What HUD offices serve Rock Falls, 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.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Rock Falls.
How many renters live in Rock Falls, Illinois?
The City of Rock Falls has 8,904 people living in 3,969 households.
There are 3,109 renters living in 1,393 renter households in this City. Renters make up 34.92 percent of the population living in Rock Falls.
What is the rental market like in Rock Falls, Illinois?
There are an estimated 4,432 housing units in the Rock Falls area. Of these, 1,570 units are rental homes, making up 35 percent of the housing market. For every renter household in Rock Falls, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Rock Falls?
The rental vacancy rate in Rock Falls is 11 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 Rock Falls for each bedroom size?
Occupied Rental Units by Size in Rock Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 58 | 362 | 340 | 397 | 236 |
Occupied Rental Units by Size in Rock Falls
A large number of apartments in Rock Falls 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 Rock Falls are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 22 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 Rock Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $589 to $1,127. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $589 |
| One BR | $644 |
| Two BR | $846 |
| Three BR | $1,033 |
| Four BR | $1,127 |
2024 Fair Market Rents in Rock Falls, Illinois
How many units are rented at Fair Market Rent (FMR) in Rock Falls?
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 | 39 | 67 percent |
| One BR | 204 | 56 percent |
| Two BR | 196 | 58 percent |
Rental Units Below FMR in Rock Falls, Illinois
How many affordable rental units are in Rock Falls?
There are a variety of federal affordable housing programs serving households in Rock Falls, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 172 |
| Public Housing | 265 |
| Section 8 Project-Based Rental Assistance | 63 |
| USDA Section 515 Rural Rental Housing | 27 |
Tracked Units by Federal Program in Rock Falls, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rock Falls, Illinois
Rock Falls features 355 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 Rock Falls, Illinois
There are 153 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rock Falls.
Housing Choice Vouchers in Rock Falls, Illinois
On average, Section 8 Housing Choice vouchers pay Rock Falls landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Rock Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rock Falls, Illinois for a two-bedroom apartment is between $761 and $931.
Sourced from federal housing data and AffordableHousingOnline.com research.
