Low Income Apartments and Affordable Housing For Rent in Richland County, IL

Discover affordable housing in Richland County where there are 8+ 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.

Olney Country Place Apartments

1601 N Silver St., Olney, Illinois 62450

Olney Park Apartments

1002 Parker St, Olney, Illinois 62450

Richland Residences

209 Camp St, Olney, Illinois 62450

East Fork Apartments

1201 N East St, Olney, Illinois 62450

Olney

129 E Scott St, Olney, Illinois 62450

Fox River Apartments

1016 Parker St, Olney, Illinois 62450

Countryview Apartments

802 S Lincoln Ave, Olney, Illinois 62450

Countryview Apartments Hr - 485

935 E Lafayette St, Olney, Illinois 62450

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Richland County, 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 Richland County, Illinois Affordable Housing ↓

What HUD offices serve Richland County, 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 Richland County, Illinois.

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

How many renters live in Richland County, Illinois?

The County of Richland County has 15,716 people living in 6,485 households.

There are 3,643 renters living in 1,745 renter households in this County. Renters make up 23.18 percent of the population living in Richland County.

What is the rental market like in Richland County, Illinois?

There are an estimated 7,364 housing units in the Richland County area. Of these, 1,859 units are rental homes, making up 25 percent of the housing market. For every renter household in Richland County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Richland County?

The rental vacancy rate in Richland County is 6 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 Richland County for each bedroom size?

Occupied Rental Units by Size in Richland County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 315 753 588 77
Occupied Rental Units by Size in Richland County

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

Among renter households in this market, 29 percent have housing cost burden. Further, 14 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 Richland County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,332. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $719
Two BR $807
Three BR $1,034
Four BR $1,332
2024 Fair Market Rents in Richland County, Illinois

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

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 12 100 percent
One BR 220 70 percent
Two BR 401 53 percent
Rental Units Below FMR in Richland County, Illinois

How many affordable rental units are in Richland County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 70
Public Housing 75
Section 8 Project-Based Rental Assistance 66
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Richland County, Illinois

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

Income Based Apartments in Richland County, Illinois

Richland County features 222 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 Richland County, Illinois

There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland County.

Housing Choice Vouchers in Richland County, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.