Low Income Apartments and Affordable Housing For Rent in South Pekin, IL

Discover affordable housing in South Pekin 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.

Meadowview Apartments

803 Allen St, South Pekin, Illinois 61564

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In South Pekin, Illinois
$18.28/hour
$4.28 (+31%) more than Illinois minimum wage and $11.03 (+152%) more than the Federal minimum wage.
Learn More About South Pekin, Illinois Affordable Housing ↓

What HUD offices serve South Pekin, 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) programs for South Pekin, Illinois.

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

How many renters live in South Pekin, Illinois?

The City of South Pekin has 1,003 people living in 351 households.

There are 243 renters living in 72 renter households in this City. Renters make up 24.23 percent of the population living in South Pekin.

What is the rental market like in South Pekin, Illinois?

There are an estimated 368 housing units in the South Pekin area. Of these, 72 units are rental homes, making up 20 percent of the housing market. For every renter household in South Pekin, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in South Pekin?

The rental vacancy rate in South Pekin is 0 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 South Pekin for each bedroom size?

Occupied Rental Units by Size in South Pekin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 35 29 0
Occupied Rental Units by Size in South Pekin

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

Among renter households in this market, 38 percent have housing cost burden. Further, 28 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 South Pekin

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,293. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $756
Two BR $965
Three BR $1,258
Four BR $1,293
2024 Fair Market Rents in South Pekin, Illinois

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

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 5 63 percent
Two BR 30 86 percent
Rental Units Below FMR in South Pekin, Illinois

How many affordable rental units are in South Pekin?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in South Pekin, Illinois

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

Income Based Apartments in South Pekin, Illinois

South Pekin 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 South Pekin, Illinois

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

Housing Choice Vouchers in South Pekin, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in South Pekin, Illinois for a two-bedroom apartment is between $869 and $1,062.

Sourced from federal housing data and AffordableHousingOnline.com research.