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

What HUD offices serve Decatur, 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.

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

How many renters live in Decatur, Illinois?

The City of Decatur has 70,396 people living in 31,106 households.

There are 18,945 renters living in 10,197 renter households in this City. Renters make up 26.91 percent of the population living in Decatur.

What is the rental market like in Decatur, Illinois?

There are an estimated 35,849 housing units in the Decatur area. Of these, 13,586 units are rental homes, making up 38 percent of the housing market. For every renter household in Decatur, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Decatur?

The rental vacancy rate in Decatur is 11 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 Decatur for each bedroom size?

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

Among renter households in this market, 35 percent have housing cost burden. Further, 15 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 Decatur

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $686 to $1,395. FMRs are updated annually by HUD for every city and county nationwide.

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

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:

How many affordable rental units are in Decatur?

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

Income Based Apartments in Decatur, Illinois

Decatur features 1,487 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 Decatur, Illinois

There are 725 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Decatur.

Housing Choice Vouchers in Decatur, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Decatur, Illinois for a two-bedroom apartment is between $849 and $1,037.

Sourced from federal housing data and AffordableHousingOnline.com research.