Low Income Apartments and Affordable Housing For Rent in Mason City, IL

Discover affordable housing in Mason City 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.

Mason City Manor Apartments

405 E Jefferson St, Mason City, Illinois 62664

Mason City Apartments

424 W Chestnut St, Mason City, Illinois 62664

Cila Home ( Mason City Il 1 )

220 Veterans Blvd, Mason City, Illinois 62664

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

What HUD offices serve Mason City, 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 Mason City, Illinois.

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

How many renters live in Mason City, Illinois?

The City of Mason City has 2,260 people living in 1,029 households.

There are 431 renters living in 234 renter households in this City. Renters make up 19.07 percent of the population living in Mason City.

What is the rental market like in Mason City, Illinois?

There are an estimated 1,161 housing units in the Mason City area. Of these, 244 units are rental homes, making up 21 percent of the housing market. For every renter household in Mason City, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Mason City?

The rental vacancy rate in Mason City 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 Mason City for each bedroom size?

Occupied Rental Units by Size in Mason City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 58 118 35 10
Occupied Rental Units by Size in Mason City

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

Among renter households in this market, 40 percent have housing cost burden. Further, 22 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 Mason City

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 Mason City, Illinois

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

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 3 23 percent
One BR 42 72 percent
Two BR 21 18 percent
Rental Units Below FMR in Mason City, Illinois

How many affordable rental units are in Mason City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Mason City, Illinois

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

Income Based Apartments in Mason City, Illinois

Mason City features 20 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 Mason City, Illinois

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mason City.

Housing Choice Vouchers in Mason City, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.