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

Discover affordable housing in Prescott where there are 3+ 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.

St Croix Manor

1028 Borner St N, Prescott, Wisconsin 54021

bed 1
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

665 Ash St Unit 3

665 Ash St Unit 3, Prescott, Wisconsin 54021

bed 2
payment $1000/mo.

Prescott Housing Lp

651 Dexter St S, Prescott, Wisconsin 54021

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Prescott, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 21
Open Until Further Notice
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calendar_month

Reported On September 18th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prescott, Wisconsin
$30.72/hour
$23.47 (+324%) more than Wisconsin minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Prescott, Wisconsin Affordable Housing ↓

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

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

How many renters live in Prescott, Wisconsin?

The City of Prescott has people living in households.

There are renters living in renter households in this City. Renters make up 27.19 percent of the population living in Prescott.

What is the rental market like in Prescott, Wisconsin?

There are an estimated housing units in the Prescott area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Prescott, Wisconsin, there are 1.1 rental units.

What is the vacancy rate for rentals in Prescott?

The rental vacancy rate in Prescott is 9 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 Prescott for each bedroom size?

Occupied Rental Units by Size in Prescott
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 556 77 17
Occupied Rental Units by Size in Prescott

A large number of apartments in Prescott 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 Prescott

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Prescott, Wisconsin

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

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
Two BR 504 91 percent
Rental Units Below FMR in Prescott, Wisconsin

How many affordable rental units are in Prescott?

There are a variety of federal affordable housing programs serving households in Prescott, 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 Prescott, Wisconsin

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

Income Based Apartments in Prescott, Wisconsin

Prescott features 48 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 Prescott, Wisconsin

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prescott.

Housing Choice Vouchers in Prescott, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Prescott, Wisconsin for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.

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