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

Discover affordable housing in Thompsonville where there are 2+ 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.

Quality Housing Llc Thompsonville Apartments

3753 Elimon St, Thompsonville, Illinois 62890

Country Aire Apartments

Route 3 2nd St, Thompsonville, Illinois 62890

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Thompsonville, 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 Thompsonville, Illinois Affordable Housing ↓

What HUD offices serve Thompsonville, 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 Thompsonville, Illinois.

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

How many renters live in Thompsonville, Illinois?

The City of Thompsonville has 544 people living in 243 households.

There are 173 renters living in 91 renter households in this City. Renters make up 31.8 percent of the population living in Thompsonville.

What is the rental market like in Thompsonville, Illinois?

There are an estimated 306 housing units in the Thompsonville area. Of these, 109 units are rental homes, making up 36 percent of the housing market. For every renter household in Thompsonville, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Thompsonville?

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

Occupied Rental Units by Size in Thompsonville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 2 33 56 0
Occupied Rental Units by Size in Thompsonville

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

Among renter households in this market, 25 percent have housing cost burden. Further, 19 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 Thompsonville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $547 to $1,127. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $547
One BR $614
Two BR $807
Three BR $1,018
Four BR $1,127
2024 Fair Market Rents in Thompsonville, Illinois

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

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
One BR 2 100 percent
Two BR 22 67 percent
Rental Units Below FMR in Thompsonville, Illinois

How many affordable rental units are in Thompsonville?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 7
USDA Section 515 Rural Rental Housing 22
Tracked Units by Federal Program in Thompsonville, Illinois

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

Income Based Apartments in Thompsonville, Illinois

Thompsonville features 22 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 Thompsonville, Illinois

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

Housing Choice Vouchers in Thompsonville, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.