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

Discover affordable housing in Evansville where there are 5+ 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.

South Meadows Apartments

455 S 1st St, Evansville, Wisconsin 53536

Baker Block Apartments Homes

101 E Main St, Evansville, Wisconsin 53536

Seminary Park Apartments Homes

100 College Dr, Evansville, Wisconsin 53536

M99 Crhd 89205.03 Comm Action : Brown Sch

740 Brown School Rd, Evansville, Wisconsin 53536

Evansville Town Homes

20 Countryside Dr, Evansville, Wisconsin 53536

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 Evansville, Wisconsin
$20.93/hour
$13.68 (+189%) more than Wisconsin minimum wage and $13.68 (+189%) more than the Federal minimum wage.
Learn More About Evansville, Wisconsin Affordable Housing ↓

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

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

How many renters live in Evansville, Wisconsin?

The City of Evansville has 5,720 people living in 2,360 households.

There are 1,042 renters living in 651 renter households in this City. Renters make up 18.22 percent of the population living in Evansville.

What is the rental market like in Evansville, Wisconsin?

There are an estimated 2,400 housing units in the Evansville area. Of these, 651 units are rental homes, making up 27 percent of the housing market. For every renter household in Evansville, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Evansville?

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

Occupied Rental Units by Size in Evansville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 182 382 58 0
Occupied Rental Units by Size in Evansville

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

Among renter households in this market, 41 percent have housing cost burden. Further, 21 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 Evansville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $797 to $1,533. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $797
One BR $841
Two BR $1,105
Three BR $1,461
Four BR $1,533
2024 Fair Market Rents in Evansville, Wisconsin

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

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 29 100 percent
One BR 182 100 percent
Two BR 203 53 percent
Rental Units Below FMR in Evansville, Wisconsin

How many affordable rental units are in Evansville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 84
Section 8 Project-Based Rental Assistance 20
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Evansville, Wisconsin

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

Income Based Apartments in Evansville, Wisconsin

Evansville features 44 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 Evansville, Wisconsin

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Evansville.

Housing Choice Vouchers in Evansville, Wisconsin

On average, Section 8 Housing Choice vouchers pay Evansville landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Evansville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Evansville, Wisconsin for a two-bedroom apartment is between $995 and $1,216.

Sourced from federal housing data and AffordableHousingOnline.com research.