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

Discover affordable housing in Woodford 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.

Maple Lawn Apartments

700 N. Main St. Suite 174, Eureka, Illinois 61530

bed 1

Prairie Haven Apartments

601 W Monroe St, Metamora, Illinois 61548

Woodridge Apartments of Eureka

701-709 E. Bullock Street, Eureka, Illinois 61530

bed 1-2
elderly Senior

Prairieton Apts.

608 E Madison, Metamora, Illinois

Pleasant Valley

225 S Walnut St, Minonk, Illinois 61760

How To Identify Affordable Housing in Woodford County, 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.
calendar_today Opened: Apr 1
Open Until Further Notice
calendar_month

Reported On February 23rd, 2024 by Vanea Gardner

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

What HUD offices serve Woodford 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), Public Housing programs for Woodford County, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Woodford County, Illinois.

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

How many renters live in Woodford County, Illinois?

The County of Woodford County has people living in households.

There are renters living in renter households in this County. Renters make up 14.32 percent of the population living in Woodford County.

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

There are an estimated housing units in the Woodford County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Woodford County, Illinois, there are 1.07 rental units.

What is the vacancy rate for rentals in Woodford County?

The rental vacancy rate in Woodford County is 4 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 Woodford County for each bedroom size?

Occupied Rental Units by Size in Woodford County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
50 559 994 825 116
Occupied Rental Units by Size in Woodford County

A large number of apartments in Woodford County 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 Woodford County

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 Woodford County, Illinois

How many units are rented at Fair Market Rent (FMR) in Woodford 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 42 84 percent
One BR 316 57 percent
Two BR 602 61 percent
Rental Units Below FMR in Woodford County, Illinois

How many affordable rental units are in Woodford County?

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

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

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

Income Based Apartments in Woodford County, Illinois

Woodford County features 220 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 Woodford County, Illinois

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

Housing Choice Vouchers in Woodford County, Illinois

On average, Section 8 Housing Choice vouchers pay Woodford County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Woodford County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.