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

Discover affordable housing in Lebanon where there are 4+ 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.

Cedars of Lebanon

600 S Horner St Ofc , Lebanon, Illinois 62254

payment Subsidized
elderly Senior

Lebanon I Apartments

410 Summerfield St, Lebanon, Illinois 62254

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Cedar Ridge Apt

203 N. Fritz Street, Lebanon, Illinois

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Washington Park

111 E Randle St, Lebanon, Illinois 62204

payment Subsidized

How To Identify Affordable Housing in Lebanon, Illinois

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 31
Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lebanon, Illinois
$22.90/hour
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Lebanon, Illinois Affordable Housing ↓

What HUD offices serve Lebanon, 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 Lebanon, Illinois.

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

How many renters live in Lebanon, Illinois?

The City of Lebanon has people living in households.

There are renters living in renter households in this City. Renters make up 29.87 percent of the population living in Lebanon.

What is the rental market like in Lebanon, Illinois?

There are an estimated housing units in the Lebanon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lebanon, Illinois, there are 1.06 rental units.

What is the vacancy rate for rentals in Lebanon?

The rental vacancy rate in Lebanon is 6 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 Lebanon for each bedroom size?

Occupied Rental Units by Size in Lebanon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
100 73 387 16 44
Occupied Rental Units by Size in Lebanon

A large number of apartments in Lebanon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lebanon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Lebanon, Illinois

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

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 100 100 percent
One BR 73 100 percent
Two BR 192 50 percent
Rental Units Below FMR in Lebanon, Illinois

How many affordable rental units are in Lebanon?

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

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

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

Income Based Apartments in Lebanon, Illinois

Lebanon features 223 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 Lebanon, Illinois

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.

Housing Choice Vouchers in Lebanon, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lebanon, Illinois for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.

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