Low Income Apartments and Affordable Housing For Rent in Stevens Point, WI

Discover affordable housing in Stevens Point where there are 11+ 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 Cove Apartments

2601 Indiana Ave, Stevens Point, Wisconsin 54481

Woodside Village Apartments

232 Prentice St N, Stevens Point, Wisconsin 54481

John Slaby Villa

449 Frederick St N, Stevens Point, Wisconsin 54481

Berkshire Stevens Point

1443 Water St, Stevens Point, Wisconsin 54481

Wyndmere Estates

219 Prentice St, Stevens Point, Wisconsin 54481

Fireside Apartments

1600 Sherman Ave, Stevens Point, Wisconsin 54481

Feltz, Ken & Jackie

4040 County Road R, Stevens Point, Wisconsin

Eron Farms Llc

3681 Custer, Stevens Point, Wisconsin

Scattered Sites

521 Bliss Ave, Stevens Point, Wisconsin 54481

Hi Rise Manor - Tax Credit

1300 Briggs Ct, Stevens Point, Wisconsin 54481

Madison View Apartments

601 Johns Dr, Stevens Point, Wisconsin 54481

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stevens Point, Wisconsin
$18.50/hour
$11.25 (+155%) more than Wisconsin minimum wage and $11.25 (+155%) more than the Federal minimum wage.
Learn More About Stevens Point, Wisconsin Affordable Housing ↓

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

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

How many renters live in Stevens Point, Wisconsin?

The City of Stevens Point has 25,549 people living in 10,846 households.

There are 9,400 renters living in 5,219 renter households in this City. Renters make up 36.79 percent of the population living in Stevens Point.

What is the rental market like in Stevens Point, Wisconsin?

There are an estimated 11,366 housing units in the Stevens Point area. Of these, 5,515 units are rental homes, making up 49 percent of the housing market. For every renter household in Stevens Point, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Stevens Point?

The rental vacancy rate in Stevens Point is 5 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 Stevens Point for each bedroom size?

Occupied Rental Units by Size in Stevens Point
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
127 1,243 2,820 662 233
Occupied Rental Units by Size in Stevens Point

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

Among renter households in this market, 45 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 Stevens Point

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $662 to $1,335. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $662
One BR $762
Two BR $977
Three BR $1,224
Four BR $1,335
2024 Fair Market Rents in Stevens Point, Wisconsin

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

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 71 56 percent
One BR 813 65 percent
Two BR 1,831 65 percent
Rental Units Below FMR in Stevens Point, Wisconsin

How many affordable rental units are in Stevens Point?

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

Federal Program Unit Count
Low Income Housing Tax Credit 167
Public Housing 246
Section 8 Project-Based Rental Assistance 40
Section 811 Supportive Housing for Persons with Disabilities 8
Tracked Units by Federal Program in Stevens Point, Wisconsin

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

Income Based Apartments in Stevens Point, Wisconsin

Stevens Point features 454 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 Stevens Point, Wisconsin

There are 184 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stevens Point.

Housing Choice Vouchers in Stevens Point, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Stevens Point, Wisconsin for a two-bedroom apartment is between $879 and $1,075.

Sourced from federal housing data and AffordableHousingOnline.com research.