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

Discover affordable housing in Shabbona where there are 1+ 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.

Sequoya Apartments

15 S Sequoya St, Shabbona, Illinois 60550

calendar_today Opened: Apr 18
Open Until Further Notice

Reported On April 19th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shabbona, Illinois
$25.13/hour
$11.13 (+80%) more than Illinois minimum wage and $17.88 (+247%) more than the Federal minimum wage.
Learn More About Shabbona, Illinois Affordable Housing ↓

What HUD offices serve Shabbona, 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 Shabbona, Illinois.

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

How many renters live in Shabbona, Illinois?

The City of Shabbona has 788 people living in 347 households.

There are 141 renters living in 95 renter households in this City. Renters make up 17.89 percent of the population living in Shabbona.

What is the rental market like in Shabbona, Illinois?

There are an estimated 399 housing units in the Shabbona area. Of these, 147 units are rental homes, making up 37 percent of the housing market. For every renter household in Shabbona, Illinois, there are 2 rental units.

What is the vacancy rate for rentals in Shabbona?

The rental vacancy rate in Shabbona is 25 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 Shabbona for each bedroom size?

Occupied Rental Units by Size in Shabbona
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 20 39 17 0
Occupied Rental Units by Size in Shabbona

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

Among renter households in this market, 57 percent have housing cost burden. Further, 31 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 Shabbona

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $899 to $2,252. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $899
One BR $1,014
Two BR $1,327
Three BR $1,870
Four BR $2,252
2024 Fair Market Rents in Shabbona, Illinois

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

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 5 26 percent
One BR 16 80 percent
Two BR 30 77 percent
Rental Units Below FMR in Shabbona, Illinois

How many affordable rental units are in Shabbona?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 12
Tracked Units by Federal Program in Shabbona, Illinois

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

Income Based Apartments in Shabbona, Illinois

Shabbona features 12 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 Shabbona, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shabbona.

Housing Choice Vouchers in Shabbona, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Shabbona, Illinois for a two-bedroom apartment is between $1,194 and $1,460.

Sourced from federal housing data and AffordableHousingOnline.com research.