About This Property
River Terrace Apts comprises 26 low-income units in Janesville, Wisconsin, with a mix of eight one-bedroom and eighteen two-bedroom apartments. The property has been in service since 1995 and is financed through 9% Low-Income Housing Tax Credits. Property management and contact information are available upon request.
Waitlist Information
Waitlist managed by Janesville Neighborhood Services
All waiting lists in Janesville are currently closed. No specific current information found for this program's waitlist details.
The waiting list prioritizes applicants who live or work in the City of Janesville, and also includes preferences for those displaced by government action, displaced by rental rehab, or who are homeless. When open, applications are selected through a random lottery, not based on submission time.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Janesville, 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 River Terrace Apts is typically 30% of household income or less.
What size apartments are available at River Terrace Apts?+
River Terrace Apts offers the following unit types: 8 One-Bedroom, 18 Two-Bedroom units, for a total of 26 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.
Who manages River Terrace Apts?+
River Terrace Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for River Terrace Apts?+
Public Housing waitlist is currently Closed. 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 River Terrace Apts?+
River Terrace 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.
What is the price range for apartments in Janesville, WI?+
Based on Fair Market Rent for Rock County, the estimated price range is: 1-bedroom: $841, 2-bedroom: $1105. Actual rent at River Terrace Apts may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near River Terrace Apts
Janesville School Apts
Janesville, WI
55 UnitsKellogg Avenue Apts
Janesville, WI
32 UnitsJanesville Regency House
Janesville, WI
55 UnitsLexington Court Apts
Janesville, WI
32 UnitsJeffris Flats
Janesville, WI
11 UnitsWall Street
Janesville, WI
32 Units