Affordable Housing In Marshall County
Illinois

5 Low Income Apartment Communities In Marshall County

Oak Field Place

1348 Bryan St
Henry, IL
$565-683
1-2 BR
Accepts Vouchers
55+

Indian Town Home Association

429 Finfgeld Cir
Henry, IL
Subsidized
62+
Accessible
Elderly Supportive Housing

Henry Home Association

200 Stoner Dr
Henry, IL
Subsidized

River Valley Apartments

705 S Prairie St
Lacon, IL
Subsidized

Monte Cassino Villa CO Professional Prop

101 E Via Ghighieri
Toluca, IL
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Guide To Affordable Housing in Marshall County, Illinois

There are 5 low income housing apartment communities offering 136 affordable apartments for rent in Marshall County, Illinois.

Income Based Apartments in Marshall County, Illinois

Marshall County features 66 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 Marshall County, Illinois

There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall County.

Housing Choice Vouchers in Marshall County, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marshall County, Illinois for a two-bedroom apartment is between $695 and $849.

2020 Marshall County, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $564 $606 $772 $998 $1,082
Payment Standard Range $508 to $620 $545 to $667 $695 to $849 $898 to $1,098 $974 to $1,190

Sourced from federal housing data and AffordableHousingOnline.com research.

Marshall County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 136
Total Housing Units with Rental Assistance 66
Percentage of Housing Units Occupied By Renters 16.78%
Average Renter Household Size 2.16
Average Household Size 2.38
Median Household Income $53,423 ±$1,419
Median Rent $646 ±$47
Percentage Of Renters Overburdened 37.71% ± 7.18pp
Total Population 12,173

Population and Household Demographics

Marshall County is a County in Illinois with a population of 12,173. There are 4,993 households in the county with an average household size of 2.38 persons. 16.78% of households in Marshall County are renters.

Income and Rent Overburden in Marshall County

The median gross income for households in Marshall County is $53,423 a year, or $4,452 a month. The median rent for the county is $646 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marshall County, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 37.71% of households who rent are overburdened in Marshall County.1

Area Median Income In Marshall County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Marshall County, HUD calculates the Area Median Income for a family of four as $76,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Marshall County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Marshall County HUD Rental Assistance in Marshall County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,150 $18,450 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
80% of Median $43,050 $49,200 $55,350 $61,500 $66,450 $71,350 $76,300 $81,200

Cities In Marshall County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Toluca 1
Henry 3
Washburn 0
Lacon 1
La Rose 0
Sparland 0
Varna 0
Hopewell 0