Low Income Apartments and Affordable Housing For Rent in Oak Creek, WI

Discover affordable housing in Oak Creek 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.

Oak Creek Courts

195 W Puetz Rd, Oak Creek, Wisconsin 53154

Booth Manor

150 W Centennial Dr, Oak Creek, Wisconsin 53154

The Centennial

400 E Centennial Dr, Oak Creek, Wisconsin 53154

Cherry Creek View Apartments

8032 S Wildwood Dr, Oak Creek, Wisconsin 53154

Brandywood Apartments

8900 S Wood Creek Dr, Oak Creek, Wisconsin 53154

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oak Creek, Wisconsin
$14.91 (+206%) more than Wisconsin minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Oak Creek, Wisconsin Affordable Housing ↓

What HUD offices serve Oak Creek, 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 Oak Creek, Wisconsin.

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

How many renters live in Oak Creek, Wisconsin?

The City of Oak Creek has 36,286 people living in 15,346 households.

There are 12,556 renters living in 6,296 renter households in this City. Renters make up 34.6 percent of the population living in Oak Creek.

What is the rental market like in Oak Creek, Wisconsin?

There are an estimated 15,666 housing units in the Oak Creek area. Of these, 6,487 units are rental homes, making up 41 percent of the housing market. For every renter household in Oak Creek, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Oak Creek?

The rental vacancy rate in Oak Creek is 3 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 Oak Creek for each bedroom size?

Occupied Rental Units by Size in Oak Creek
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
209 2,424 2,846 577 228
Occupied Rental Units by Size in Oak Creek

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

Among renter households in this market, 35 percent have housing cost burden. Further, 16 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 Oak Creek

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $845 to $1,592. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $845
One BR $979
Two BR $1,170
Three BR $1,460
Four BR $1,592
2024 Fair Market Rents in Oak Creek, Wisconsin

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

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 66 32 percent
One BR 832 34 percent
Two BR 729 26 percent
Rental Units Below FMR in Oak Creek, Wisconsin

How many affordable rental units are in Oak Creek?

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

Federal Program Unit Count
Low Income Housing Tax Credit 401
Section 8 Project-Based Rental Assistance 324
Section 202 Supportive Housing for the Elderly 39
Tracked Units by Federal Program in Oak Creek, Wisconsin

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

Income Based Apartments in Oak Creek, Wisconsin

Oak Creek features 167 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 Oak Creek, Wisconsin

There are 155 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Creek.

Housing Choice Vouchers in Oak Creek, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Creek, Wisconsin for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.