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

Discover affordable housing in Geneseo where there are 4+ 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.

Geneseo Townhomes

590 Olivia Dr., Geneseo, Illinois 61254

bed 2-3

Geneseo Commons Senior Living

600 Olivia Dr., Geneseo, Illinois 61254

bed 1-2
payment $379-845/mo.
switch_access_shortcut Short Wait
accessibility Accessible

502 S Congress St Unit 1

502 S Congress St Unit 1, Geneseo, Illinois 61254

bed 1
payment $725/mo.

Countryside Apartments

703 Ash Dr, Geneseo, Illinois 61254

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Geneseo, 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.
calendar_today Opened: Sep 18
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Geneseo, Illinois
$18.05/hour
$4.05 (+29%) more than Illinois minimum wage and $10.80 (+149%) more than the Federal minimum wage.
Learn More About Geneseo, Illinois Affordable Housing ↓

What HUD offices serve Geneseo, 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 Geneseo, Illinois.

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

How many renters live in Geneseo, Illinois?

The City of Geneseo has people living in households.

There are renters living in renter households in this City. Renters make up 22.32 percent of the population living in Geneseo.

What is the rental market like in Geneseo, Illinois?

There are an estimated housing units in the Geneseo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Geneseo, Illinois, there are 1.07 rental units.

What is the vacancy rate for rentals in Geneseo?

The rental vacancy rate in Geneseo is 0 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 Geneseo for each bedroom size?

Occupied Rental Units by Size in Geneseo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
27 204 307 271 38
Occupied Rental Units by Size in Geneseo

A large number of apartments in Geneseo 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 Geneseo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $646
One BR $773
Two BR $953
Three BR $1,247
Four BR $1,437
2024 Fair Market Rents in Geneseo, Illinois

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

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 0 100 percent
One BR 101 50 percent
Two BR 222 72 percent
Rental Units Below FMR in Geneseo, Illinois

How many affordable rental units are in Geneseo?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Geneseo, Illinois

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

Income Based Apartments in Geneseo, Illinois

Geneseo features 16 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 Geneseo, Illinois

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

Housing Choice Vouchers in Geneseo, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Geneseo, Illinois for a two-bedroom apartment is between $858 and $1,048.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening