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

Discover affordable housing in Watseka where there are 4+ 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.

Villa Ridge I

551 N Clarence Ave, Watseka, Illinois 60970

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Lakeview Senior Apartments

100 Lakeview Ct, Watseka, Illinois 60970

switch_access_shortcut Short Wait
accessibility Accessible

Villa Ridge II

600 N Clarence Ave, Watseka, Illinois 60970

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Lake View Senior Apartments

Lake View Dr, Watseka, Illinois 60970

How To Identify Affordable Housing in Watseka, 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 Watseka, Illinois
$15.40/hour
$1.40 (+10%) more than Illinois minimum wage and $8.15 (+112%) more than the Federal minimum wage.
Learn More About Watseka, Illinois Affordable Housing ↓

How many renters live in Watseka, Illinois?

The City of Watseka has people living in households.

There are renters living in renter households in this City. Renters make up 26.32 percent of the population living in Watseka.

What is the rental market like in Watseka, Illinois?

There are an estimated housing units in the Watseka area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Watseka, Illinois, there are 1.1 rental units.

What is the vacancy rate for rentals in Watseka?

The rental vacancy rate in Watseka is 9 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 Watseka for each bedroom size?

Occupied Rental Units by Size in Watseka
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 102 304 195 1
Occupied Rental Units by Size in Watseka

A large number of apartments in Watseka 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 Watseka

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $605 to $1,112. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $605
One BR $619
Two BR $813
Three BR $1,025
Four BR $1,112
2024 Fair Market Rents in Watseka, Illinois

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

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 0 100 percent
One BR 88 86 percent
Two BR 183 60 percent
Rental Units Below FMR in Watseka, Illinois

How many affordable rental units are in Watseka?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Watseka, Illinois

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

Income Based Apartments in Watseka, Illinois

Watseka features 42 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 Watseka, Illinois

There are 73 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watseka.

Housing Choice Vouchers in Watseka, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Watseka, Illinois for a two-bedroom apartment is between $732 and $894.

Sourced from federal housing data and AffordableHousingOnline.com research.

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