Low Income Apartments and Affordable Housing For Rent in Moweaqua, IL

Discover affordable housing in Moweaqua where there are 2+ 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.

Country Place Apartments Moweaqua I

205 W. Lake Street, Moweaqua, Illinois 62550

Country Place Apartments Moweaqua II

205 W Birch St, Moweaqua, Illinois 62550

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Moweaqua, Illinois
$15.85/hour
$1.85 (+13%) more than Illinois minimum wage and $8.60 (+119%) more than the Federal minimum wage.
Learn More About Moweaqua, Illinois Affordable Housing ↓

What HUD offices serve Moweaqua, 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 Moweaqua, Illinois.

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

How many renters live in Moweaqua, Illinois?

The City of Moweaqua has 1,947 people living in 750 households.

There are 392 renters living in 174 renter households in this City. Renters make up 20.13 percent of the population living in Moweaqua.

What is the rental market like in Moweaqua, Illinois?

There are an estimated 813 housing units in the Moweaqua area. Of these, 184 units are rental homes, making up 23 percent of the housing market. For every renter household in Moweaqua, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Moweaqua?

The rental vacancy rate in Moweaqua is 5 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 Moweaqua for each bedroom size?

Occupied Rental Units by Size in Moweaqua
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 19 84 35 15
Occupied Rental Units by Size in Moweaqua

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

Among renter households in this market, 39 percent have housing cost burden. Further, 25 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 Moweaqua

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $580 to $1,127. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $580
One BR $644
Two BR $846
Three BR $1,023
Four BR $1,127
2024 Fair Market Rents in Moweaqua, Illinois

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

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 0 100 percent
One BR 10 53 percent
Two BR 30 36 percent
Rental Units Below FMR in Moweaqua, Illinois

How many affordable rental units are in Moweaqua?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Moweaqua, Illinois

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

Income Based Apartments in Moweaqua, Illinois

Moweaqua features 32 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 Moweaqua, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moweaqua.

Housing Choice Vouchers in Moweaqua, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Moweaqua, Illinois for a two-bedroom apartment is between $753 and $921.

Sourced from federal housing data and AffordableHousingOnline.com research.