What HUD offices serve East Alton, 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.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near East Alton.
How many renters live in East Alton, Illinois?
The City of East Alton has 5,782 people living in 2,739 households.
There are 1,891 renters living in 932 renter households in this City. Renters make up 32.7 percent of the population living in East Alton.
What is the rental market like in East Alton, Illinois?
There are an estimated 3,191 housing units in the East Alton area. Of these, 1,022 units are rental homes, making up 32 percent of the housing market. For every renter household in East Alton, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in East Alton?
The rental vacancy rate in East Alton is 9 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 East Alton for each bedroom size?
Occupied Rental Units by Size in East Alton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 39 | 183 | 391 | 220 | 0 |
Occupied Rental Units by Size in East Alton
A large number of apartments in East Alton 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 East Alton are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 20 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 East Alton
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 East Alton, Illinois
How many units are rented at Fair Market Rent (FMR) in East Alton?
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 | 39 | 100 percent |
| One BR | 161 | 88 percent |
| Two BR | 304 | 78 percent |
Rental Units Below FMR in East Alton, Illinois
How many affordable rental units are in East Alton?
There are a variety of federal affordable housing programs serving households in East Alton, Illinois including the following:
| Federal Program | Unit Count |
| Public Housing | 58 |
| Section 8 Project-Based Rental Assistance | 120 |
Tracked Units by Federal Program in East Alton, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in East Alton, Illinois
East Alton features 181 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 East Alton, Illinois
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Alton.
Housing Choice Vouchers in East Alton, Illinois
On average, Section 8 Housing Choice vouchers pay East Alton landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in East Alton.
The maximum amount a voucher would pay on behalf of a low-income tenant in East Alton, Illinois for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.
