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

Discover affordable housing in Erie 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

700 School St, Erie, Illinois 61250

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Erie, Illinois
$16.02/hour
$2.02 (+14%) more than Illinois minimum wage and $8.77 (+121%) more than the Federal minimum wage.
Learn More About Erie, Illinois Affordable Housing ↓

What HUD offices serve Erie, 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 programs for Erie, Illinois.
Operates the Public Housing programs for Erie, Illinois.

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

How many renters live in Erie, Illinois?

The City of Erie has 1,703 people living in 761 households.

There are 531 renters living in 227 renter households in this City. Renters make up 31.18 percent of the population living in Erie.

What is the rental market like in Erie, Illinois?

There are an estimated 797 housing units in the Erie area. Of these, 239 units are rental homes, making up 30 percent of the housing market. For every renter household in Erie, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Erie?

The rental vacancy rate in Erie is 5 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 Erie for each bedroom size?

Occupied Rental Units by Size in Erie
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 23 149 41 4
Occupied Rental Units by Size in Erie

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

Among renter households in this market, 19 percent have housing cost burden. Further, 2 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 Erie

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $589 to $1,127. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $589
One BR $644
Two BR $846
Three BR $1,033
Four BR $1,127
2024 Fair Market Rents in Erie, Illinois

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

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 39 percent
Two BR 43 29 percent
Rental Units Below FMR in Erie, Illinois

How many affordable rental units are in Erie?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Erie, Illinois

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

Income Based Apartments in Erie, Illinois

Erie features 28 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 Erie, Illinois

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

Housing Choice Vouchers in Erie, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Erie, Illinois for a two-bedroom apartment is between $761 and $931.

Sourced from federal housing data and AffordableHousingOnline.com research.