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

Discover affordable housing in Neoga where there are 1+ 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.

Greenup

336 W 8th St, Neoga, Illinois 62468

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

What HUD offices serve Neoga, 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 Neoga, Illinois.

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

How many renters live in Neoga, Illinois?

The City of Neoga has 1,263 people living in 467 households.

There are 229 renters living in 130 renter households in this City. Renters make up 18.13 percent of the population living in Neoga.

What is the rental market like in Neoga, Illinois?

There are an estimated 577 housing units in the Neoga area. Of these, 149 units are rental homes, making up 26 percent of the housing market. For every renter household in Neoga, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Neoga?

The rental vacancy rate in Neoga is 13 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 Neoga for each bedroom size?

Occupied Rental Units by Size in Neoga
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 39 76 2 10
Occupied Rental Units by Size in Neoga

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

Among renter households in this market, 44 percent have housing cost burden. Further, 24 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 Neoga

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $614
Two BR $807
Three BR $976
Four BR $1,075
2024 Fair Market Rents in Neoga, Illinois

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

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 3 100 percent
One BR 28 72 percent
Two BR 45 59 percent
Rental Units Below FMR in Neoga, Illinois

How many affordable rental units are in Neoga?

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

Federal Program Unit Count
Public Housing 36
Tracked Units by Federal Program in Neoga, Illinois

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

Income Based Apartments in Neoga, Illinois

Neoga features 92 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 Neoga, Illinois

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

Housing Choice Vouchers in Neoga, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.