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

Discover affordable housing in Marengo where there are 2+ 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.

North Prairie Marengo Apartments

940 Briden Drive, Marengo, Illinois 60152

bed 1-3

230 S Prospect St Unit 240 E

230 S Prospect St Unit 240 E, Marengo, Illinois 60152

bed 2
payment $1225/mo.

How To Identify Affordable Housing in Marengo, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marengo, Illinois
$32.46/hour
$18.46 (+132%) more than Illinois minimum wage and $25.21 (+348%) more than the Federal minimum wage.
Learn More About Marengo, Illinois Affordable Housing ↓

What HUD offices serve Marengo, 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 Marengo, Illinois.

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

How many renters live in Marengo, Illinois?

The City of Marengo has people living in households.

There are renters living in renter households in this City. Renters make up 36.57 percent of the population living in Marengo.

What is the rental market like in Marengo, Illinois?

There are an estimated housing units in the Marengo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Marengo, Illinois, there are 1.07 rental units.

What is the vacancy rate for rentals in Marengo?

The rental vacancy rate in Marengo is 7 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 Marengo for each bedroom size?

Occupied Rental Units by Size in Marengo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
33 300 580 129 33
Occupied Rental Units by Size in Marengo

A large number of apartments in Marengo 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 Marengo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,399
One BR $1,507
Two BR $1,714
Three BR $2,182
Four BR $2,583
2024 Fair Market Rents in Marengo, Illinois

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

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 33 100 percent
One BR 300 100 percent
Two BR 529 91 percent
Rental Units Below FMR in Marengo, Illinois

How many affordable rental units are in Marengo?

Income Based Apartments in Marengo, Illinois

Marengo 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 Marengo, Illinois

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

Housing Choice Vouchers in Marengo, Illinois

On average, Section 8 Housing Choice vouchers pay Marengo landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Marengo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marengo, Illinois for a two-bedroom apartment is between $1,543 and $1,885.

Sourced from federal housing data and AffordableHousingOnline.com research.

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