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

Discover affordable housing in Quincy where there are 16+ 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.

Country Club Heights Apartments

740 Country Club Heights, Quincy, Illinois 62301

Cedar Creek Crossing

2320 N 12th St, Quincy, Illinois 62305

Marion Corner Apartments

310 Walnut St, Quincy, Illinois 62321

Frederick Ball Apartments

818 N. 8th St., Quincy, Illinois 62301

Timberline Terrace Senior Apartments

4611 State St, Quincy, Illinois 62305

Lincoln Douglas Cardinal Apartments

101 N 4th St, Quincy, Illinois 62301

Community Alternatives

1300 N 6th St, Quincy, Illinois 62301

Adams County Mental Health

2015 Chestnut St, Quincy, Illinois 62301

Harvest Hills Apartments

901 S 36th St, Quincy, Illinois 62301

Housing 2006, Inc

1314 N 5th St, Quincy, Illinois 62301

HOUSING 2006 INC

1314 NORTH FIFTH ST, Quincy, Illinois 62305

Indian Hills Apartments

504 Harrison St, Quincy, Illinois 62301

Lampe High Rise Apartments

527 Broadway St, Quincy, Illinois 62301

Senior Family Resource Center

639 York St, Quincy, Illinois 62301

12th Street Apartments

2925 S 12th St, Quincy, Illinois 62305

Carsons Apartments

500 Maine St, Quincy, Illinois 62301

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Quincy, Illinois
$16.57/hour
$2.57 (+18%) more than Illinois minimum wage and $9.32 (+129%) more than the Federal minimum wage.
Learn More About Quincy, Illinois Affordable Housing ↓

What HUD offices serve Quincy, 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 Quincy, Illinois.
Operates the Public Housing programs for Quincy, Illinois.

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

How many renters live in Quincy, Illinois?

The City of Quincy has 39,441 people living in 17,373 households.

There are 11,282 renters living in 6,086 renter households in this City. Renters make up 28.6 percent of the population living in Quincy.

What is the rental market like in Quincy, Illinois?

There are an estimated 19,010 housing units in the Quincy area. Of these, 6,623 units are rental homes, making up 35 percent of the housing market. For every renter household in Quincy, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Quincy?

The rental vacancy rate in Quincy is 7 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 Quincy for each bedroom size?

Occupied Rental Units by Size in Quincy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
420 1,924 2,449 1,053 150
Occupied Rental Units by Size in Quincy

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

Among renter households in this market, 40 percent have housing cost burden. Further, 19 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 Quincy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $593 to $1,165. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $593
One BR $666
Two BR $875
Three BR $1,137
Four BR $1,165
2024 Fair Market Rents in Quincy, Illinois

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

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 215 51 percent
One BR 1,052 55 percent
Two BR 1,148 47 percent
Rental Units Below FMR in Quincy, Illinois

How many affordable rental units are in Quincy?

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

Federal Program Unit Count
Low Income Housing Tax Credit 475
Public Housing 350
Section 8 Project-Based Rental Assistance 235
Section 202 Supportive Housing for the Elderly 35
Section 811 Supportive Housing for Persons with Disabilities 41
Tracked Units by Federal Program in Quincy, Illinois

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

Income Based Apartments in Quincy, Illinois

Quincy features 851 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 Quincy, Illinois

There are 284 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Quincy.

Housing Choice Vouchers in Quincy, Illinois

On average, Section 8 Housing Choice vouchers pay Quincy landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Quincy.

The maximum amount a voucher would pay on behalf of a low-income tenant in Quincy, Illinois for a two-bedroom apartment is between $788 and $963.

Sourced from federal housing data and AffordableHousingOnline.com research.