About This Property
River Falls Terrace offers 32 apartments in River Falls, Wisconsin, including 26 two-bedroom and 6 three-bedroom units. Four units serve low-income households, and the property has been in service since 2018 with financing through 9% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Waitlist Information
Waitlist managed by River Falls Housing Authority
Eligibility for housing includes senior citizens, persons with disabilities, and families with gross annual income below HUD limits; applications are accepted continuously and are placed on a waiting list by date and time received.
The Section 8 Housing Choice Voucher waiting list is currently closed with no announced reopening date, and historically accepted applications from families with children, individuals with disabilities, or persons age 62 or older.
Waitlist data provided by section8waitlist.org
Updated June 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Pierce 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 | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Pierce County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in River Falls, WI?+
The Fair Market Rent (FMR) for Pierce County, WI is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like River Falls Terrace is typically 30% of household income or less.
What size apartments are available at River Falls Terrace?+
River Falls Terrace offers the following unit types: 26 Two-Bedroom, 6 Three-Bedroom units, for a total of 32 units.
What are the income limits for affordable housing in Pierce County, WI?+
For a 4-person household in Pierce County, WI, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages River Falls Terrace?+
River Falls Terrace is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for River Falls 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 River Falls, WI?+
Based on Fair Market Rent for Pierce County, the estimated price range is: 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at River Falls Terrace may be lower for income-eligible households.
How do I apply for housing at River Falls Terrace?+
River Falls 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.
What is the HUD inspection score for River Falls Terrace?+
River Falls Terrace has a HUD inspection score of 84 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near River Falls Terrace
Timber Ridge Apts
River Falls, WI
42 UnitsWindmill Place
River Falls, WI
24 UnitsRiver Glen Apts
River Falls, WI
32 Units
Riverview Manor
River Falls, WI
2 UnitsHeritage Cottages Phase Ii
Hudson, WI
22 Units
River Falls Housing Authority
River Falls, WI
150 Units