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

Discover affordable housing in Granton 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.

Mapleworks

320 Clark St, Granton, Wisconsin 54436

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 Granton, Wisconsin
$17.14/hour
$9.89 (+136%) more than Wisconsin minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Granton, Wisconsin Affordable Housing ↓

What HUD offices serve Granton, 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 Granton, Wisconsin.

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

How many renters live in Granton, Wisconsin?

The City of Granton has 376 people living in 143 households.

There are 140 renters living in 48 renter households in this City. Renters make up 37.23 percent of the population living in Granton.

What is the rental market like in Granton, Wisconsin?

There are an estimated 168 housing units in the Granton area. Of these, 56 units are rental homes, making up 33 percent of the housing market. For every renter household in Granton, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Granton?

The rental vacancy rate in Granton is 7 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 Granton for each bedroom size?

Occupied Rental Units by Size in Granton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 22 19 3
Occupied Rental Units by Size in Granton

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

Among renter households in this market, 13 percent have housing cost burden. Further, 4 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 Granton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,251. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,169
Four BR $1,251
2024 Fair Market Rents in Granton, Wisconsin

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

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
One BR 2 50 percent
Two BR 20 91 percent
Rental Units Below FMR in Granton, Wisconsin

How many affordable rental units are in Granton?

Income Based Apartments in Granton, Wisconsin

Granton features 8 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 Granton, Wisconsin

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

Housing Choice Vouchers in Granton, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Granton, Wisconsin for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.