Low Income Apartments and Affordable Housing For Rent in Menard County, IL

Discover affordable housing in Menard County where there are 10+ 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.

St. James Place

101 West Sheridan Road, Petersburg, Illinois 62675

County Estates

101 W Sheridan Rd, Petersburg, Illinois 62675


209 E Sheridan Rd, Petersburg, Illinois 62675

Lincolnwest Apts

201 West Lincoln St., Petersburg, Illinois

Athens Apartments

600 N Mayflower Ct, Athens, Illinois 62613

Prairie Place

802 N Bunchberry Ct, Athens, Illinois 62613

Single - Family Home 614 N 7th St

614 N 7th St, Petersburg, Illinois 62675

Schland II

611 N 6th St, Petersburg, Illinois 62675

Schland I

113 W Jackson St, Petersburg, Illinois 62675

Schland III

Lincolnwood Estates, Petersburg, Illinois 62675

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Menard County, Illinois
$6.27 (+45%) more than Illinois minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Menard County, Illinois Affordable Housing ↓

What HUD offices serve Menard County, 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), Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Menard County, Illinois.

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

How many renters live in Menard County, Illinois?

The County of Menard County has 12,284 people living in 5,085 households.

There are 2,305 renters living in 1,035 renter households in this County. Renters make up 18.76 percent of the population living in Menard County.

What is the rental market like in Menard County, Illinois?

There are an estimated 5,605 housing units in the Menard County area. Of these, 1,100 units are rental homes, making up 20 percent of the housing market. For every renter household in Menard County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Menard County?

The rental vacancy rate in Menard County is 4 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 Menard County for each bedroom size?

Occupied Rental Units by Size in Menard County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 166 497 269 51
Occupied Rental Units by Size in Menard County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 16 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 Menard County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $873
Two BR $1,070
Three BR $1,421
Four BR $1,459
2024 Fair Market Rents in Menard County, Illinois

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

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 7 29 percent
One BR 125 75 percent
Two BR 381 77 percent
Rental Units Below FMR in Menard County, Illinois

How many affordable rental units are in Menard County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 69
Section 8 Project-Based Rental Assistance 208
USDA Section 515 Rural Rental Housing 22
Tracked Units by Federal Program in Menard County, Illinois

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

Income Based Apartments in Menard County, Illinois

Menard County features 149 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 Menard County, Illinois

There are 188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menard County.

Housing Choice Vouchers in Menard County, Illinois

On average, Section 8 Housing Choice vouchers pay Menard County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Menard County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Menard County, Illinois for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.