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

Discover affordable housing in Savanna where there are 2+ 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.

Image of Pinnacle Place

Pinnacle Place

1125 N 5th St, Savanna, Illinois 61074

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
Image of Mest Manor

Mest Manor

525 3rd St, Savanna, Illinois 61074

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Savanna, Illinois

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Savanna, 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 Savanna, Illinois Affordable Housing ↓

What HUD offices serve Savanna, 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.

Carroll County Housing Authority
Operates the Public Housing programs for Savanna, Illinois.

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

How many renters live in Savanna, Illinois?

The City of Savanna has people living in households.

There are renters living in renter households in this City. Renters make up 49.69 percent of the population living in Savanna.

What is the rental market like in Savanna, Illinois?

There are an estimated housing units in the Savanna area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Savanna, Illinois, there are 1.13 rental units.

What is the vacancy rate for rentals in Savanna?

The rental vacancy rate in Savanna is 12 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 Savanna for each bedroom size?

Occupied Rental Units by Size in Savanna
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 184 150 161 95
Occupied Rental Units by Size in Savanna

A large number of apartments in Savanna have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Savanna

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 Savanna, Illinois

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

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
One BR 135 73 percent
Two BR 74 49 percent
Rental Units Below FMR in Savanna, Illinois

How many affordable rental units are in Savanna?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Tracked Units by Federal Program in Savanna, Illinois

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

Income Based Apartments in Savanna, Illinois

Savanna features 90 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 Savanna, Illinois

There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Savanna.

Housing Choice Vouchers in Savanna, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.