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

Discover affordable housing in Bondville 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.

Image of 209-211 S Walnut St Unit 209

209-211 S Walnut St Unit 209

209-211 S Walnut St, Bondville, Illinois 61815

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in Bondville, 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.
real_estate_agent Naturally Affordable
 Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bondville, Illinois
$19.87/hour
$5.87 (+42%) more than Illinois minimum wage and $12.62 (+174%) more than the Federal minimum wage.
Learn More About Bondville, Illinois Affordable Housing ↓

What HUD offices serve Bondville, 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.

Housing Authority of Champaign County
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Rental Assistance Demonstration (RAD), Homeownership programs for Bondville, Illinois.

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

How many renters live in Bondville, Illinois?

The City of Bondville has people living in households.

There are renters living in renter households in this City. Renters make up 30.9 percent of the population living in Bondville.

What is the rental market like in Bondville, Illinois?

There are an estimated housing units in the Bondville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bondville, Illinois, there are 1.23 rental units.

What is the vacancy rate for rentals in Bondville?

The rental vacancy rate in Bondville is 19 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 Bondville for each bedroom size?

Occupied Rental Units by Size in Bondville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 6 25 6 6
Occupied Rental Units by Size in Bondville

A large number of apartments in Bondville 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 Bondville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $880 to $1,397. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $880
One BR $885
Two BR $1,049
Three BR $1,372
Four BR $1,397
2024 Fair Market Rents in Bondville, Illinois

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

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 3 50 percent
Two BR 17 68 percent
Rental Units Below FMR in Bondville, Illinois

How many affordable rental units are in Bondville?

Income Based Apartments in Bondville, Illinois

Bondville features 0 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 Bondville, Illinois

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

Housing Choice Vouchers in Bondville, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bondville, Illinois for a two-bedroom apartment is between $944 and $1,154.

Sourced from federal housing data and AffordableHousingOnline.com research.