Low Income Apartments and Affordable Housing For Rent in Piatt County, IL

Discover affordable housing in Piatt County where there are 5+ 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.

Bement Apartments

565 N Morgan St, Bement, Illinois 61813

Meadows 20

415 W William St, Monticello, Illinois 61856

Quality Housing Hammond

701 S Don Ryan St, Hammond, Illinois 61929

Meadows 12

900 S Irving, Monticello, Illinois

Prairie Homes II Bement

106 W Park St, Cerro Gordo, Illinois 61929

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Piatt County, Illinois
$19.87/hour
$5.87 (+42%) more than Illinois minimum wage and $12.62 (+174%) more than the Federal minimum wage.
Learn More About Piatt County, Illinois Affordable Housing ↓

What HUD offices serve Piatt County, 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 Public Housing programs for Piatt County, Illinois.

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

How many renters live in Piatt County, Illinois?

The County of Piatt County has 16,698 people living in 6,783 households.

There are 2,206 renters living in 1,132 renter households in this County. Renters make up 13.21 percent of the population living in Piatt County.

What is the rental market like in Piatt County, Illinois?

There are an estimated 7,377 housing units in the Piatt County area. Of these, 1,253 units are rental homes, making up 17 percent of the housing market. For every renter household in Piatt County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Piatt County?

The rental vacancy rate in Piatt County is 8 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 Piatt County for each bedroom size?

Occupied Rental Units by Size in Piatt County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 356 469 250 51
Occupied Rental Units by Size in Piatt County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 21 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 Piatt County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $880 to $1,397. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $880
One BR $885
Two BR $1,049
Three BR $1,372
Four BR $1,397
2024 Fair Market Rents in Piatt County, Illinois

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

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
One BR 181 51 percent
Two BR 304 65 percent
Rental Units Below FMR in Piatt County, Illinois

How many affordable rental units are in Piatt County?

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

Federal Program Unit Count
Public Housing 60
Section 8 Project-Based Rental Assistance 12
USDA Section 515 Rural Rental Housing 50
Tracked Units by Federal Program in Piatt County, Illinois

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

Income Based Apartments in Piatt County, Illinois

Piatt County features 112 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 Piatt County, Illinois

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

Housing Choice Vouchers in Piatt County, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Piatt County, Illinois for a two-bedroom apartment is between $944 and $1,154.

Sourced from federal housing data and AffordableHousingOnline.com research.