About This Property
Franklin School Apartments consists of 20 units in Rice Lake, Wisconsin, with 8 units designated for low-income households. The community, which began operations in 2016, includes a mix of one-bedroom, two-bedroom, and three-bedroom floor plans. The property is funded through the HOME program.
Waitlist Information
Waitlist managed by Rice Lake Housing Authority
The Rice Lake Housing Authority does not have a preference; qualified applicants are placed on the waiting list by the date and time the pre-application is received.
No current waiting list information found specifically for the Rice Lake Housing Authority's HCV program.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Barron County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $648 |
| 1 Bedroom | $718 |
| 2 Bedroom | $943 |
| 3 Bedroom | $1,178 |
| 4 Bedroom | $1,388 |
Income Limits - Barron County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,150
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,900
- Low (80%)
- $57,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,800
- Low (80%)
- $62,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,650
- Low (80%)
- $66,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,550
- Low (80%)
- $71,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,150 | $40,250 |
| 2 Persons | $17,420 | $28,750 | $46,000 |
| 3 Persons | $21,960 | $32,350 | $51,750 |
| 4 Persons | $26,500 | $35,900 | $57,450 |
| 5 Persons | $31,040 | $38,800 | $62,050 |
| 6 Persons | $35,580 | $41,650 | $66,650 |
| 7 Persons | $40,120 | $44,550 | $71,250 |
| 8 Persons | $44,660 | $47,400 | $75,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rice Lake, WI?+
The Fair Market Rent (FMR) for Barron County, WI is: $648 (Studio), $718 (1BR), $943 (2BR), $1178 (3BR), $1388 (4BR). Actual rent at subsidized properties like Franklin School Apartments is typically 30% of household income or less.
What size apartments are available at Franklin School Apartments?+
Franklin School Apartments offers the following unit types: 3 One-Bedroom, 9 Two-Bedroom, 8 Three-Bedroom units, for a total of 20 units.
What are the income limits for affordable housing in Barron County, WI?+
For a 4-person household in Barron County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Rice Lake, WI?+
Based on Fair Market Rent for Barron County, the estimated price range is: 1-bedroom: $718, 2-bedroom: $943, 3-bedroom: $1178. Actual rent at Franklin School Apartments may be lower for income-eligible households.
How do I apply for housing at Franklin School Apartments?+
Franklin School Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Franklin School Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Franklin School Apartments?+
Franklin School Apartments is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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