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

Discover affordable housing in Springfield where there are 48+ 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.

1829 Martin Luther King

1829 S Martin Luther King Jr Dr, Springfield, Illinois 62703

1115 S 14th

1115 S 14th St, Springfield, Illinois 62703

1027 and 1027 1 2 N 4th

1027 N 4th St, Springfield, Illinois 62702

Sha - 02

2841 Stanton St, Springfield, Illinois 62703

Schnapp Apartments I

4890 W Jefferson, Springfield, Illinois 62707

1622 Loveland

1622 S Loveland Ave, Springfield, Illinois 62703

1201 S 12th

1201 S 12th St, Springfield, Illinois 62703

Sha - 04

1401 Winch Ln, Springfield, Illinois 62702

calendar_today Opened: Aug 26
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Springfield, Illinois
$20.27/hour
$6.27 (+45%) more than Illinois minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Springfield, Illinois Affordable Housing ↓

What HUD offices serve Springfield, 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, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Springfield, Illinois.

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

How many renters live in Springfield, Illinois?

The City of Springfield has 113,331 people living in 50,528 households.

There are 31,892 renters living in 16,399 renter households in this City. Renters make up 28.14 percent of the population living in Springfield.

What is the rental market like in Springfield, Illinois?

There are an estimated 56,849 housing units in the Springfield area. Of these, 21,276 units are rental homes, making up 37 percent of the housing market. For every renter household in Springfield, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Springfield?

The rental vacancy rate in Springfield is 10 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 Springfield for each bedroom size?

Occupied Rental Units by Size in Springfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
731 4,926 8,356 4,043 901
Occupied Rental Units by Size in Springfield

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

Among renter households in this market, 41 percent have housing cost burden. Further, 23 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 Springfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $873
Two BR $1,070
Three BR $1,421
Four BR $1,459
2024 Fair Market Rents in Springfield, Illinois

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

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 488 67 percent
One BR 3,351 68 percent
Two BR 5,604 67 percent
Rental Units Below FMR in Springfield, Illinois

How many affordable rental units are in Springfield?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,410
Public Housing 768
Section 8 Project-Based Rental Assistance 851
Section 202 Supportive Housing for the Elderly 61
Section 811 Supportive Housing for Persons with Disabilities 26
Tracked Units by Federal Program in Springfield, Illinois

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

Income Based Apartments in Springfield, Illinois

Springfield features 1,718 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 Springfield, Illinois

There are 1,266 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Springfield.

Housing Choice Vouchers in Springfield, Illinois

On average, Section 8 Housing Choice vouchers pay Springfield landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Springfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Springfield, Illinois for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.