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

Discover affordable housing in Edwardsville where there are 2+ 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.

Edwardsville Senior Living

637 Hillsboro Avenue, Edwardsville, Illinois 62025

May Building

1701 Bryant Ave, Edwardsville, Illinois 62025

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Edwardsville, Illinois
$22.90/hour
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Edwardsville, Illinois Affordable Housing ↓

What HUD offices serve Edwardsville, 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, Family Self-Sufficiency programs for Edwardsville, Illinois.

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

How many renters live in Edwardsville, Illinois?

The City of Edwardsville has 26,622 people living in 9,359 households.

There are 7,419 renters living in 3,188 renter households in this City. Renters make up 27.87 percent of the population living in Edwardsville.

What is the rental market like in Edwardsville, Illinois?

There are an estimated 10,096 housing units in the Edwardsville area. Of these, 3,564 units are rental homes, making up 35 percent of the housing market. For every renter household in Edwardsville, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Edwardsville?

The rental vacancy rate in Edwardsville is 5 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 Edwardsville for each bedroom size?

Occupied Rental Units by Size in Edwardsville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
54 579 1,526 670 330
Occupied Rental Units by Size in Edwardsville

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

Among renter households in this market, 49 percent have housing cost burden. Further, 30 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 Edwardsville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Edwardsville, Illinois

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

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 38 70 percent
One BR 407 70 percent
Two BR 744 49 percent
Rental Units Below FMR in Edwardsville, Illinois

How many affordable rental units are in Edwardsville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 70
Public Housing 10
Section 8 Project-Based Rental Assistance 46
Tracked Units by Federal Program in Edwardsville, Illinois

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

Income Based Apartments in Edwardsville, Illinois

Edwardsville features 3 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 Edwardsville, Illinois

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

Housing Choice Vouchers in Edwardsville, Illinois

On average, Section 8 Housing Choice vouchers pay Edwardsville landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Edwardsville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Edwardsville, Illinois for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.