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

Discover affordable housing in Hoopeston 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.

Fortees Apartments

and 05- 725 S 1st Ave, Hoopeston, Illinois 60942

Wyman Terrace Apartments

710 E Wyman St, Hoopeston, Illinois 60942

Prairie Meadows Homes

1200 Daisy Ln, Hoopeston, Illinois 60942

Centennial Manor

426 E Honeywell Ave, Hoopeston, Illinois 60942

Plaza Commons

715 W Elm St, Hoopeston, Illinois 60942

Country Manor Apartments

824 E Wyman Ave, Hoopeston, Illinois 60942

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hoopeston, Illinois
$18.11/hour
$4.11 (+29%) more than Illinois minimum wage and $10.86 (+150%) more than the Federal minimum wage.
Learn More About Hoopeston, Illinois Affordable Housing ↓

What HUD offices serve Hoopeston, 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, Veteran Affairs Supportive Housing (VASH), Family Unification Program (FUP) programs for Hoopeston, Illinois.

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

How many renters live in Hoopeston, Illinois?

The City of Hoopeston has 4,940 people living in 2,099 households.

There are 1,372 renters living in 697 renter households in this City. Renters make up 27.77 percent of the population living in Hoopeston.

What is the rental market like in Hoopeston, Illinois?

There are an estimated 2,581 housing units in the Hoopeston area. Of these, 914 units are rental homes, making up 35 percent of the housing market. For every renter household in Hoopeston, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Hoopeston?

The rental vacancy rate in Hoopeston is 24 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Hoopeston for each bedroom size?

Occupied Rental Units by Size in Hoopeston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 79 453 84 81
Occupied Rental Units by Size in Hoopeston

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

Among renter households in this market, 47 percent have housing cost burden. Further, 42 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 Hoopeston

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $691 to $1,273. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $691
One BR $728
Two BR $956
Three BR $1,191
Four BR $1,273
2024 Fair Market Rents in Hoopeston, Illinois

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

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 50 63 percent
Two BR 352 78 percent
Rental Units Below FMR in Hoopeston, Illinois

How many affordable rental units are in Hoopeston?

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

Federal Program Unit Count
Low Income Housing Tax Credit 57
Public Housing 105
Section 8 Project-Based Rental Assistance 25
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Hoopeston, Illinois

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

Income Based Apartments in Hoopeston, Illinois

Hoopeston features 301 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 Hoopeston, Illinois

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoopeston.

Housing Choice Vouchers in Hoopeston, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hoopeston, Illinois for a two-bedroom apartment is between $860 and $1,052.

Sourced from federal housing data and AffordableHousingOnline.com research.