Low Income Apartments and Affordable Housing For Rent in Mount Carroll, IL

Discover affordable housing in Mount Carroll 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.

Mill Creek Village

102 E State St, Mount Carroll, Illinois 61053

Sinnissippi

1124 Healthcare Dr, Mount Carroll, Illinois 61053

Mount Carroll Apartments

375 Foster Ct, Mount Carroll, Illinois 60153

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mount Carroll, Illinois
$15.28/hour
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Mount Carroll, Illinois Affordable Housing ↓

What HUD offices serve Mount Carroll, 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 Public Housing programs for Mount Carroll, Illinois.

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

How many renters live in Mount Carroll, Illinois?

The City of Mount Carroll has 1,560 people living in 669 households.

There are 322 renters living in 173 renter households in this City. Renters make up 20.64 percent of the population living in Mount Carroll.

What is the rental market like in Mount Carroll, Illinois?

There are an estimated 778 housing units in the Mount Carroll area. Of these, 201 units are rental homes, making up 26 percent of the housing market. For every renter household in Mount Carroll, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Mount Carroll?

The rental vacancy rate in Mount Carroll is 14 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 Mount Carroll for each bedroom size?

Occupied Rental Units by Size in Mount Carroll
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 76 45 37 12
Occupied Rental Units by Size in Mount Carroll

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

Among renter households in this market, 34 percent have housing cost burden. Further, 21 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 Mount Carroll

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,238. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $650
Two BR $807
Three BR $1,002
Four BR $1,238
2024 Fair Market Rents in Mount Carroll, Illinois

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

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 1 33 percent
One BR 43 57 percent
Two BR 24 53 percent
Rental Units Below FMR in Mount Carroll, Illinois

How many affordable rental units are in Mount Carroll?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Section 811 Supportive Housing for Persons with Disabilities 8
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Mount Carroll, Illinois

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

Income Based Apartments in Mount Carroll, Illinois

Mount Carroll features 20 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 Mount Carroll, Illinois

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Carroll.

Housing Choice Vouchers in Mount Carroll, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Carroll, Illinois for a two-bedroom apartment is between $726 and $888.

Sourced from federal housing data and AffordableHousingOnline.com research.