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

Discover affordable housing in Hoyleton 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.

Hoyleton Park Apartments

158-172 N Main St, Hoyleton, Illinois 62803

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hoyleton, Illinois
$15.76/hour
$1.76 (+13%) more than Illinois minimum wage and $8.51 (+117%) more than the Federal minimum wage.
Learn More About Hoyleton, Illinois Affordable Housing ↓

How many renters live in Hoyleton, Illinois?

The City of Hoyleton has 473 people living in 156 households.

There are 49 renters living in 20 renter households in this City. Renters make up 10.36 percent of the population living in Hoyleton.

What is the rental market like in Hoyleton, Illinois?

There are an estimated 178 housing units in the Hoyleton area. Of these, 20 units are rental homes, making up 11 percent of the housing market. For every renter household in Hoyleton, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Hoyleton?

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

Occupied Rental Units by Size in Hoyleton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 2 16 2
Occupied Rental Units by Size in Hoyleton

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

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Hoyleton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $570 to $1,161. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $570
One BR $741
Two BR $832
Three BR $1,042
Four BR $1,161
2024 Fair Market Rents in Hoyleton, Illinois

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

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
Two BR 2 100 percent
Rental Units Below FMR in Hoyleton, Illinois

How many affordable rental units are in Hoyleton?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 6
Tracked Units by Federal Program in Hoyleton, Illinois

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

Income Based Apartments in Hoyleton, Illinois

Hoyleton features 6 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 Hoyleton, Illinois

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

Housing Choice Vouchers in Hoyleton, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hoyleton, Illinois for a two-bedroom apartment is between $749 and $915.

Sourced from federal housing data and AffordableHousingOnline.com research.