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

Discover affordable housing in Wauwatosa where there are 7+ 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 Parkway Apartments and Townhomes

6300 River Parkway , Wauwatosa, Wisconsin 53213

Greek Orthodox Manor

9440 W Congress St, Wauwatosa, Wisconsin 53225

Tosa Glen

1330 Saint James Ct, Wauwatosa, Wisconsin 53213

Center Street Apartments

7400 W Center St, Wauwatosa, Wisconsin 53210

Cedar Glen Senior Housing

1661 Rivers Bnd, Wauwatosa, Wisconsin 53226

Cedar Glen Senior Aparrtments

1661 River's Bend Lane, Wauwatosa, Wisconsin 53226

The Courtyard

3030 N 124th St, Wauwatosa, Wisconsin 53222

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wauwatosa, Wisconsin
$22.16/hour
$14.91 (+206%) more than Wisconsin minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Wauwatosa, Wisconsin Affordable Housing ↓

What HUD offices serve Wauwatosa, 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 Wauwatosa, Wisconsin.

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

How many renters live in Wauwatosa, Wisconsin?

The City of Wauwatosa has 47,919 people living in 21,263 households.

There are 14,359 renters living in 8,097 renter households in this City. Renters make up 29.97 percent of the population living in Wauwatosa.

What is the rental market like in Wauwatosa, Wisconsin?

There are an estimated 22,786 housing units in the Wauwatosa area. Of these, 8,779 units are rental homes, making up 39 percent of the housing market. For every renter household in Wauwatosa, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Wauwatosa?

The rental vacancy rate in Wauwatosa is 7 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 Wauwatosa for each bedroom size?

Occupied Rental Units by Size in Wauwatosa
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
471 2,497 3,907 1,095 99
Occupied Rental Units by Size in Wauwatosa

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

Among renter households in this market, 43 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 Wauwatosa

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 Wauwatosa, Wisconsin

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

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 128 27 percent
One BR 1,042 42 percent
Two BR 1,566 40 percent
Rental Units Below FMR in Wauwatosa, Wisconsin

How many affordable rental units are in Wauwatosa?

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

Federal Program Unit Count
Low Income Housing Tax Credit 14
Section 8 Project-Based Rental Assistance 244
Section 811 Supportive Housing for Persons with Disabilities 5
Tracked Units by Federal Program in Wauwatosa, Wisconsin

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

Income Based Apartments in Wauwatosa, Wisconsin

Wauwatosa features 250 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 Wauwatosa, Wisconsin

There are 298 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wauwatosa.

Housing Choice Vouchers in Wauwatosa, Wisconsin

On average, Section 8 Housing Choice vouchers pay Wauwatosa landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Wauwatosa.

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

Sourced from federal housing data and AffordableHousingOnline.com research.