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

Discover affordable housing in Manito 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.

Old Manito H. S Rehab

225 E Meadow Lawn St, Manito, Illinois 61546

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

What HUD offices serve Manito, 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 Manito, Illinois.

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

How many renters live in Manito, Illinois?

The City of Manito has 1,719 people living in 741 households.

There are 319 renters living in 150 renter households in this City. Renters make up 18.56 percent of the population living in Manito.

What is the rental market like in Manito, Illinois?

There are an estimated 788 housing units in the Manito area. Of these, 158 units are rental homes, making up 20 percent of the housing market. For every renter household in Manito, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Manito?

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

Occupied Rental Units by Size in Manito
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 33 79 21 11
Occupied Rental Units by Size in Manito

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

Among renter households in this market, 40 percent have housing cost burden. Further, 34 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 Manito

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,245. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $647
Two BR $807
Three BR $1,067
Four BR $1,245
2024 Fair Market Rents in Manito, Illinois

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

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 0 100 percent
One BR 16 48 percent
Two BR 55 70 percent
Rental Units Below FMR in Manito, Illinois

How many affordable rental units are in Manito?

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

Federal Program Unit Count
Low Income Housing Tax Credit 17
Tracked Units by Federal Program in Manito, Illinois

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

Income Based Apartments in Manito, Illinois

Manito features 0 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 Manito, Illinois

There are 17 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Manito.

Housing Choice Vouchers in Manito, Illinois

On average, Section 8 Housing Choice vouchers pay Manito landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Manito.

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

Sourced from federal housing data and AffordableHousingOnline.com research.