What HUD offices serve Urbana, 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 Urbana.
How many renters live in Urbana, Illinois?
The City of Urbana has people living in households.
There are renters living in renter households in this City. Renters make up 52.52 percent of the population living in Urbana.
What is the rental market like in Urbana, Illinois?
There are an estimated housing units in the Urbana area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Urbana, Illinois, there are 1.17 rental units.
What is the vacancy rate for rentals in Urbana?
The rental vacancy rate in Urbana 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 Urbana for each bedroom size?
Occupied Rental Units by Size in Urbana
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 647 | 3,202 | 4,583 | 1,146 | 1,309 |
Occupied Rental Units by Size in Urbana
A large number of apartments in Urbana have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Urbana
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $880 to $1,397. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $880 |
| One BR | $885 |
| Two BR | $1,049 |
| Three BR | $1,372 |
| Four BR | $1,397 |
2024 Fair Market Rents in Urbana, Illinois
How many units are rented at Fair Market Rent (FMR) in Urbana?
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 | 376 | 58 percent |
| One BR | 1,839 | 57 percent |
| Two BR | 3,003 | 66 percent |
Rental Units Below FMR in Urbana, Illinois
How many affordable rental units are in Urbana?
There are a variety of federal affordable housing programs serving households in Urbana, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Urbana, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Urbana, Illinois
Urbana features 565 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 Urbana, Illinois
There are 210 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Urbana.
Housing Choice Vouchers in Urbana, Illinois
On average, Section 8 Housing Choice vouchers pay Urbana landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Urbana.
The maximum amount a voucher would pay on behalf of a low-income tenant in Urbana, Illinois for a two-bedroom apartment is between $944 and $1,154.
Sourced from federal housing data and AffordableHousingOnline.com research.
