Affordable Housing In Charleston
Coles County, Illinois

10 Low Income Apartment Communities In Charleston

Charleston I Charleston

1407 Monroe Ave
Charleston, IL
Call For Rent
1-2 BR
Subsidized

Charleston II Charleston

2100 E Madison Ave
Charleston, IL
Call For Rent
1-2 BR
Subsidized

Colonial Gardens Greenview Manor Apartments

623 W Grant Ave
Charleston, IL
Subsidized

Lincolnshire Apartments

1840 Douglas St
Charleston, IL

Cougill Apartments

500 W Polk Ave
Charleston, IL
Subsidized

Drehkh Properties

300 Taylor Ave
Charleston, IL

Village Apartments of Charleston

Route Edgar Dr
Charleston, IL
HCV Welcome

Greenview Apartments

1540 18th St
Charleston, IL
Subsidized

Country View Estates Hr - 239

2350 Madison Ave
Charleston, IL
HCV Welcome

Penny Lane

523 W Grant Ave
Charleston, IL
Subsidized
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Housing Authorities that serve Charleston

Housing Authority Programs
Housing Authority County of Coles Public Housing

Guide To Affordable Housing in Charleston, Illinois

There are 10 low income housing apartment communities offering 520 affordable apartments for rent in Charleston, Illinois. Charleston features 364 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 156 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Charleston.

Sourced from federal housing data and AffordableHousingOnline.com research.

Charleston, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 520
Total Housing Units with Rental Assistance 364
Percentage of Housing Units Occupied By Renters 54.94%
Average Renter Household Size 2.13
Average Household Size 2.26
Median Household Income $28,473 ±$3,155
Median Rent $642 ±$25
Percentage Of Renters Overburdened 58.79% ± 5.86pp
Total Population 21,552

Population and Household Demographics

Charleston is a City in Coles County, Illinois with a population of 21,552. There are 7,845 households in the city with an average household size of 2.26 persons. 54.94% of households in Charleston are renters.

Income and Rent Overburden in Charleston

The median gross income for households in Charleston is $28,473 a year, or $2,373 a month. The median rent for the city is $642 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Charleston, a household making less than $2,140 a month would be considered overburdened when renting an apartment at or above the median rent. 58.79% of households who rent are overburdened in Charleston.1

Area Median Income In Charleston

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Charleston, the AMI is calculated from all households within Coles County.

In Charleston, HUD calculates the Area Median Income for a family of four as $59,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Charleston

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Charleston HUD Rental Assistance in Charleston

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
80% of Median $37,150 $42,450 $47,750 $53,050 $57,300 $61,550 $65,800 $70,050
Low Income Housing Tax Credits in Charleston

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1998 to 2002, 3 low income apartment communities containing 247 rental apartments have been constructed and made affordable to low income persons in Charleston by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Charleston

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
60% of Median $27,900 $31,860 $35,820 $39,780 $43,020 $46,200 $49,380 $52,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Charleston is $35,820 a year, or $2,985 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,985 by 30% to get a maximum rent of $896 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $581 $623 $746 $863 $963 $1,062
60% $698 $747 $896 $1,035 $1,155 $1,274
Fair Market Rents in Charleston

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$500 $570 $741 $1,012 $1,075