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

Discover affordable housing in Mercer where there are 2+ 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.

Birchwood Terrace

3314 Lakeview Dr, Mercer, Wisconsin 54547

Echo Hollow Senior Apartments

3290 Lakeview Rd, Mercer, Wisconsin 54547

How To Identify Affordable Housing in Mercer, Wisconsin

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
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 Mercer, Wisconsin
$9.89 (+136%) more than Wisconsin minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Mercer, Wisconsin Affordable Housing ↓

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

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

How many renters live in Mercer, Wisconsin?

The City of Mercer has people living in households.

There are renters living in renter households in this City. Renters make up 29.27 percent of the population living in Mercer.

What is the rental market like in Mercer, Wisconsin?

There are an estimated housing units in the Mercer area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mercer, Wisconsin, there are 1.14 rental units.

What is the vacancy rate for rentals in Mercer?

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

Occupied Rental Units by Size in Mercer
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 24 26 12 8
Occupied Rental Units by Size in Mercer

A large number of apartments in Mercer have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Mercer

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 Mercer, Wisconsin

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

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 23 96 percent
Two BR 5 19 percent
Rental Units Below FMR in Mercer, Wisconsin

How many affordable rental units are in Mercer?

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

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

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

Income Based Apartments in Mercer, Wisconsin

Mercer features 24 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 Mercer, Wisconsin

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

Housing Choice Vouchers in Mercer, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.