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

Discover affordable housing in Hamilton where there are 1+ 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.

Hamilton Senior Apt

1560 Walnut St., Hamilton, Illinois

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

What HUD offices serve Hamilton, 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 Public Housing programs for Hamilton, Illinois.

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

How many renters live in Hamilton, Illinois?

The City of Hamilton has 2,743 people living in 1,122 households.

There are 664 renters living in 331 renter households in this City. Renters make up 24.21 percent of the population living in Hamilton.

What is the rental market like in Hamilton, Illinois?

There are an estimated 1,270 housing units in the Hamilton area. Of these, 331 units are rental homes, making up 26 percent of the housing market. For every renter household in Hamilton, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Hamilton?

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

Occupied Rental Units by Size in Hamilton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 68 186 38 22
Occupied Rental Units by Size in Hamilton

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

Among renter households in this market, 55 percent have housing cost burden. Further, 9 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 Hamilton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,145. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $680
Two BR $807
Three BR $1,043
Four BR $1,145
2024 Fair Market Rents in Hamilton, Illinois

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

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 37 54 percent
Two BR 77 41 percent
Rental Units Below FMR in Hamilton, Illinois

How many affordable rental units are in Hamilton?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Hamilton, Illinois

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

Income Based Apartments in Hamilton, Illinois

Hamilton 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 Hamilton, Illinois

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

Housing Choice Vouchers in Hamilton, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.