Low Income Apartments For Rent in McFarland, WI

Rental assistance programs support 56 low-income homes in McFarland where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $421 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving McFarland, 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.

Housing Authority	Programs
Dane County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency

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

McFarland, Wisconsin Affordable Housing Data

Income Based Apartments in McFarland, Wisconsin

McFarland features 56 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 McFarland, Wisconsin

There are 112 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McFarland.

Housing Choice Vouchers in McFarland, Wisconsin

On average, Section 8 Housing Choice vouchers pay McFarland landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in McFarland.

The maximum amount a voucher would pay on behalf of a low-income tenant in McFarland, Wisconsin for a two-bedroom apartment is between $1,235 and $1,509.

2024 McFarland, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
McFarland, Wisconsin Fair Market Rent	$1,004	$1,182	$1,372	$1,808	$1,986
McFarland, Wisconsin Payment Standard Range	$904 to $1,104	$1,064 to $1,300	$1,235 to $1,509	$1,627 to $1,989	$1,787 to $2,185

Sourced from federal housing data and AffordableHousingOnline.com research.

McFarland, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 4

Total Low Income Apartments 168

Total Housing Units with Rental Assistance 56

Percentage of Housing Units Occupied By Renters 24.15%

Average Renter Household Size 1.86

Average Household Size 2.45

Median Household Income $67,961 ±$8,727

Median Rent $960 ±$111

Percentage Of Renters Overburdened 47.68% ± 17.71pp

Total Population 8,092

Total Affordable Apartment Properties	4
Total Low Income Apartments	168
Total Housing Units with Rental Assistance	56
Percentage of Housing Units Occupied By Renters	24.15%
Average Renter Household Size	1.86
Average Household Size	2.45
Median Household Income	$67,961 ±$8,727
Median Rent	$960 ±$111
Percentage Of Renters Overburdened	47.68% ± 17.71pp
Total Population	8,092

Population and Household Demographics

McFarland is a city in Dane County, Wisconsin with a population of 8,092. There are 3,308 households in the city with an average household size of 2.45 persons. 24.15% of households in McFarland are renters.

Income and Rent Overburden in McFarland

The median gross income for households in McFarland is $67,961 a year, or $5,663 a month. The median rent for the city is $960 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McFarland, a household making less than $3,200 a month would be considered overburdened when renting an apartment at or above the median rent. 47.68% of households who rent are overburdened in McFarland.

Area Median Income In McFarland

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For McFarland, the AMI is calculated from all households within Dane County.

In McFarland, HUD calculates the Area Median Income for a family of four as $123,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in McFarland

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in McFarland

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the McFarland AMI may qualify for rental assistance programs that target Extremely Low Income households.	$25,700	$29,350	$33,000	$36,650	$39,600	$42,550	$45,450	$50,560
50% AMI Income Limits Renters earning up to 50% of the McFarland AMI may qualify for rental assistance programs that target Very Low Income households.	$42,750	$48,850	$54,950	$61,050	$65,950	$70,850	$75,750	$80,600
80% AMI Income Limits Renters earning up to 80% of the McFarland AMI may qualify for rental assistance programs that target Low Income households.	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950