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

Discover affordable housing in Knoxville 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.

Douglas Street Apts Tr #775363005- Dak

300 W. Douglas St., Knoxville, Illinois

calendar_today Opened: Dec 1
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

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

What HUD offices serve Knoxville, 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 Knoxville, Illinois.

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

How many renters live in Knoxville, Illinois?

The City of Knoxville has 3,318 people living in 1,221 households.

There are 681 renters living in 217 renter households in this City. Renters make up 20.52 percent of the population living in Knoxville.

What is the rental market like in Knoxville, Illinois?

There are an estimated 1,299 housing units in the Knoxville area. Of these, 261 units are rental homes, making up 20 percent of the housing market. For every renter household in Knoxville, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Knoxville?

The rental vacancy rate in Knoxville is 17 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 Knoxville for each bedroom size?

Occupied Rental Units by Size in Knoxville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 43 90 46 32
Occupied Rental Units by Size in Knoxville

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

Among renter households in this market, 65 percent have housing cost burden. Further, 36 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 Knoxville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $596 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $596
One BR $614
Two BR $807
Three BR $1,055
Four BR $1,075
2024 Fair Market Rents in Knoxville, Illinois

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

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 6 100 percent
One BR 32 74 percent
Two BR 56 62 percent
Rental Units Below FMR in Knoxville, Illinois

How many affordable rental units are in Knoxville?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Knoxville, Illinois

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

Income Based Apartments in Knoxville, Illinois

Knoxville features 8 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 Knoxville, Illinois

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

Housing Choice Vouchers in Knoxville, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.