Low Income Apartments and Affordable Housing For Rent in Pontiac, IL

Discover affordable housing in Pontiac where there are 9+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Autumn Ridge I Edgefield Apartments

707-709 Illini Drive, Pontiac, Illinois 61764

Pontiac-A-Northpointe Apartments

1300 Trainor Rd, Pontiac, Illinois 61764

Pontiac Towers

1011 W Washington St, Pontiac, Illinois 61764

Prairie Horizons Apartments

1510 S Locust St, Pontiac, Illinois 61764

North Pointe Apartments

1200 Trainor, Pontiac, Illinois 61764

Livingston Apartments

920 W Madison St, Pontiac, Illinois 61764

Prairie Vista Apartments

703 N Illini Ave, Pontiac, Illinois 61764

Pontiac Regency Apartments

102 E Michigan Ave, Pontiac, Illinois 61764

Meadowview Court

1 Myers Dr, Pontiac, Illinois 61764

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pontiac, Illinois
$16.86/hour
$2.86 (+20%) more than Illinois minimum wage and $9.61 (+133%) more than the Federal minimum wage.
Learn More About Pontiac, Illinois Affordable Housing ↓

What HUD offices serve Pontiac, Illinois?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Pontiac, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Pontiac, Illinois.

Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Pontiac.

How many renters live in Pontiac, Illinois?

The City of Pontiac has 11,451 people living in 4,609 households.

There are 3,154 renters living in 1,777 renter households in this City. Renters make up 27.54 percent of the population living in Pontiac.

What is the rental market like in Pontiac, Illinois?

There are an estimated 4,931 housing units in the Pontiac area. Of these, 1,853 units are rental homes, making up 38 percent of the housing market. For every renter household in Pontiac, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Pontiac?

The rental vacancy rate in Pontiac is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Pontiac for each bedroom size?

Occupied Rental Units by Size in Pontiac
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 531 761 368 79
Occupied Rental Units by Size in Pontiac

A large number of apartments in Pontiac have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Pontiac are overburdened by housing costs?

Among renter households in this market, 39 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Pontiac

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $610 to $1,198. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $610
One BR $678
Two BR $890
Three BR $1,158
Four BR $1,198
2024 Fair Market Rents in Pontiac, Illinois

How many units are rented at Fair Market Rent (FMR) in Pontiac?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 11 42 percent
One BR 370 70 percent
Two BR 382 50 percent
Rental Units Below FMR in Pontiac, Illinois

How many affordable rental units are in Pontiac?

There are a variety of federal affordable housing programs serving households in Pontiac, Illinois including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 147
Public Housing 171
Section 8 Project-Based Rental Assistance 111
Section 811 Supportive Housing for Persons with Disabilities 16
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Pontiac, Illinois

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Pontiac, Illinois

Pontiac features 497 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Pontiac, Illinois

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pontiac.

Housing Choice Vouchers in Pontiac, Illinois

On average, Section 8 Housing Choice vouchers pay Pontiac landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pontiac.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pontiac, Illinois for a two-bedroom apartment is between $801 and $979.

Sourced from federal housing data and AffordableHousingOnline.com research.