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

Discover affordable housing in Seneca where there are 1+ 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.

Village Apartments

231 S Main St, Seneca, Illinois 61360

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Seneca, Illinois
$28.22/hour
$14.22 (+102%) more than Illinois minimum wage and $20.97 (+289%) more than the Federal minimum wage.
Learn More About Seneca, Illinois Affordable Housing ↓

What HUD offices serve Seneca, 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 Public Housing programs for Seneca, Illinois.

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

How many renters live in Seneca, Illinois?

The City of Seneca has 2,565 people living in 947 households.

There are 521 renters living in 188 renter households in this City. Renters make up 20.31 percent of the population living in Seneca.

What is the rental market like in Seneca, Illinois?

There are an estimated 1,002 housing units in the Seneca area. Of these, 202 units are rental homes, making up 20 percent of the housing market. For every renter household in Seneca, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Seneca?

The rental vacancy rate in Seneca is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Seneca
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 92 64 9
Occupied Rental Units by Size in Seneca

A large number of apartments in Seneca 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 Seneca are overburdened by housing costs?

Among renter households in this market, 17 percent have housing cost burden. Further, 14 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 Seneca

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,025 to $1,984. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,025
One BR $1,134
Two BR $1,490
Three BR $1,947
Four BR $1,984
2024 Fair Market Rents in Seneca, Illinois

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

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
One BR 9 100 percent
Two BR 92 100 percent
Rental Units Below FMR in Seneca, Illinois

How many affordable rental units are in Seneca?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 12
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Seneca, Illinois

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

Income Based Apartments in Seneca, Illinois

Seneca features 16 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 Seneca, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Seneca.

Housing Choice Vouchers in Seneca, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Seneca, Illinois for a two-bedroom apartment is between $1,341 and $1,639.

Sourced from federal housing data and AffordableHousingOnline.com research.