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

Discover affordable housing in Godfrey where there are 6+ 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.

Northwood Apartments

323 Big Arch Rd, Godfrey, Illinois 62035

United Methodist Village

Asbury and Mckendree Dr, Godfrey, Illinois 62035

Umv Affordable Housing

4600 McKendree Dr, Godfrey, Illinois 62035

Preis Lane Apartments

1226 Preis Ln, Godfrey, Illinois 62035

Dadrian Meadows Apartments

1230 Preis Ln, Godfrey, Illinois 62035

Dadrian Meadows Apartments II

1233 Surrey Ct, Godfrey, Illinois 62035

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Godfrey, 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 Godfrey, Illinois Affordable Housing ↓

What HUD offices serve Godfrey, 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 Godfrey, Illinois.

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

How many renters live in Godfrey, Illinois?

The City of Godfrey has 17,791 people living in 7,536 households.

There are 3,023 renters living in 1,284 renter households in this City. Renters make up 16.99 percent of the population living in Godfrey.

What is the rental market like in Godfrey, Illinois?

There are an estimated 7,998 housing units in the Godfrey area. Of these, 1,309 units are rental homes, making up 16 percent of the housing market. For every renter household in Godfrey, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Godfrey?

The rental vacancy rate in Godfrey is 2 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 Godfrey for each bedroom size?

Occupied Rental Units by Size in Godfrey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 161 769 354 0
Occupied Rental Units by Size in Godfrey

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

Among renter households in this market, 38 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 Godfrey

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 Godfrey, Illinois

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

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
One BR 115 71 percent
Two BR 388 50 percent
Rental Units Below FMR in Godfrey, Illinois

How many affordable rental units are in Godfrey?

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

Federal Program Unit Count
Low Income Housing Tax Credit 99
Section 8 Project-Based Rental Assistance 2
Tracked Units by Federal Program in Godfrey, Illinois

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

Income Based Apartments in Godfrey, Illinois

Godfrey features 100 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 Godfrey, Illinois

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Godfrey.

Housing Choice Vouchers in Godfrey, Illinois

On average, Section 8 Housing Choice vouchers pay Godfrey landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Godfrey.

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

Sourced from federal housing data and AffordableHousingOnline.com research.