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

Discover affordable housing in Alhambra 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.

Arrowhead Apts

717 E. Main Street, Alhambra, Illinois

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alhambra, Illinois
$22.90/hour
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Alhambra, Illinois Affordable Housing ↓

What HUD offices serve Alhambra, 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), Public Housing, Family Self-Sufficiency programs for Alhambra, Illinois.

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

How many renters live in Alhambra, Illinois?

The City of Alhambra has 622 people living in 247 households.

There are 153 renters living in 80 renter households in this City. Renters make up 24.6 percent of the population living in Alhambra.

What is the rental market like in Alhambra, Illinois?

There are an estimated 270 housing units in the Alhambra area. Of these, 96 units are rental homes, making up 36 percent of the housing market. For every renter household in Alhambra, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Alhambra?

The rental vacancy rate in Alhambra is 17 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 Alhambra for each bedroom size?

Occupied Rental Units by Size in Alhambra
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 10 39 17 0
Occupied Rental Units by Size in Alhambra

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

Among renter households in this market, 55 percent have housing cost burden. Further, 23 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 Alhambra

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Alhambra, Illinois

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

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 14 100 percent
One BR 3 30 percent
Two BR 34 87 percent
Rental Units Below FMR in Alhambra, Illinois

How many affordable rental units are in Alhambra?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Alhambra, Illinois

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

Income Based Apartments in Alhambra, Illinois

Alhambra features 8 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 Alhambra, Illinois

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

Housing Choice Vouchers in Alhambra, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Alhambra, Illinois for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.