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

Discover affordable housing in Washburn 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.

Rosebud Manor

218 E. Chestnut St., Washburn, Illinois

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Washburn, Illinois

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Washburn, Illinois
$18.28/hour
$4.28 (+31%) more than Illinois minimum wage and $11.03 (+152%) more than the Federal minimum wage.
Learn More About Washburn, Illinois Affordable Housing ↓

How many renters live in Washburn, Illinois?

The City of Washburn has people living in households.

There are renters living in renter households in this City. Renters make up 21.12 percent of the population living in Washburn.

What is the rental market like in Washburn, Illinois?

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

What is the vacancy rate for rentals in Washburn?

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

Occupied Rental Units by Size in Washburn
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 62 10 20
Occupied Rental Units by Size in Washburn

A large number of apartments in Washburn 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 Washburn

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,293. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $756
Two BR $965
Three BR $1,258
Four BR $1,293
2024 Fair Market Rents in Washburn, Illinois

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

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 13 100 percent
Two BR 53 85 percent
Rental Units Below FMR in Washburn, Illinois

How many affordable rental units are in Washburn?

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

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

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

Income Based Apartments in Washburn, Illinois

Washburn features 10 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 Washburn, Illinois

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

Housing Choice Vouchers in Washburn, Illinois

On average, Section 8 Housing Choice vouchers pay Washburn landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Washburn.

The maximum amount a voucher would pay on behalf of a low-income tenant in Washburn, Illinois for a two-bedroom apartment is between $869 and $1,062.

Sourced from federal housing data and AffordableHousingOnline.com research.

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