; Low Income Apartments For Rent in Savanna, IL

Apply to Savanna Apartment Waiting Lists

Pinnacle Place

1125 N 5th St
Savanna, Illinois
Rent Assisted

Mest Manor

525 3rd St
Savanna, Illinois
Public Housing
Showing Results 1-15
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There are 21 low-income apartments in Savanna that offer reduced rents to eligible households.

Rental assistance programs support 90 low-income homes in Savanna where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Savanna, 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.

Housing Authority Programs
Carroll County Housing Authority Public Housing
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Savanna.

Savanna, Illinois Affordable Housing Data

Income Based Apartments in Savanna, Illinois

Savanna features 90 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 Savanna, Illinois

There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Savanna.

Housing Choice Vouchers in Savanna, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Savanna, Illinois for a two-bedroom apartment is between $697 and $851.

2023 Savanna, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Savanna, Illinois Fair Market Rent $531 $611 $774 $942 $1,187
Savanna, Illinois Payment Standard Range $478 to $584 $550 to $672 $697 to $851 $848 to $1,036 $1,068 to $1,306

Sourced from federal housing data and AffordableHousingOnline.com research.

Savanna, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 111
Total Housing Units with Rental Assistance 90
Percentage of Housing Units Occupied By Renters 37.78%
Average Renter Household Size 2.11
Average Household Size 2.19
Median Household Income $33,203 ±$5,391
Median Rent $589 ±$52
Percentage Of Renters Overburdened 52.38% ± 16.34pp
Total Population 2,980

Population and Household Demographics

Savanna is a city in Carroll County, Illinois with a population of 2,980. There are 1,334 households in the city with an average household size of 2.19 persons. 37.78% of households in Savanna are renters.

Income and Rent Overburden in Savanna

The median gross income for households in Savanna is $33,203 a year, or $2,767 a month. The median rent for the city is $589 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Savanna, a household making less than $1,963 a month would be considered overburdened when renting an apartment at or above the median rent. 52.38% of households who rent are overburdened in Savanna.

Area Median Income In Savanna

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Savanna, the AMI is calculated from all households within Carroll County.

In Savanna, HUD calculates the Area Median Income for a family of four as $78,700

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 Savanna

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 HUD Rental Assistance in Savanna

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Savanna AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,950 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Savanna AMI may qualify for rental assistance programs that target Very Low Income households.
$28,250 $32,250 $36,300 $40,300 $43,550 $46,750 $50,000 $53,200
80% AMI Income Limits
Renters earning up to 80% of the Savanna AMI may qualify for rental assistance programs that target Low Income households.
$45,150 $51,600 $58,050 $64,500 $69,700 $74,850 $80,000 $85,150