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

Discover affordable housing in LaSalle 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.

Lasalle Manor

1135 10th St, LaSalle, Illinois 61301

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 LaSalle, Illinois
$17.39/hour
$3.39 (+24%) more than Illinois minimum wage and $10.14 (+140%) more than the Federal minimum wage.
Learn More About LaSalle, Illinois Affordable Housing ↓

What HUD offices serve LaSalle, 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 LaSalle, Illinois.

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

How many renters live in LaSalle, Illinois?

The City of LaSalle has 9,562 people living in 4,086 households.

There are 3,535 renters living in 1,563 renter households in this City. Renters make up 36.97 percent of the population living in LaSalle.

What is the rental market like in LaSalle, Illinois?

There are an estimated 4,441 housing units in the LaSalle area. Of these, 1,622 units are rental homes, making up 37 percent of the housing market. For every renter household in LaSalle, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in LaSalle?

The rental vacancy rate in LaSalle is 3 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 LaSalle for each bedroom size?

Occupied Rental Units by Size in LaSalle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
50 223 947 275 68
Occupied Rental Units by Size in LaSalle

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

Among renter households in this market, 39 percent have housing cost burden. Further, 19 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 LaSalle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $694 to $1,357. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $694
One BR $699
Two BR $918
Three BR $1,248
Four BR $1,357
2024 Fair Market Rents in LaSalle, Illinois

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

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 37 74 percent
One BR 155 70 percent
Two BR 330 35 percent
Rental Units Below FMR in LaSalle, Illinois

How many affordable rental units are in LaSalle?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Public Housing 249
Section 8 Project-Based Rental Assistance 55
Section 811 Supportive Housing for Persons with Disabilities 6
Tracked Units by Federal Program in LaSalle, Illinois

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

Income Based Apartments in LaSalle, Illinois

LaSalle features 48 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 LaSalle, Illinois

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

Housing Choice Vouchers in LaSalle, Illinois

On average, Section 8 Housing Choice vouchers pay LaSalle landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in LaSalle.

The maximum amount a voucher would pay on behalf of a low-income tenant in LaSalle, Illinois for a two-bedroom apartment is between $826 and $1,010.

Sourced from federal housing data and AffordableHousingOnline.com research.