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

Discover affordable housing in Lancaster 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.

Sunrise Valley

703 S Washington St, Lancaster, Wisconsin 53813

Lancaster Senior Village

601 Pigeon Creek Dr, Lancaster, Wisconsin 53813

Sunrise Valley C and D

669 S Washington St, Lancaster, Wisconsin 53813

Farm View Housing

6671 Badger Rd, Lancaster, Wisconsin

Sunrise Valley a and B

611 S Washington St, Lancaster, Wisconsin 53813

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

What HUD offices serve Lancaster, 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 Lancaster, Wisconsin.

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

How many renters live in Lancaster, Wisconsin?

The City of Lancaster has 3,917 people living in 1,561 households.

There are 971 renters living in 457 renter households in this City. Renters make up 24.79 percent of the population living in Lancaster.

What is the rental market like in Lancaster, Wisconsin?

There are an estimated 1,639 housing units in the Lancaster area. Of these, 483 units are rental homes, making up 29 percent of the housing market. For every renter household in Lancaster, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Lancaster?

The rental vacancy rate in Lancaster is 5 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 Lancaster for each bedroom size?

Occupied Rental Units by Size in Lancaster
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 113 151 105 0
Occupied Rental Units by Size in Lancaster

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

Among renter households in this market, 29 percent have housing cost burden. Further, 12 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 Lancaster

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $696 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $696
One BR $701
Two BR $905
Three BR $1,161
Four BR $1,536
2024 Fair Market Rents in Lancaster, Wisconsin

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

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 102 90 percent
Two BR 118 78 percent
Rental Units Below FMR in Lancaster, Wisconsin

How many affordable rental units are in Lancaster?

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

Federal Program Unit Count
Low Income Housing Tax Credit 5
Section 8 Project-Based Rental Assistance 43
Tracked Units by Federal Program in Lancaster, Wisconsin

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

Income Based Apartments in Lancaster, Wisconsin

Lancaster features 135 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 Lancaster, Wisconsin

There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lancaster.

Housing Choice Vouchers in Lancaster, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.