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

Discover affordable housing in Ipava 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.

Ipava Apartments

60 N Mills St, Ipava, Illinois 61441

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ipava, Illinois
$16.27/hour
$2.27 (+16%) more than Illinois minimum wage and $9.02 (+124%) more than the Federal minimum wage.
Learn More About Ipava, Illinois Affordable Housing ↓

What HUD offices serve Ipava, 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 Ipava, Illinois.

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

How many renters live in Ipava, Illinois?

The City of Ipava has 452 people living in 189 households.

There are 133 renters living in 43 renter households in this City. Renters make up 29.42 percent of the population living in Ipava.

What is the rental market like in Ipava, Illinois?

There are an estimated 202 housing units in the Ipava area. Of these, 43 units are rental homes, making up 21 percent of the housing market. For every renter household in Ipava, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Ipava?

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

Occupied Rental Units by Size in Ipava
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 6 27 2
Occupied Rental Units by Size in Ipava

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

Among renter households in this market, 51 percent have housing cost burden. Further, 14 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 Ipava

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,332. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $649
One BR $654
Two BR $859
Three BR $1,126
Four BR $1,332
2024 Fair Market Rents in Ipava, Illinois

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

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 1 13 percent
Two BR 6 100 percent
Rental Units Below FMR in Ipava, Illinois

How many affordable rental units are in Ipava?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 6
Tracked Units by Federal Program in Ipava, Illinois

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

Income Based Apartments in Ipava, Illinois

Ipava features 6 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 Ipava, Illinois

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

Housing Choice Vouchers in Ipava, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ipava, Illinois for a two-bedroom apartment is between $773 and $945.

Sourced from federal housing data and AffordableHousingOnline.com research.