About This Property
Lisbon Terrace contains 24 residential units in Milwaukee, Wisconsin, with a mix of 13 two-bedroom and 11 three-bedroom apartments. The property includes 5 low-income units and has been in service since 2011, operating under 9% Low-Income Housing Tax Credit financing. The property is managed by a local management company serving the Milwaukee community.
Waitlist Information
Waitlist managed by Housing Authority of the City of Milwaukee
Head of household must be 18 years or older; household income must not exceed 80% of Milwaukee County's median income; the majority of available units are one-bedroom apartments.
The waitlist for Tenant-Based Housing Choice Vouchers (Section 8 Rent Assistance) is currently closed with no announced future opening date. Applicants already on the waiting list should ensure their contact information is up to date.
Waitlist data provided by section8waitlist.org
Updated May 4, 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 Lisbon Terrace is typically 30% of household income or less.
What size apartments are available at Lisbon Terrace?+
Lisbon Terrace offers the following unit types: 13 Two-Bedroom, 11 Three-Bedroom units, for a total of 24 units.
Who manages Lisbon Terrace?+
Lisbon Terrace is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Lisbon Terrace?+
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.
What is the price range for apartments in Milwaukee, WI?+
Based on Fair Market Rent for Milwaukee County, the estimated price range is: 2-bedroom: $1170, 3-bedroom: $1460. Actual rent at Lisbon Terrace may be lower for income-eligible households.
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.
How do I apply for housing at Lisbon Terrace?+
Lisbon Terrace 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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