Low Income Apartments For Rent in Stevens Point, WI

Rental assistance programs support 454 low-income homes in Stevens Point where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $341 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving 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.

Housing Authority	Programs
Stevens Point Housing Authority	Public Housing
Portage County Housing Authority	Section 8 Housing Choice Voucher (HCV)

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

Stevens Point, Wisconsin Affordable Housing Data

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.

2024 Stevens Point, 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
Stevens Point, Wisconsin Fair Market Rent	$662	$762	$977	$1,224	$1,335
Stevens Point, Wisconsin Payment Standard Range	$596 to $728	$686 to $838	$879 to $1,075	$1,102 to $1,346	$1,202 to $1,469

Sourced from federal housing data and AffordableHousingOnline.com research.

Stevens Point, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 19

Total Low Income Apartments 648

Total Housing Units with Rental Assistance 454

Percentage of Housing Units Occupied By Renters 49.72%

Average Renter Household Size 2.15

Average Household Size 2.28

Median Household Income $41,312 ±$3,275

Median Rent $655 ±$25

Percentage Of Renters Overburdened 52.61% ± 4.93pp

Total Population 26,769

Total Affordable Apartment Properties	19
Total Low Income Apartments	648
Total Housing Units with Rental Assistance	454
Percentage of Housing Units Occupied By Renters	49.72%
Average Renter Household Size	2.15
Average Household Size	2.28
Median Household Income	$41,312 ±$3,275
Median Rent	$655 ±$25
Percentage Of Renters Overburdened	52.61% ± 4.93pp
Total Population	26,769

Population and Household Demographics

Stevens Point is a city in Portage County, Wisconsin with a population of 26,769. There are 10,295 households in the city with an average household size of 2.28 persons. 49.72% of households in Stevens Point are renters.

Income and Rent Overburden in Stevens Point

The median gross income for households in Stevens Point is $41,312 a year, or $3,443 a month. The median rent for the city is $655 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stevens Point, a household making less than $2,183 a month would be considered overburdened when renting an apartment at or above the median rent. 52.61% of households who rent are overburdened in Stevens Point.

Area Median Income In Stevens Point

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 Stevens Point, the AMI is calculated from all households within Portage County.

In Stevens Point, HUD calculates the Area Median Income for a family of four as $91,900

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 Stevens Point

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 Stevens Point

	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 Stevens Point AMI may qualify for rental assistance programs that target Extremely Low Income households.	$19,300	$22,050	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Stevens Point AMI may qualify for rental assistance programs that target Very Low Income households.	$32,200	$36,800	$41,400	$45,950	$49,650	$53,350	$57,000	$60,700
80% AMI Income Limits Renters earning up to 80% of the Stevens Point AMI may qualify for rental assistance programs that target Low Income households.	$51,450	$58,800	$66,150	$73,500	$79,400	$85,300	$91,150	$97,050