Low Income Apartments and Affordable Housing For Rent in Wabash County, IL

Discover affordable housing in Wabash County where there are 5+ 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.

Oak Park Apartments

125 N Divison, Mount Carmel, Illinois 62863

Allendale Village Apartment

301 East Marshall Drive, Allendale, Illinois 62410

Mt Carmel Meadows

1230 N Walnut St, Mount Carmel, Illinois 62863

Towers Heights

330 W 10th St, Mount Carmel, Illinois 62863

The Oaks Mt Carmel

203 N Division St, Mount Carmel, Illinois 62863

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wabash County, Illinois
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Wabash County, Illinois Affordable Housing ↓

What HUD offices serve Wabash County, 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), Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Wabash County, Illinois.
Operates the Public Housing programs for Wabash County, Illinois.

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

How many renters live in Wabash County, Illinois?

The County of Wabash County has 11,321 people living in 4,778 households.

There are 2,191 renters living in 1,110 renter households in this County. Renters make up 19.35 percent of the population living in Wabash County.

What is the rental market like in Wabash County, Illinois?

There are an estimated 5,411 housing units in the Wabash County area. Of these, 1,124 units are rental homes, making up 21 percent of the housing market. For every renter household in Wabash County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Wabash County?

The rental vacancy rate in Wabash County is 1 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 Wabash County for each bedroom size?

Occupied Rental Units by Size in Wabash County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
47 347 434 233 38
Occupied Rental Units by Size in Wabash County

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

Among renter households in this market, 30 percent have housing cost burden. Further, 20 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 Wabash County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $547 to $1,126. 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 $1,122
Four BR $1,126
2024 Fair Market Rents in Wabash County, Illinois

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

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 43 91 percent
One BR 227 65 percent
Two BR 169 39 percent
Rental Units Below FMR in Wabash County, Illinois

How many affordable rental units are in Wabash County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 33
Public Housing 156
USDA Section 515 Rural Rental Housing 113
Tracked Units by Federal Program in Wabash County, Illinois

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

Income Based Apartments in Wabash County, Illinois

Wabash County features 269 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 Wabash County, Illinois

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

Housing Choice Vouchers in Wabash County, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.