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

Granite Hills Manor

514 Main St
Montello, Wisconsin
Rent Assisted
S. 515 Rural

Granite City Heights

331 Main St
Montello, Wisconsin
Rent Assisted

Umos-Montello Cntr

N2912 Hwy 22 S
Montello, Wisconsin
Rent Assisted
Farm Labor

M0181408.200.069, 230 Central

230 Central Ave
Montello, Wisconsin
Rent Assisted

Fox River Senior Village

210 Town Hall Dr
Montello, Wisconsin
Rent Assisted

M0181406.112.064, Cap Services

101 Village Sq
Montello, Wisconsin
Rent Assisted

Rhdc0406 Cap Services

Montello, Wisconsin
Rent Assisted
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There are 59 low-income apartments in Montello that offer reduced rents to eligible households.

Rental assistance programs support 18 low-income homes in Montello 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 Montello, 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
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 Montello.

Montello, Wisconsin Affordable Housing Data

Income Based Apartments in Montello, Wisconsin

Montello features 18 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 Montello, Wisconsin

There are 59 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montello.

Housing Choice Vouchers in Montello, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Montello, Wisconsin for a two-bedroom apartment is between $743 and $909.

2023 Montello, 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
Montello, Wisconsin Fair Market Rent $579 $628 $826 $1,047 $1,149
Montello, Wisconsin Payment Standard Range $521 to $637 $565 to $691 $743 to $909 $942 to $1,152 $1,034 to $1,264

Sourced from federal housing data and AffordableHousingOnline.com research.

Montello, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 85
Total Housing Units with Rental Assistance 18
Percentage of Housing Units Occupied By Renters 38.23%
Average Renter Household Size 1.93
Average Household Size 2.04
Median Household Income $38,710 ±$4,233
Median Rent $611 ±$157
Percentage Of Renters Overburdened 32.91% ± 9.89pp
Total Population 1,436

Population and Household Demographics

Montello is a city in Marquette County, Wisconsin with a population of 1,436. There are 620 households in the city with an average household size of 2.04 persons. 38.23% of households in Montello are renters.

Income and Rent Overburden in Montello

The median gross income for households in Montello is $38,710 a year, or $3,226 a month. The median rent for the city is $611 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montello, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 32.91% of households who rent are overburdened in Montello.

Area Median Income In Montello

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 Montello, the AMI is calculated from all households within Marquette County.

In Montello, HUD calculates the Area Median Income for a family of four as $75,500

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 Montello

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 Montello

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30% AMI Income Limits
Renters earning up to 30% of the Montello 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 Montello 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 Montello 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