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Discover affordable housing in Peoria County where there are 76+ 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.
926 Main Street, Peoria, Illinois 61602
bed1
1405 Bayberry Ct, Chillicothe, Illinois 61523
bed1-2
607 North Hightower Street, Peoria, Illinois 61605
bed1
312 S Merriman St, Peoria, Illinois 61605
6900 North Summershade Circle, Peoria, Illinois 61615
bed1-3
payment$1020-1830/mo.
2401 N Gale Ave, Peoria, Illinois 61604
bed1-2
230 Court St, Pekin, Illinois 61554
1208 N 2nd St, Chillicothe, Illinois 61523
1302 N Finney St, Chillicothe, Illinois 61523
1825 Vienna Ct, Pekin, Illinois 61554
1225 Florence Ave, Pekin, Illinois 61554
740 W Joan Ct, Peoria, Illinois 61614
3246 Vandever Ave, Pekin, Illinois 61554
706 N Shipman Street, Peoria, Illinois 61605
725 W Hurlburt St, Peoria, Illinois 61605
1913 W Townline Rd, Peoria, Illinois 61615
2315 Broadway St, Pekin, Illinois 61554
1304 N Bayberry Ct, Chillicothe, Illinois 61523
518 West Romeo B Garrett Avenue, Peoria, Illinois 61605
bedStudio-2
6th Street, Glasford, Illinois 61533
bed2
How To Identify Affordable Housing in Peoria 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_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Peoria County, Illinois
$18.28/hour
(+31%) more than Illinois minimum wage and
$11.03(+152%) more than the Federal minimum wage.
Learn More About Peoria County, Illinois Affordable Housing ↓
How many renters live in Peoria County, Illinois?
The County of Peoria County has people living in households.
There are renters living in renter households in this County. Renters make up 28.13 percent of the population living in Peoria County.
What is the rental market like in Peoria County, Illinois?
There are an estimated housing units in the Peoria County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Peoria County, Illinois, there are 1.07 rental units.
What is the vacancy rate for rentals in Peoria County?
The rental vacancy rate in Peoria County is 6 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 Peoria County for each bedroom size?
Occupied Rental Units by Size in Peoria County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 694 8,772 10,140 4,411 1,733 Occupied Rental Units by Size in Peoria County
A large number of apartments in Peoria 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 Peoria 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 Peoria County, Illinois
How many units are rented at Fair Market Rent (FMR) in Peoria 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 | 177 | 26 percent |
One BR | 5,944 | 68 percent |
Two BR | 4,366 | 43 percent |
Rental Units Below FMR in Peoria County, Illinois
How many affordable rental units are in Peoria County?
There are a variety of federal affordable housing programs serving households in Peoria County, Illinois including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | |
Public Housing | |
Section 8 Project-Based Rental Assistance | |
Section 202 Supportive Housing for the Elderly | |
Section 811 Supportive Housing for Persons with Disabilities | |
USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Peoria County, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Peoria County, Illinois
Peoria County features 3,735 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 Peoria County, Illinois
There are 2,041 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peoria County.
Housing Choice Vouchers in Peoria County, Illinois
On average, Section 8 Housing Choice vouchers pay Peoria County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Peoria County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Peoria County, Illinois for a two-bedroom apartment is between $869 and $1,062.
Sourced from federal housing data and AffordableHousingOnline.com research.
Affordable Housing Tip
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.
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