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

Discover affordable housing in Manteno where there are 3+ 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.

The Glen

326 Diversatech Dr, Manteno, Illinois 60950

Manteno Elderly Apartments

175 W Mcguire St, Manteno, Illinois 60950

Manteno Apartments

245 Keigher Dr, Manteno, Illinois 60950

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Manteno, Illinois
$22.05/hour
$8.05 (+57%) more than Illinois minimum wage and $14.80 (+204%) more than the Federal minimum wage.
Learn More About Manteno, Illinois Affordable Housing ↓

What HUD offices serve Manteno, 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 Manteno, Illinois.

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

How many renters live in Manteno, Illinois?

The City of Manteno has 8,632 people living in 3,874 households.

There are 1,270 renters living in 901 renter households in this City. Renters make up 14.71 percent of the population living in Manteno.

What is the rental market like in Manteno, Illinois?

There are an estimated 4,092 housing units in the Manteno area. Of these, 945 units are rental homes, making up 23 percent of the housing market. For every renter household in Manteno, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Manteno?

The rental vacancy rate in Manteno is 5 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 Manteno for each bedroom size?

Occupied Rental Units by Size in Manteno
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
79 276 523 23 0
Occupied Rental Units by Size in Manteno

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

Among renter households in this market, 46 percent have housing cost burden. Further, 18 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 Manteno

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $789 to $1,619. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $789
One BR $886
Two BR $1,164
Three BR $1,569
Four BR $1,619
2024 Fair Market Rents in Manteno, Illinois

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

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 79 100 percent
One BR 199 72 percent
Two BR 238 46 percent
Rental Units Below FMR in Manteno, Illinois

How many affordable rental units are in Manteno?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Manteno, Illinois

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

Income Based Apartments in Manteno, Illinois

Manteno 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 Manteno, Illinois

There are 69 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Manteno.

Housing Choice Vouchers in Manteno, Illinois

On average, Section 8 Housing Choice vouchers pay Manteno landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Manteno.

The maximum amount a voucher would pay on behalf of a low-income tenant in Manteno, Illinois for a two-bedroom apartment is between $1,048 and $1,280.

Sourced from federal housing data and AffordableHousingOnline.com research.