Affordable Housing In Peoria County

75 Low Income Apartment Communities In Peoria County

Dunlap Falls

6900 North Summershade Circle
Peoria, IL
1-3 BR

GateWay at River City

518 W Romeo B Garrett Ave
Peoria, IL
Call For Rent
Studio-2 BR

Woodview Apartments I

6th Street
Glasford, IL
Call For Rent
2 BR
HCV Welcome

Bayberry B Apartments

1405 Bayberry Ct
Chillicothe, IL
Call For Rent
1-2 BR
HCV Welcome

The Heartland Apartments

607 North Hightower Street
Peoria, IL
Call For Rent
1 BR
Elderly Supportive Housing

Glen Oak Towers Apartments

926 Main Street
Peoria, IL
Call For Rent
1 BR

River West

312 S Merriman St
Peoria, IL
HCV Welcome

Willow Oaks Apartments I

1225 Florence Ave
Pekin, IL

Village Green Apartments

725 W Hurlburt St
Peoria, IL

Sunset Hill

1825 Vienna Ct
Pekin, IL

Other Housing Authorities located in Peoria County

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

Guide To Affordable Housing in Peoria County, Illinois

There are 75 low income housing apartment communities offering 5,806 affordable apartments for rent in Peoria County, Illinois. Peoria County features 4,237 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,569 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Peoria County.

Sourced from federal housing data and research.

Peoria County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 75
Total Low Income Apartments 5,806
Total Housing Units with Rental Assistance 4,237
Percentage of Housing Units Occupied By Renters 35.26%
Average Renter Household Size 2.25
Average Household Size 2.39
Median Household Income $51,147 ±$845
Median Rent $713 ±$13
Percentage Of Renters Overburdened 43.1% ± 2.32pp
Total Population 187,112

Population and Household Demographics

Peoria County is a County in Illinois with a population of 187,112. There are 76,133 households in the county with an average household size of 2.39 persons. 35.26% of households in Peoria County are renters.

Income and Rent Overburden in Peoria County

The median gross income for households in Peoria County is $51,147 a year, or $4,262 a month. The median rent for the county is $713 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Peoria County, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 43.1% of households who rent are overburdened in Peoria County.1

Area Median Income In Peoria County

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.

In Peoria County, HUD calculates the Area Median Income for a family of four as $76,900

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 County

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 Peoria County HUD Rental Assistance in Peoria County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,150 $18,450 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
80% of Median $43,050 $49,200 $55,350 $61,500 $66,450 $71,350 $76,300 $81,200
Low Income Housing Tax Credits in Peoria County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2008, 20 low income apartment communities containing 1,625 rental apartments have been constructed and made affordable to low income persons in Peoria County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Peoria County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
60% of Median $32,340 $36,960 $41,580 $46,140 $49,860 $53,580 $57,240 $60,960

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Peoria County is $41,580 a year, or $3,465 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,465 by 30% to get a maximum rent of $1,040 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $674 $722 $866 $1,000 $1,116 $1,231
60% $809 $866 $1,040 $1,200 $1,340 $1,478
Fair Market Rents in Peoria County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$564 $606 $772 $998 $1,082

Cities In Peoria County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Peoria 51 The HUD funded Public Housing Agency that serves Peoria is the Peoria Housing Authority.
Pekin 12 The HUD funded Public Housing Agency that serves Pekin is the Housing Authority of the City of Pekin.
Chillicothe 7
Elmwood 1
Glasford 2
Princeville 0
Bartonville 0
Bellevue 0
Brimfield 0
Dunlap 0
Hanna City 1
Kingston Mines 0
Lake Camelot 0
Mapleton 0
Norwood 0
Peoria Heights 1
Rome 0
West Peoria 0