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

Discover affordable housing in Galva where there are 3+ 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.

Galva B

1030 SW 2nd St, Galva, Illinois 61434

Galva B

1030 NW 7th Ave, Galva, Illinois 61434

Galva A

609 NW 7th St, Galva, Illinois 61434

calendar_today Opened: Sep 18
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 Galva, Illinois
$18.05/hour
$4.05 (+29%) more than Illinois minimum wage and $10.80 (+149%) more than the Federal minimum wage.
Learn More About Galva, Illinois Affordable Housing ↓

What HUD offices serve Galva, 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 Galva, Illinois.

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

How many renters live in Galva, Illinois?

The City of Galva has 2,473 people living in 1,057 households.

There are 466 renters living in 206 renter households in this City. Renters make up 18.84 percent of the population living in Galva.

What is the rental market like in Galva, Illinois?

There are an estimated 1,161 housing units in the Galva area. Of these, 206 units are rental homes, making up 18 percent of the housing market. For every renter household in Galva, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Galva?

The rental vacancy rate in Galva 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 Galva for each bedroom size?

Occupied Rental Units by Size in Galva
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
18 80 61 42 5
Occupied Rental Units by Size in Galva

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

Among renter households in this market, 52 percent have housing cost burden. Further, 25 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 Galva

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $646
One BR $773
Two BR $953
Three BR $1,247
Four BR $1,437
2024 Fair Market Rents in Galva, Illinois

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

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 16 89 percent
One BR 67 84 percent
Two BR 46 75 percent
Rental Units Below FMR in Galva, Illinois

How many affordable rental units are in Galva?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 45
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Galva, Illinois

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

Income Based Apartments in Galva, Illinois

Galva features 32 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 Galva, Illinois

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Galva.

Housing Choice Vouchers in Galva, Illinois

On average, Section 8 Housing Choice vouchers pay Galva landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Galva.

The maximum amount a voucher would pay on behalf of a low-income tenant in Galva, Illinois for a two-bedroom apartment is between $858 and $1,048.

Sourced from federal housing data and AffordableHousingOnline.com research.