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

Discover affordable housing in Sigel where there are 1+ 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.

Meadow View Sigel

100 Oak St., Sigel, Illinois

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sigel, Illinois
$15.85/hour
$1.85 (+13%) more than Illinois minimum wage and $8.60 (+119%) more than the Federal minimum wage.
Learn More About Sigel, Illinois Affordable Housing ↓

What HUD offices serve Sigel, 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 Sigel, Illinois.

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

How many renters live in Sigel, Illinois?

The City of Sigel has 469 people living in 144 households.

There are 82 renters living in 19 renter households in this City. Renters make up 17.48 percent of the population living in Sigel.

What is the rental market like in Sigel, Illinois?

There are an estimated 164 housing units in the Sigel area. Of these, 19 units are rental homes, making up 12 percent of the housing market. For every renter household in Sigel, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Sigel?

The rental vacancy rate in Sigel 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 Sigel for each bedroom size?

Occupied Rental Units by Size in Sigel
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 0 1 9 3
Occupied Rental Units by Size in Sigel

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

Among renter households in this market, 5 percent have housing cost burden. Further, 5 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 Sigel

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $574 to $1,189. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $574
One BR $637
Two BR $837
Three BR $1,012
Four BR $1,189
2024 Fair Market Rents in Sigel, Illinois

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

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 2 33 percent
Two BR 0 100 percent
Rental Units Below FMR in Sigel, Illinois

How many affordable rental units are in Sigel?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Sigel, Illinois

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

Income Based Apartments in Sigel, Illinois

Sigel features 16 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 Sigel, Illinois

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

Housing Choice Vouchers in Sigel, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sigel, Illinois for a two-bedroom apartment is between $753 and $921.

Sourced from federal housing data and AffordableHousingOnline.com research.