Low Income Apartments and Affordable Housing For Rent in Richland Center, WI

Discover affordable housing in Richland Center where there are 6+ 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.

Richland Center Wha

1480 Wedgewood Dr, Richland Center, Wisconsin 53581

Richland County Housing

975 W Seminary St, Richland Center, Wisconsin 53581

Tom Woodman Villa

1701 Woodland Circle, Richland Center, Wisconsin 53581

Richland Hills Apartments

701 W Seminary St, Richland Center, Wisconsin 53581

Woodbury Village Apartments

1690 Wedgewood Dr, Richland Center, Wisconsin 53581

Ada James Place

1000 Parkview Dr, Richland Center, Wisconsin 53581

calendar_today Opened: Aug 9
Open Until Further Notice

Reported On August 9th, 2023 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Richland Center, Wisconsin
$17.14/hour
$9.89 (+136%) more than Wisconsin minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Richland Center, Wisconsin Affordable Housing ↓

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

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

How many renters live in Richland Center, Wisconsin?

The City of Richland Center has 5,058 people living in 2,288 households.

There are 1,705 renters living in 951 renter households in this City. Renters make up 33.71 percent of the population living in Richland Center.

What is the rental market like in Richland Center, Wisconsin?

There are an estimated 2,604 housing units in the Richland Center area. Of these, 1,164 units are rental homes, making up 45 percent of the housing market. For every renter household in Richland Center, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Richland Center?

The rental vacancy rate in Richland Center is 15 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 Richland Center for each bedroom size?

Occupied Rental Units by Size in Richland Center
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
142 271 279 170 66
Occupied Rental Units by Size in Richland Center

A large number of apartments in Richland Center 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 Richland Center are overburdened by housing costs?

Among renter households in this market, 26 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 Richland Center

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,446. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $779
Two BR $905
Three BR $1,119
Four BR $1,446
2024 Fair Market Rents in Richland Center, Wisconsin

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

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 85 60 percent
One BR 218 80 percent
Two BR 175 63 percent
Rental Units Below FMR in Richland Center, Wisconsin

How many affordable rental units are in Richland Center?

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

Federal Program Unit Count
Low Income Housing Tax Credit 60
Public Housing 59
Section 8 Project-Based Rental Assistance 96
Section 202 Supportive Housing for the Elderly 19
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Richland Center, Wisconsin

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

Income Based Apartments in Richland Center, Wisconsin

Richland Center features 176 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 Richland Center, Wisconsin

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland Center.

Housing Choice Vouchers in Richland Center, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.