About This Property
Waico Apts Phases I & II comprises 142 low-income units serving families and elderly residents in Milwaukee, Wisconsin. The property offers a mix of one-, two-, three-, and four-bedroom units, with 48 one-bedroom, 79 two-bedroom, 13 three-bedroom, and 2 four-bedroom apartments. The development was placed in service in 2003 and utilizes 4% Low-Income Housing Tax Credits and tax-exempt bond financing.
Waitlist Information
Waitlist managed by Housing Authority of the City of Milwaukee
Head of household must be 18+ and income must not exceed 80% of Milwaukee County's median income; selection is by application date and time, with most units being one-bedroom. Current applicants must update information by August 16, 2026, via myportal.hacm.org to remain active.
The HCV waiting list was previously open from December 15, 2021, through August 1, 2024, and a random lottery selected 5,000 applicants for placement on the waiting list. Placement on the waiting list does not guarantee future assistance.
Waitlist data provided by section8waitlist.org
Updated July 28, 2026
Property Details
Fair Market Rent - Milwaukee 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 | $845 |
| 1 Bedroom | $979 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,460 |
| 4 Bedroom | $1,592 |
Income Limits - Milwaukee County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,800
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,600
- Low (80%)
- $72,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,000
- Low (80%)
- $78,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,350
- Low (80%)
- $83,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,750
- Low (80%)
- $89,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,800 | $54,000 |
| 3 Persons | $22,800 | $38,000 | $60,750 |
| 4 Persons | $26,500 | $42,200 | $67,500 |
| 5 Persons | $31,040 | $45,600 | $72,900 |
| 6 Persons | $35,580 | $49,000 | $78,300 |
| 7 Persons | $40,120 | $52,350 | $83,700 |
| 8 Persons | $44,660 | $55,750 | $89,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milwaukee, WI?+
The Fair Market Rent (FMR) for Milwaukee County, WI is: $845 (Studio), $979 (1BR), $1170 (2BR), $1460 (3BR), $1592 (4BR). Actual rent at subsidized properties like Waico Apts Phases I & Ii is typically 30% of household income or less.
What size apartments are available at Waico Apts Phases I & Ii?+
Waico Apts Phases I & Ii offers the following unit types: 48 One-Bedroom, 79 Two-Bedroom, 13 Three-Bedroom, 2 Four-Bedroom units, for a total of 142 units.
Who is eligible to live at Waico Apts Phases I & Ii?+
Waico Apts Phases I & Ii primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Waico Apts Phases I & Ii?+
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.
How do I apply for housing at Waico Apts Phases I & Ii?+
Waico Apts Phases I & Ii 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.
Who manages Waico Apts Phases I & Ii?+
Waico Apts Phases I & Ii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Milwaukee County, WI?+
For a 4-person household in Milwaukee County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,200, Low Income (80% AMI): $67,500. These limits are set by HUD and updated annually.
What is the price range for apartments in Milwaukee, WI?+
Based on Fair Market Rent for Milwaukee County, the estimated price range is: 1-bedroom: $979, 2-bedroom: $1170, 3-bedroom: $1460. Actual rent at Waico Apts Phases I & Ii may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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