. Low Income Apartments For Rent in Mondovi, Wisconsin - Affordable Housing Online

Memorial Drive II

225 Memorial Dr
Mondovi, Wisconsin
Rent Assisted
S. 515 Rural

Highland Apartments

600 Buffalo St
Mondovi, Wisconsin
Public Housing

Jefferson St Apts

310 Jefferson
Mondovi, Wisconsin
Rent Assisted
S. 515 Rural
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There are 0 low-income apartments in Mondovi that offer reduced rents to eligible households.

Rental assistance programs support 56 low-income homes in Mondovi where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Mondovi, 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.

Housing Authority Programs
Mondovi Housing Authority Public Housing
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Mondovi.

Mondovi, Wisconsin Affordable Housing Data

Income Based Apartments in Mondovi, Wisconsin

Mondovi features 56 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 Mondovi, Wisconsin

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

Housing Choice Vouchers in Mondovi, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mondovi, Wisconsin for a two-bedroom apartment is between $818 and $1,000.

2023 Mondovi, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Mondovi, Wisconsin Fair Market Rent $638 $691 $909 $1,134 $1,221
Mondovi, Wisconsin Payment Standard Range $574 to $702 $622 to $760 $818 to $1,000 $1,021 to $1,247 $1,099 to $1,343

Sourced from federal housing data and AffordableHousingOnline.com research.

Mondovi, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 56
Total Housing Units with Rental Assistance 56
Percentage of Housing Units Occupied By Renters 42.98%
Average Renter Household Size 2.29
Average Household Size 2.19
Median Household Income $42,050 ±$7,787
Median Rent $659 ±$60
Percentage Of Renters Overburdened 39.73% ± 11.36pp
Total Population 2,693

Population and Household Demographics

Mondovi is a city in Buffalo County, Wisconsin with a population of 2,693. There are 1,189 households in the city with an average household size of 2.19 persons. 42.98% of households in Mondovi are renters.

Income and Rent Overburden in Mondovi

The median gross income for households in Mondovi is $42,050 a year, or $3,504 a month. The median rent for the city is $659 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mondovi, a household making less than $2,197 a month would be considered overburdened when renting an apartment at or above the median rent. 39.73% of households who rent are overburdened in Mondovi.

Area Median Income In Mondovi

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Mondovi, the AMI is calculated from all households within Buffalo County.

In Mondovi, HUD calculates the Area Median Income for a family of four as $85,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Mondovi

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Mondovi

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Mondovi AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,850 $20,400 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Mondovi AMI may qualify for rental assistance programs that target Very Low Income households.
$29,750 $34,000 $38,250 $42,500 $45,900 $49,300 $52,700 $56,100
80% AMI Income Limits
Renters earning up to 80% of the Mondovi AMI may qualify for rental assistance programs that target Low Income households.
$47,600 $54,400 $61,200 $68,000 $73,450 $78,900 $84,350 $89,800