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

Discover affordable housing in Shorewood where there are 2+ 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.

River Park Apartments I

1700 E River Park Ct, Shorewood, Wisconsin 53211

River Park Apartments II

1600 E River Park Ct, Shorewood, Wisconsin 53211

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

What HUD offices serve Shorewood, 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 Shorewood, Wisconsin.

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

How many renters live in Shorewood, Wisconsin?

The City of Shorewood has 13,707 people living in 6,681 households.

There are 5,715 renters living in 3,481 renter households in this City. Renters make up 41.69 percent of the population living in Shorewood.

What is the rental market like in Shorewood, Wisconsin?

There are an estimated 6,922 housing units in the Shorewood area. Of these, 3,564 units are rental homes, making up 51 percent of the housing market. For every renter household in Shorewood, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Shorewood?

The rental vacancy rate in Shorewood is 2 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 Shorewood for each bedroom size?

Occupied Rental Units by Size in Shorewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
163 1,333 1,590 373 9
Occupied Rental Units by Size in Shorewood

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

Among renter households in this market, 40 percent have housing cost burden. Further, 19 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 Shorewood

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 Shorewood, Wisconsin

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

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 39 24 percent
One BR 794 60 percent
Two BR 481 30 percent
Rental Units Below FMR in Shorewood, Wisconsin

How many affordable rental units are in Shorewood?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 429
Tracked Units by Federal Program in Shorewood, Wisconsin

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

Income Based Apartments in Shorewood, Wisconsin

Shorewood features 430 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 Shorewood, Wisconsin

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shorewood.

Housing Choice Vouchers in Shorewood, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.