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

Discover affordable housing in Virginia 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.

Cass County Homes

651 South Morgan Street, Virginia, Illinois 62691

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Virginia, Illinois
$15.28/hour
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Virginia, Illinois Affordable Housing ↓

What HUD offices serve Virginia, 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 Virginia, Illinois.

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

How many renters live in Virginia, Illinois?

The City of Virginia has 1,490 people living in 614 households.

There are 434 renters living in 203 renter households in this City. Renters make up 29.13 percent of the population living in Virginia.

What is the rental market like in Virginia, Illinois?

There are an estimated 663 housing units in the Virginia area. Of these, 203 units are rental homes, making up 31 percent of the housing market. For every renter household in Virginia, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Virginia?

The rental vacancy rate in Virginia is 0 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 Virginia for each bedroom size?

Occupied Rental Units by Size in Virginia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 138 31 2
Occupied Rental Units by Size in Virginia

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

Among renter households in this market, 37 percent have housing cost burden. Further, 26 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 Virginia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,315. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $633
Two BR $807
Three BR $1,088
Four BR $1,315
2024 Fair Market Rents in Virginia, Illinois

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

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 11 34 percent
Two BR 131 95 percent
Rental Units Below FMR in Virginia, Illinois

How many affordable rental units are in Virginia?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Tracked Units by Federal Program in Virginia, Illinois

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

Income Based Apartments in Virginia, Illinois

Virginia features 0 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 Virginia, Illinois

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Virginia.

Housing Choice Vouchers in Virginia, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Virginia, Illinois for a two-bedroom apartment is between $726 and $888.

Sourced from federal housing data and AffordableHousingOnline.com research.