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

Discover affordable housing in Kewanee where there are 6+ 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.

Fairview Apartments

100 Fairview Junction, Kewanee, Illinois 61443

Parkside Apartments

125 N Chestnut St, Kewanee, Illinois 61443

Mckinley Apartments

800 W 6th St, Kewanee, Illinois 61443

Scattered Sites

700 E 2nd St, Kewanee, Illinois 61443

Knox Apartments

1126 W Mill St, Kewanee, Illinois 61443

Lake Village Apartments

1800 Lake St, Kewanee, Illinois 61443

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 Kewanee, 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 Kewanee, Illinois Affordable Housing ↓

What HUD offices serve Kewanee, 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 Kewanee, Illinois.

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

How many renters live in Kewanee, Illinois?

The City of Kewanee has 12,179 people living in 5,084 households.

There are 4,077 renters living in 1,615 renter households in this City. Renters make up 33.48 percent of the population living in Kewanee.

What is the rental market like in Kewanee, Illinois?

There are an estimated 5,798 housing units in the Kewanee area. Of these, 1,724 units are rental homes, making up 30 percent of the housing market. For every renter household in Kewanee, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Kewanee?

The rental vacancy rate in Kewanee is 4 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 Kewanee for each bedroom size?

Occupied Rental Units by Size in Kewanee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
105 288 494 559 121
Occupied Rental Units by Size in Kewanee

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

Among renter households in this market, 37 percent have housing cost burden. Further, 18 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 Kewanee

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 Kewanee, Illinois

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

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 34 32 percent
One BR 283 98 percent
Two BR 398 81 percent
Rental Units Below FMR in Kewanee, Illinois

How many affordable rental units are in Kewanee?

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

Federal Program Unit Count
Low Income Housing Tax Credit 91
Public Housing 343
Section 8 Project-Based Rental Assistance 2
Section 811 Supportive Housing for Persons with Disabilities 15
Tracked Units by Federal Program in Kewanee, Illinois

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

Income Based Apartments in Kewanee, Illinois

Kewanee features 463 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 Kewanee, Illinois

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kewanee.

Housing Choice Vouchers in Kewanee, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.