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

Discover affordable housing in Monroe County where there are 8+ 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.

Bella Vista Senior

103 Debra Ln, Waterloo, Illinois 62298

Bella Vista Apartments ( Family )

100 Debra Ln, Waterloo, Illinois 62298

Monroe County Apartments 4

217 N Market St, Waterloo, Illinois 62298

Bella Vista Family

101 Debra Ln, Waterloo, Illinois 62298

Valmeyer Senior Apartments

100 E Woodland Rdg, Valmeyer, Illinois 62295

Columbia Apartments

403 N. Main, Columbia, Illinois

Monroe County Apartments

230 Bradford Ln, Waterloo, Illinois 62298

Mccarron 2

120 Country Rdg, Columbia, Illinois 62236

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monroe County, Illinois
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Monroe County, Illinois Affordable Housing ↓

What HUD offices serve Monroe 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 Monroe County, Illinois.

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

How many renters live in Monroe County, Illinois?

The County of Monroe County has 34,905 people living in 13,565 households.

There are 4,024 renters living in 2,156 renter households in this County. Renters make up 11.53 percent of the population living in Monroe County.

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

There are an estimated 14,560 housing units in the Monroe County area. Of these, 2,238 units are rental homes, making up 15 percent of the housing market. For every renter household in Monroe County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Monroe County?

The rental vacancy rate in Monroe 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 Monroe County for each bedroom size?

Occupied Rental Units by Size in Monroe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
35 327 1,282 488 24
Occupied Rental Units by Size in Monroe County

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

Among renter households in this market, 46 percent have housing cost burden. Further, 14 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 Monroe County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Monroe County, Illinois

How many units are rented at Fair Market Rent (FMR) in Monroe 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 21 60 percent
One BR 267 82 percent
Two BR 917 72 percent
Rental Units Below FMR in Monroe County, Illinois

How many affordable rental units are in Monroe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 116
USDA Section 515 Rural Rental Housing 127
Tracked Units by Federal Program in Monroe County, Illinois

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

Income Based Apartments in Monroe County, Illinois

Monroe County features 129 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 Monroe County, Illinois

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.

Housing Choice Vouchers in Monroe County, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Monroe County, Illinois for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.