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

Discover affordable housing in Amboy where there are 3+ 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.

Amboy Meadows Apartments

121 West Wasson Rd, Amboy, Illinois 61310

Amboy Manor

1 N East Ave, Amboy, Illinois 61310

Amboy Manor Apartments

42 W Division St, Amboy, Illinois 61310

calendar_today Opened: Apr 13
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

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

What HUD offices serve Amboy, 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 Amboy, Illinois.

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

How many renters live in Amboy, Illinois?

The City of Amboy has 2,413 people living in 980 households.

There are 654 renters living in 276 renter households in this City. Renters make up 27.1 percent of the population living in Amboy.

What is the rental market like in Amboy, Illinois?

There are an estimated 1,066 housing units in the Amboy area. Of these, 323 units are rental homes, making up 30 percent of the housing market. For every renter household in Amboy, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Amboy?

The rental vacancy rate in Amboy is 15 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 Amboy for each bedroom size?

Occupied Rental Units by Size in Amboy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 49 115 45 9
Occupied Rental Units by Size in Amboy

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

Among renter households in this market, 33 percent have housing cost burden. Further, 9 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 Amboy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,188. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $710
Two BR $807
Three BR $1,137
Four BR $1,188
2024 Fair Market Rents in Amboy, Illinois

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

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 32 65 percent
Two BR 56 49 percent
Rental Units Below FMR in Amboy, Illinois

How many affordable rental units are in Amboy?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Public Housing 9
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Amboy, Illinois

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

Income Based Apartments in Amboy, Illinois

Amboy features 36 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 Amboy, Illinois

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

Housing Choice Vouchers in Amboy, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.