How many renters live in Saint Charles, Illinois?
The City of Saint Charles has 32,776 people living in 13,279 households.
There are 8,060 renters living in 3,872 renter households in this City. Renters make up 24.59 percent of the population living in Saint Charles.
What is the rental market like in Saint Charles, Illinois?
There are an estimated 14,014 housing units in the Saint Charles area. Of these, 4,031 units are rental homes, making up 29 percent of the housing market. For every renter household in Saint Charles, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Saint Charles?
The rental vacancy rate in Saint Charles 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 Saint Charles for each bedroom size?
Occupied Rental Units by Size in Saint Charles
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 106 | 1,197 | 1,967 | 479 | 113 |
Occupied Rental Units by Size in Saint Charles
A large number of apartments in Saint Charles 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 Saint Charles are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 27 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 Saint Charles
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Saint Charles, Illinois
How many units are rented at Fair Market Rent (FMR) in Saint Charles?
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 | 80 | 75 percent |
| One BR | 736 | 61 percent |
| Two BR | 521 | 26 percent |
Rental Units Below FMR in Saint Charles, Illinois
How many affordable rental units are in Saint Charles?
There are a variety of federal affordable housing programs serving households in Saint Charles, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 178 |
| Section 8 Project-Based Rental Assistance | 108 |
Tracked Units by Federal Program in Saint Charles, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Saint Charles, Illinois
Saint Charles features 108 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 Saint Charles, Illinois
There are 103 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saint Charles.
Housing Choice Vouchers in Saint Charles, Illinois
On average, Section 8 Housing Choice vouchers pay Saint Charles landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Saint Charles.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saint Charles, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
