About This Property
Fairbanks Flats Apts offers 24 two-bedroom units designated as low-income housing in Beloit, Wisconsin. The property has been in service since 1988 and participates in the 9% Low-Income Housing Tax Credit program. All units serve residents with low-income households.
Waitlist Information
Waitlist managed by Beloit Housing Authority
The Beloit Housing Authority is taking applications for 1 and 2 bedroom elderly/handicapped/disabled and 2, 3, 4 and 5 bedroom family units in Low Income Public Housing. Applications must be submitted with all necessary documents and verifications.
The Section 8 (HCV) waiting list is open. Eligibility includes being at or below 80% of the county median income, elderly, or disabled, and living in the City of Beloit, Towns of Beloit or Turtle.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Rock 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 | $797 |
| 1 Bedroom | $841 |
| 2 Bedroom | $1,105 |
| 3 Bedroom | $1,461 |
| 4 Bedroom | $1,533 |
Income Limits - Rock County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Beloit, WI?+
The Fair Market Rent (FMR) for Rock County, WI is: $797 (Studio), $841 (1BR), $1105 (2BR), $1461 (3BR), $1533 (4BR). Actual rent at subsidized properties like Fairbanks Flats Apts is typically 30% of household income or less.
What size apartments are available at Fairbanks Flats Apts?+
Fairbanks Flats Apts offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Rock County, WI?+
For a 4-person household in Rock County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Beloit, WI?+
Based on Fair Market Rent for Rock County, the estimated price range is: 2-bedroom: $1105. Actual rent at Fairbanks Flats Apts may be lower for income-eligible households.
Who manages Fairbanks Flats Apts?+
Fairbanks Flats Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fairbanks Flats Apts?+
Fairbanks Flats Apts 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 Fairbanks Flats Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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