Low Income Apartments and Affordable Housing For Rent in Oconto Falls, WI

Discover affordable housing in Oconto Falls where there are 4+ 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.

Parkview I Apartments

104 N Franklin St, Oconto Falls, Wisconsin 54154

Ridgeview Apartments

829 S Main St, Oconto Falls, Wisconsin 54154

The Falls Apts

342 Columbia Ave, Oconto Falls, Wisconsin

Oconto Falls Family Housing

Columbia St, Oconto Falls, Wisconsin 54154

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

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

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

How many renters live in Oconto Falls, Wisconsin?

The City of Oconto Falls has 2,959 people living in 1,268 households.

There are 1,039 renters living in 568 renter households in this City. Renters make up 35.11 percent of the population living in Oconto Falls.

What is the rental market like in Oconto Falls, Wisconsin?

There are an estimated 1,318 housing units in the Oconto Falls area. Of these, 591 units are rental homes, making up 45 percent of the housing market. For every renter household in Oconto Falls, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Oconto Falls?

The rental vacancy rate in Oconto Falls is 4 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 Oconto Falls for each bedroom size?

Occupied Rental Units by Size in Oconto Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 203 288 34 17
Occupied Rental Units by Size in Oconto Falls

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

Among renter households in this market, 54 percent have housing cost burden. Further, 20 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 Oconto Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $663 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $663
One BR $737
Two BR $905
Three BR $1,139
Four BR $1,205
2024 Fair Market Rents in Oconto Falls, Wisconsin

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

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 26 100 percent
One BR 158 78 percent
Two BR 225 78 percent
Rental Units Below FMR in Oconto Falls, Wisconsin

How many affordable rental units are in Oconto Falls?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 82
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Oconto Falls, Wisconsin

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

Income Based Apartments in Oconto Falls, Wisconsin

Oconto Falls features 66 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 Oconto Falls, Wisconsin

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oconto Falls.

Housing Choice Vouchers in Oconto Falls, Wisconsin

On average, Section 8 Housing Choice vouchers pay Oconto Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Oconto Falls.

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

Sourced from federal housing data and AffordableHousingOnline.com research.