Low Income Apartments and Affordable Housing For Rent in Iron County, WI

Discover affordable housing in Iron County where there are 8+ 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.

Range View Apartments

1010 Lablonde Ln, Hurley, Wisconsin 54534

Iron Drift Knight Apartments

Pence St, Montreal, Wisconsin 54550

Hurley Gardens Estates

300 Hematite St, Hurley, Wisconsin 54534

Southgate Village

410 3rd Ave S, Hurley, Wisconsin 54534

Villa Vista

303 Taconite St, Hurley, Wisconsin 54534

Country Villa

14340 N Hwy 122, Saxon, Wisconsin

Birchwood Terrace

3314 Lakeview Dr, Mercer, Wisconsin 54547

Echo Hollow Senior Apartments

3290 Lakeview Rd, Mercer, Wisconsin 54547

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 Iron County, 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 Iron County, Wisconsin Affordable Housing ↓

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

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

How many renters live in Iron County, Wisconsin?

The County of Iron County has 6,136 people living in 2,941 households.

There are 795 renters living in 443 renter households in this County. Renters make up 12.96 percent of the population living in Iron County.

What is the rental market like in Iron County, Wisconsin?

There are an estimated 5,576 housing units in the Iron County area. Of these, 627 units are rental homes, making up 11 percent of the housing market. For every renter household in Iron County, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Iron County?

The rental vacancy rate in Iron County is 27 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 Iron County for each bedroom size?

Occupied Rental Units by Size in Iron County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 187 123 106 25
Occupied Rental Units by Size in Iron County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 19 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 Iron County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,284. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $635
One BR $703
Two BR $905
Three BR $1,094
Four BR $1,284
2024 Fair Market Rents in Iron County, Wisconsin

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

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 0 100 percent
One BR 160 86 percent
Two BR 70 57 percent
Rental Units Below FMR in Iron County, Wisconsin

How many affordable rental units are in Iron County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 54
Public Housing 54
Section 8 Project-Based Rental Assistance 64
USDA Section 515 Rural Rental Housing 42
Tracked Units by Federal Program in Iron County, Wisconsin

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

Income Based Apartments in Iron County, Wisconsin

Iron County features 145 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 Iron County, Wisconsin

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iron County.

Housing Choice Vouchers in Iron County, Wisconsin

On average, Section 8 Housing Choice vouchers pay Iron County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Iron County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.