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

Discover affordable housing in Ford County where there are 11+ 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.

Schoolhouse Apartments

200 N Melvin St, Gibson City, Illinois 60936

Meadow Village

601 N State St, Gibson City, Illinois 60936

Gibson Gardens

500 E 13th St, Gibson City, Illinois 60936

Gibson City Apartments

637 N State St, Gibson City, Illinois 60936

Parkview Dwellings

644 E Pells St, Paxton, Illinois 60957

Parkview Dwelling

642 E Pells St, Paxton, Illinois 60957

Scattered Sites

214 E 7th St, Gibson City, Illinois 60936

Paxton Village Apartments

311 Prospect Ave, Paxton, Illinois 60957

Olin Ostendorf Villa Apartments

555 E State St, Paxton, Illinois 60957

Franklin Street Apartments

656 W Franklin St, Paxton, Illinois 60957

Carlson Terrace

800 S High St, Paxton, Illinois 60957

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ford County, Illinois
$15.28/hour
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Ford County, Illinois Affordable Housing ↓

What HUD offices serve Ford 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Ford County, Illinois.

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

How many renters live in Ford County, Illinois?

The County of Ford County has 13,484 people living in 5,689 households.

There are 2,578 renters living in 1,350 renter households in this County. Renters make up 19.12 percent of the population living in Ford County.

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

There are an estimated 6,266 housing units in the Ford County area. Of these, 1,355 units are rental homes, making up 22 percent of the housing market. For every renter household in Ford County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Ford County?

The rental vacancy rate in Ford County is 0 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 Ford County for each bedroom size?

Occupied Rental Units by Size in Ford County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 342 532 339 98
Occupied Rental Units by Size in Ford County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 18 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 Ford County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $553
One BR $614
Two BR $807
Three BR $1,071
Four BR $1,075
2024 Fair Market Rents in Ford County, Illinois

How many units are rented at Fair Market Rent (FMR) in Ford 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
Studio 0 100 percent
One BR 266 78 percent
Two BR 331 62 percent
Rental Units Below FMR in Ford County, Illinois

How many affordable rental units are in Ford County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 98
Public Housing 60
Section 8 Project-Based Rental Assistance 55
USDA Section 515 Rural Rental Housing 89
Tracked Units by Federal Program in Ford County, Illinois

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

Income Based Apartments in Ford County, Illinois

Ford County features 243 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 Ford County, Illinois

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ford County.

Housing Choice Vouchers in Ford County, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ford County, Illinois for a two-bedroom apartment is between $726 and $888.

Sourced from federal housing data and AffordableHousingOnline.com research.