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

Discover affordable housing in Montgomery County where there are 31+ 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.

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

What HUD offices serve Montgomery 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), Public Housing programs for Montgomery County, Illinois.

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

How many renters live in Montgomery County, Illinois?

The County of Montgomery County has 28,352 people living in 11,259 households.

There are 5,489 renters living in 2,765 renter households in this County. Renters make up 19.36 percent of the population living in Montgomery County.

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

There are an estimated 12,539 housing units in the Montgomery County area. Of these, 3,028 units are rental homes, making up 24 percent of the housing market. For every renter household in Montgomery County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Montgomery County?

The rental vacancy rate in Montgomery County is 9 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 Montgomery County for each bedroom size?

Occupied Rental Units by Size in Montgomery County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
248 668 1,022 669 145
Occupied Rental Units by Size in Montgomery County

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

Among renter households in this market, 37 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 Montgomery County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $579 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $579
One BR $614
Two BR $807
Three BR $1,074
Four BR $1,075
2024 Fair Market Rents in Montgomery County, Illinois

How many units are rented at Fair Market Rent (FMR) in Montgomery 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 86 35 percent
One BR 401 60 percent
Two BR 508 50 percent
Rental Units Below FMR in Montgomery County, Illinois

How many affordable rental units are in Montgomery County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 360
Public Housing 141
Section 8 Project-Based Rental Assistance 87
Section 811 Supportive Housing for Persons with Disabilities 1
USDA Section 515 Rural Rental Housing 247
Tracked Units by Federal Program in Montgomery County, Illinois

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

Income Based Apartments in Montgomery County, Illinois

Montgomery County features 492 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 Montgomery County, Illinois

There are 296 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery County.

Housing Choice Vouchers in Montgomery County, Illinois

On average, Section 8 Housing Choice vouchers pay Montgomery County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Montgomery County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.