Low Income Apartments For Rent in Shorewood, WI

Rental assistance programs support 430 low-income homes in Shorewood where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving 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.

Housing Authority	Programs
Milwaukee County Housing Division	Section 8 Housing Choice Voucher (HCV)

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

Shorewood, Wisconsin Affordable Housing Data

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.

2024 Shorewood, 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
Shorewood, Wisconsin Fair Market Rent	$845	$979	$1,170	$1,460	$1,592
Shorewood, Wisconsin Payment Standard Range	$761 to $930	$881 to $1,077	$1,053 to $1,287	$1,314 to $1,606	$1,433 to $1,751

Sourced from federal housing data and AffordableHousingOnline.com research.

Shorewood, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 430

Total Housing Units with Rental Assistance 430

Percentage of Housing Units Occupied By Renters 51.65%

Average Renter Household Size 1.88

Average Household Size 2.17

Median Household Income $64,488 ±$3,740

Median Rent $908 ±$33

Percentage Of Renters Overburdened 33.74% ± 5pp

Total Population 13,284

Total Affordable Apartment Properties	2
Total Low Income Apartments	430
Total Housing Units with Rental Assistance	430
Percentage of Housing Units Occupied By Renters	51.65%
Average Renter Household Size	1.88
Average Household Size	2.17
Median Household Income	$64,488 ±$3,740
Median Rent	$908 ±$33
Percentage Of Renters Overburdened	33.74% ± 5pp
Total Population	13,284

Population and Household Demographics

Shorewood is a city in Milwaukee County, Wisconsin with a population of 13,284. There are 6,122 households in the city with an average household size of 2.17 persons. 51.65% of households in Shorewood are renters.

Income and Rent Overburden in Shorewood

The median gross income for households in Shorewood is $64,488 a year, or $5,374 a month. The median rent for the city is $908 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shorewood, a household making less than $3,027 a month would be considered overburdened when renting an apartment at or above the median rent. 33.74% of households who rent are overburdened in Shorewood.

Area Median Income In Shorewood

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 Shorewood, the AMI is calculated from all households within Milwaukee County.

In Shorewood, HUD calculates the Area Median Income for a family of four as $100,600

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 Shorewood

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 Shorewood

	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 Shorewood AMI may qualify for rental assistance programs that target Extremely Low Income households.	$21,000	$24,000	$27,000	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Shorewood AMI may qualify for rental assistance programs that target Very Low Income households.	$35,000	$40,000	$45,000	$49,950	$53,950	$57,950	$61,950	$65,950
80% AMI Income Limits Renters earning up to 80% of the Shorewood AMI may qualify for rental assistance programs that target Low Income households.	$55,950	$63,950	$71,950	$79,900	$86,300	$92,700	$99,100	$105,500