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

Discover affordable housing in Elmwood 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.

Glen Dor West Apts

430 W Shaw Ave, Elmwood, Wisconsin

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 Elmwood, Wisconsin
$30.72/hour
$23.47 (+324%) more than Wisconsin minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Elmwood, Wisconsin Affordable Housing ↓

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

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

How many renters live in Elmwood, Wisconsin?

The City of Elmwood has 683 people living in 286 households.

There are 168 renters living in 89 renter households in this City. Renters make up 24.6 percent of the population living in Elmwood.

What is the rental market like in Elmwood, Wisconsin?

There are an estimated 339 housing units in the Elmwood area. Of these, 116 units are rental homes, making up 34 percent of the housing market. For every renter household in Elmwood, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Elmwood?

The rental vacancy rate in Elmwood is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Elmwood for each bedroom size?

Occupied Rental Units by Size in Elmwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 23 22 25 8
Occupied Rental Units by Size in Elmwood

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

Among renter households in this market, 45 percent have housing cost burden. Further, 28 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 Elmwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Elmwood, Wisconsin

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

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 6 100 percent
One BR 21 91 percent
Two BR 18 82 percent
Rental Units Below FMR in Elmwood, Wisconsin

How many affordable rental units are in Elmwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Section 8 Project-Based Rental Assistance 14
Tracked Units by Federal Program in Elmwood, Wisconsin

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

Income Based Apartments in Elmwood, Wisconsin

Elmwood features 9 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 Elmwood, Wisconsin

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

Housing Choice Vouchers in Elmwood, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elmwood, Wisconsin for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.