Low Income Apartments For Rent in Waunakee, WI

Rental assistance programs support 0 low-income homes in Waunakee where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $424 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 Waunakee, 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 Waunakee.

Waunakee, Wisconsin Affordable Housing Data

Income Based Apartments in Waunakee, Wisconsin

Waunakee features 0 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 Waunakee, Wisconsin

There are 173 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waunakee.

Housing Choice Vouchers in Waunakee, Wisconsin

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

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

2024 Waunakee, 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
Waunakee, Wisconsin Fair Market Rent	$1,004	$1,182	$1,372	$1,808	$1,986
Waunakee, 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.

Waunakee, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 4

Total Low Income Apartments 173

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 24.77%

Average Renter Household Size 2.13

Average Household Size 2.75

Median Household Income $90,581 ±$5,817

Median Rent $1,001 ±$73

Percentage Of Renters Overburdened 35.63% ± 9.48pp

Total Population 12,846

Total Affordable Apartment Properties	4
Total Low Income Apartments	173
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	24.77%
Average Renter Household Size	2.13
Average Household Size	2.75
Median Household Income	$90,581 ±$5,817
Median Rent	$1,001 ±$73
Percentage Of Renters Overburdened	35.63% ± 9.48pp
Total Population	12,846

Population and Household Demographics

Waunakee is a city in Dane County, Wisconsin with a population of 12,846. There are 4,634 households in the city with an average household size of 2.75 persons. 24.77% of households in Waunakee are renters.

Income and Rent Overburden in Waunakee

The median gross income for households in Waunakee is $90,581 a year, or $7,548 a month. The median rent for the city is $1,001 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waunakee, a household making less than $3,337 a month would be considered overburdened when renting an apartment at or above the median rent. 35.63% of households who rent are overburdened in Waunakee.

Area Median Income In Waunakee

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 Waunakee, the AMI is calculated from all households within Dane County.

In Waunakee, 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 Waunakee

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 Waunakee

	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 Waunakee 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 Waunakee 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 Waunakee 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