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Affordable Housing In Peoria
Peoria County, Illinois

51 Low Income Apartment Communities In Peoria

Dunlap Falls

6900 North Summershade Circle
Peoria, Illinois
$845-1,170
1-3 BR

GateWay at River City

518 West Romeo B Garrett Avenue
Peoria, Illinois
Call For Rent
Studio-2 BR
Accessible
Accessible

The Heartland Apartments

607 North Hightower Street
Peoria, Illinois
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Glen Oak Towers Apartments

926 Main Street
Peoria, Illinois
Call For Rent
1 BR

Galena Park Terrace Apartments

5533 N Galena Rd
Peoria, Illinois
Subsidized
62+
Accessible
Elderly Supportive Housing
Accepts Vouchers

River West

312 S Merriman St
Peoria, Illinois
Accepts Vouchers

Village Green Apartments

725 W Hurlburt St
Peoria, Illinois
Subsidized

T M Wallick Residences

2401 N Gail Ave
Peoria, Illinois
Subsidized

Landmark Apartments

706 N Shipman Street
Peoria, Illinois
Subsidized

Oak Woods ( Ihda )

740 W Joan Ct
Peoria, Illinois
Subsidized

Housing Authorities that serve Peoria

Housing Authority Programs
Peoria Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency

Guide To Affordable Housing in Peoria, Illinois

There are 51 low income housing apartment communities offering 4,266 affordable apartments for rent in Peoria, Illinois.

Income Based Apartments in Peoria, Illinois

Peoria features 3,081 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 Peoria, Illinois

There are 1,185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peoria.

Housing Choice Vouchers in Peoria, Illinois

On average, Section 8 Housing Choice vouchers pay Peoria landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Peoria.

The maximum amount a voucher would pay on behalf of a low-income tenant in Peoria, Illinois for a two-bedroom apartment is between $695 and $849.

2020 Peoria, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $564 $606 $772 $998 $1,082
Payment Standard Range $508 to $620 $545 to $667 $695 to $849 $898 to $1,098 $974 to $1,190

Sourced from federal housing data and AffordableHousingOnline.com research.

Peoria, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 51
Total Low Income Apartments 4,266
Total Housing Units with Rental Assistance 3,081
Percentage of Housing Units Occupied By Renters 44.77%
Average Renter Household Size 2.26
Average Household Size 2.37
Median Household Income $45,552 ±$1,486
Median Rent $718 ±$14
Percentage Of Renters Overburdened 46.3% ± 2.69pp
Total Population 115,847

Population and Household Demographics

Peoria is a city in Peoria County, Illinois with a population of 115,847. There are 47,239 households in the city with an average household size of 2.37 persons. 44.77% of households in Peoria are renters.

Income and Rent Overburden in Peoria

The median gross income for households in Peoria is $45,552 a year, or $3,796 a month. The median rent for the city is $718 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Peoria, a household making less than $2,393 a month would be considered overburdened when renting an apartment at or above the median rent. 46.3% of households who rent are overburdened in Peoria.

Area Median Income In Peoria

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Peoria, the AMI is calculated from all households within Peoria County.

In Peoria, HUD calculates the Area Median Income for a family of four as $79,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Peoria

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Peoria

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,750 $19,150 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,900 $31,850 $35,850 $39,800 $43,000 $46,200 $49,400 $52,550
80% of Median $44,600 $51,000 $57,350 $63,700 $68,800 $73,900 $79,000 $84,100