Low Income Apartments and Affordable Housing For Rent in Yates City, IL

Discover affordable housing in Yates City 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.

Yates City Apts C/O Steve Haun

606 South Burson St., Yates City, Illinois

calendar_today Opened: Dec 1
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Yates City, Illinois
$15.28/hour
$1.28 (+9%) more than Illinois minimum wage and $8.03 (+111%) more than the Federal minimum wage.
Learn More About Yates City, Illinois Affordable Housing ↓

What HUD offices serve Yates City, 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 Yates City, Illinois.

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

How many renters live in Yates City, Illinois?

The City of Yates City has 707 people living in 315 households.

There are 187 renters living in 77 renter households in this City. Renters make up 26.45 percent of the population living in Yates City.

What is the rental market like in Yates City, Illinois?

There are an estimated 336 housing units in the Yates City area. Of these, 77 units are rental homes, making up 23 percent of the housing market. For every renter household in Yates City, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Yates City?

The rental vacancy rate in Yates City 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 Yates City for each bedroom size?

Occupied Rental Units by Size in Yates City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 12 18 24 2
Occupied Rental Units by Size in Yates City

A large number of apartments in Yates City 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 Yates City are overburdened by housing costs?

Among renter households in this market, 47 percent have housing cost burden. Further, 6 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 Yates City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $596 to $1,075. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $596
One BR $614
Two BR $807
Three BR $1,055
Four BR $1,075
2024 Fair Market Rents in Yates City, Illinois

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

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 8 38 percent
One BR 7 58 percent
Two BR 7 39 percent
Rental Units Below FMR in Yates City, Illinois

How many affordable rental units are in Yates City?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 2
Tracked Units by Federal Program in Yates City, Illinois

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

Income Based Apartments in Yates City, Illinois

Yates City features 2 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 Yates City, Illinois

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

Housing Choice Vouchers in Yates City, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.