments

616 Squire Dr
Cornell, Wisconsin

Ravenswood Apts

600 Ravenswood Ct
Cornell, Wisconsin
Rent Assisted
S. 515 Rural

Chippewa Valley Apartments

605 Ravenswood Ct
Cornell, Wisconsin
Rent Assisted
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There are 20 low-income apartments in Cornell that offer reduced rents to eligible households.

Rental assistance programs support 24 low-income homes in Cornell where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $314 towards rent each month.

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 Cornell, 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
Chippewa County Housing Authority Section 8 Housing Choice Voucher (HCV)
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 Cornell.

Cornell, Wisconsin Affordable Housing Data

Income Based Apartments in Cornell, Wisconsin

Cornell features 24 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 Cornell, Wisconsin

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cornell.

Housing Choice Vouchers in Cornell, Wisconsin

On average, Section 8 Housing Choice vouchers pay Cornell landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Cornell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cornell, Wisconsin for a two-bedroom apartment is between $823 and $1,005.

2023 Cornell, 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
Cornell, Wisconsin Fair Market Rent $639 $716 $914 $1,244 $1,427
Cornell, Wisconsin Payment Standard Range $575 to $703 $644 to $788 $823 to $1,005 $1,120 to $1,368 $1,284 to $1,570

Sourced from federal housing data and AffordableHousingOnline.com research.

Cornell, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 44
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 36.54%
Average Renter Household Size 2.29
Average Household Size 2.30
Median Household Income $36,406 ±$6,584
Median Rent $556 ±$100
Percentage Of Renters Overburdened 50.88% ± 19.51pp
Total Population 1,481

Population and Household Demographics

Cornell is a city in Chippewa County, Wisconsin with a population of 1,481. There are 624 households in the city with an average household size of 2.30 persons. 36.54% of households in Cornell are renters.

Income and Rent Overburden in Cornell

The median gross income for households in Cornell is $36,406 a year, or $3,034 a month. The median rent for the city is $556 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cornell, a household making less than $1,853 a month would be considered overburdened when renting an apartment at or above the median rent. 50.88% of households who rent are overburdened in Cornell.

Area Median Income In Cornell

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 Cornell, the AMI is calculated from all households within Chippewa County.

In Cornell, HUD calculates the Area Median Income for a family of four as $91,300

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 Cornell

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 Cornell

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 Cornell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,200 $21,950 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Cornell AMI may qualify for rental assistance programs that target Very Low Income households.
$32,000 $36,550 $41,100 $45,650 $49,350 $53,000 $56,650 $60,300
80% AMI Income Limits
Renters earning up to 80% of the Cornell AMI may qualify for rental assistance programs that target Low Income households.
$51,150 $58,450 $65,750 $73,050 $78,900 $84,750 $90,600 $96,450