Low Income Apartments and Affordable Housing For Rent in Bond County, IL

Discover affordable housing in Bond County where there are 7+ 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.

Countryview Apartments

1805 S Elm St, Greenville, Illinois 62246

Forrest View VII Apartments

115 N 6th St, Mulberry Grove, Illinois 62262

Green Gables Apartments

Avonlea Drive, Greenville, Illinois 62246

Kingsbury Campus Apartments

1525 Crown Rd, Greenville, Illinois 62246

Almira Manor

220 Cedar St, Greenville, Illinois 62246

Greenwood Apts.

934 Beaumont Ave., Greenville, Illinois

Alex Long Talmage Defrees Apartments

306 S 1st St, Greenville, Illinois 62246

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bond County, Illinois
$2.91 (+21%) more than Illinois minimum wage and $9.66 (+133%) more than the Federal minimum wage.
Learn More About Bond County, Illinois Affordable Housing ↓

What HUD offices serve Bond County, 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), Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Bond County, Illinois.
Operates the Public Housing programs for Bond County, Illinois.

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

How many renters live in Bond County, Illinois?

The County of Bond County has 16,750 people living in 6,220 households.

There are 3,610 renters living in 1,742 renter households in this County. Renters make up 21.55 percent of the population living in Bond County.

What is the rental market like in Bond County, Illinois?

There are an estimated 6,895 housing units in the Bond County area. Of these, 1,844 units are rental homes, making up 27 percent of the housing market. For every renter household in Bond County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Bond County?

The rental vacancy rate in Bond County is 6 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 Bond County for each bedroom size?

Occupied Rental Units by Size in Bond County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
146 524 509 402 69
Occupied Rental Units by Size in Bond County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 22 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 Bond County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $605 to $1,342. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $605
One BR $794
Two BR $893
Three BR $1,163
Four BR $1,342
2024 Fair Market Rents in Bond County, Illinois

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

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 117 80 percent
One BR 297 57 percent
Two BR 346 68 percent
Rental Units Below FMR in Bond County, Illinois

How many affordable rental units are in Bond County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 42
Public Housing 154
Section 8 Project-Based Rental Assistance 39
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Bond County, Illinois

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

Income Based Apartments in Bond County, Illinois

Bond County features 282 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 Bond County, Illinois

There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bond County.

Housing Choice Vouchers in Bond County, Illinois

On average, Section 8 Housing Choice vouchers pay Bond County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Bond County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bond County, Illinois for a two-bedroom apartment is between $804 and $982.

Sourced from federal housing data and AffordableHousingOnline.com research.