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

Discover affordable housing in Galesburg where there are 15+ 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.

Whiting Hall Apartments

19 E Tompkins St, Galesburg, Illinois 61401

Hollow Tree Apartments

1351 West Carl Sandburg Drive, Galesburg, Illinois 61401

River Oaks Trails

279 Michigan Ave, Galesburg, Illinois 61401

Sandburg Village Apartments

666 Home Blvd, Galesburg, Illinois 61401

Mary Allen West Towers Apartments

121 W Simmons Street, Galesburg, Illinois 61401

Hollow Tree II

1351 W Carl Sandburg Dr, Galesburg, Illinois 61401

Michigan Jefferson Housing

1191 Jefferson St, Galesburg, Illinois 61401

Willowway Apartments

1235 W Carl Sandburg Dr, Galesburg, Illinois 61401

Riverway Apartments

1974 Windish Dr, Galesburg, Illinois 61401

Prairieland Townhouses

301 Huston St, Galesburg, Illinois 61401

Galesburg Housing for the Elderly

1384 Henderson St, Galesburg, Illinois 61401

Galesburg Towers

1384 N Henderson St, Galesburg, Illinois 61401

Parkway Estates of Galesburg

1711 W Carl Sandburg Dr, Galesburg, Illinois 61401

Family Housing

572 Iowa Ave, Galesburg, Illinois 61401

Moon Towers

255 W Tompkins St, Galesburg, Illinois 61401

calendar_today Opened: Dec 1
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Galesburg, Illinois
$15.28/hour
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Galesburg, Illinois Affordable Housing ↓

What HUD offices serve Galesburg, 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 programs for Galesburg, Illinois.

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

How many renters live in Galesburg, Illinois?

The City of Galesburg has 29,923 people living in 12,610 households.

There are 10,014 renters living in 5,071 renter households in this City. Renters make up 33.47 percent of the population living in Galesburg.

What is the rental market like in Galesburg, Illinois?

There are an estimated 14,450 housing units in the Galesburg area. Of these, 5,423 units are rental homes, making up 38 percent of the housing market. For every renter household in Galesburg, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Galesburg?

The rental vacancy rate in Galesburg 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 Galesburg for each bedroom size?

Occupied Rental Units by Size in Galesburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
327 1,744 1,776 964 242
Occupied Rental Units by Size in Galesburg

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

Among renter households in this market, 54 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 Galesburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $596 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $596
One BR $614
Two BR $807
Three BR $1,055
Four BR $1,075
2024 Fair Market Rents in Galesburg, Illinois

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

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 136 42 percent
One BR 1,101 63 percent
Two BR 929 52 percent
Rental Units Below FMR in Galesburg, Illinois

How many affordable rental units are in Galesburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 671
Public Housing 373
Section 8 Project-Based Rental Assistance 476
Section 811 Supportive Housing for Persons with Disabilities 45
Tracked Units by Federal Program in Galesburg, Illinois

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

Income Based Apartments in Galesburg, Illinois

Galesburg features 944 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 Galesburg, Illinois

There are 401 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Galesburg.

Housing Choice Vouchers in Galesburg, Illinois

On average, Section 8 Housing Choice vouchers pay Galesburg landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Galesburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Galesburg, Illinois for a two-bedroom apartment is between $726 and $888.

Sourced from federal housing data and AffordableHousingOnline.com research.