Low Income Apartments and Affordable Housing For Rent in O'fallon, IL

Discover affordable housing in O'fallon 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.

Lincoln Park Villas

1159 South Lincoln Avenue, O'fallon, Illinois 62269

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

205 Howard Dr

205 Howard Dr, O'Fallon, Illinois 62269

bed 2
payment $825/mo.

How To Identify Affordable Housing in O'fallon, Illinois

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 31
Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In O'fallon, Illinois
$22.90/hour
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About O'fallon, Illinois Affordable Housing ↓

What HUD offices serve O'fallon, 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 O'fallon, Illinois.

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

How many renters live in O'fallon, Illinois?

The City of O'fallon has people living in households.

There are renters living in renter households in this City. Renters make up 20.38 percent of the population living in O'fallon.

What is the rental market like in O'fallon, Illinois?

There are an estimated housing units in the O'fallon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in O'fallon, Illinois, there are 1.06 rental units.

What is the vacancy rate for rentals in O'fallon?

The rental vacancy rate in O'fallon 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 O'fallon for each bedroom size?

Occupied Rental Units by Size in O'fallon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
397 633 1,372 453 373
Occupied Rental Units by Size in O'fallon

A large number of apartments in O'fallon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in O'fallon

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 O'fallon, Illinois

How many units are rented at Fair Market Rent (FMR) in O'fallon?

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 47 12 percent
One BR 349 55 percent
Two BR 670 49 percent
Rental Units Below FMR in O'fallon, Illinois

How many affordable rental units are in O'fallon?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in O'fallon, Illinois

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

Income Based Apartments in O'fallon, Illinois

O'fallon features 0 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 O'fallon, Illinois

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in O'fallon.

Housing Choice Vouchers in O'fallon, Illinois

On average, Section 8 Housing Choice vouchers pay O'fallon landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in O'fallon.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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