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

Discover affordable housing in Keithsburg 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.

Village Green Keithsburg

304 S 14th St, Keithsburg, Illinois 61442

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

What HUD offices serve Keithsburg, 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 Keithsburg, Illinois.

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

How many renters live in Keithsburg, Illinois?

The City of Keithsburg has 570 people living in 257 households.

There are 78 renters living in 37 renter households in this City. Renters make up 13.68 percent of the population living in Keithsburg.

What is the rental market like in Keithsburg, Illinois?

There are an estimated 345 housing units in the Keithsburg area. Of these, 53 units are rental homes, making up 15 percent of the housing market. For every renter household in Keithsburg, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Keithsburg?

The rental vacancy rate in Keithsburg is 30 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 Keithsburg for each bedroom size?

Occupied Rental Units by Size in Keithsburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
27 0 3 4 3
Occupied Rental Units by Size in Keithsburg

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

Among renter households in this market, 32 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 Keithsburg

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 Keithsburg, Illinois

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

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 19 70 percent
Two BR 3 100 percent
Rental Units Below FMR in Keithsburg, Illinois

How many affordable rental units are in Keithsburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Tracked Units by Federal Program in Keithsburg, Illinois

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

Income Based Apartments in Keithsburg, Illinois

Keithsburg features 12 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 Keithsburg, Illinois

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

Housing Choice Vouchers in Keithsburg, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.