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Discover affordable housing in Peoria where there are 51+ 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
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
740 W Joan Ct, Peoria, Illinois 61614
706 N Shipman Street, Peoria, Illinois 61605
725 W Hurlburt St, Peoria, Illinois 61605
1913 W Townline Rd, Peoria, Illinois 61615
518 West Romeo B Garrett Avenue, Peoria, Illinois 61605
bedStudio-2
301 NE Jefferson Ave, Peoria, Illinois 61602
5533 N Galena Rd, Peoria, Illinois 61616
2110 S Oregon St, Peoria, Illinois 61605
5100 N War Memorial Dr, Peoria, Illinois 61615
415 W Sam Stone Ave, Peoria, Illinois 61605
3604 W Marengo Dr, Peoria, Illinois 61604
2914 W Scenic Dr, Peoria, Illinois 61615
915 S Helen St, Peoria, Illinois 61605
4407 N Wilco Dr, Peoria, Illinois 61615
3001 W Lake Ave, Peoria, Illinois 61615
How To Identify Affordable Housing in Peoria, 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. |
calendar_today Opened: Apr 15, 2019
Open Until Further Notice
touch_app Get the Application
Reported On February 23rd, 2024 byNathan Brunet
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Peoria, Illinois
$18.28/hour
(+31%) more than Illinois minimum wage and
$11.03(+152%) more than the Federal minimum wage.
Learn More About Peoria, Illinois Affordable Housing ↓
What HUD offices serve Peoria, 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.
Peoria Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Mainstream Voucher, Rental Assistance Demonstration (RAD), Homeownership, Non-Elderly Disabled (NED) Voucher programs for Peoria, Illinois.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Peoria.
How many renters live in Peoria, Illinois?
The City of Peoria has people living in households.
There are renters living in renter households in this City. Renters make up 38.55 percent of the population living in Peoria.
What is the rental market like in Peoria, Illinois?
There are an estimated housing units in the Peoria area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Peoria, Illinois, there are 1.09 rental units.
What is the vacancy rate for rentals in Peoria?
The rental vacancy rate in Peoria is 7 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 Peoria for each bedroom size?
Occupied Rental Units by Size in Peoria
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,230 6,208 8,762 3,702 1,186 Occupied Rental Units by Size in Peoria
A large number of apartments in Peoria 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
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, Illinois
How many units are rented at Fair Market Rent (FMR) in Peoria?
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 | 471 | 38 percent |
| One BR | 3,496 | 56 percent |
| Two BR | 4,224 | 48 percent |
Rental Units Below FMR in Peoria, Illinois
How many affordable rental units are in Peoria?
There are a variety of federal affordable housing programs serving households in Peoria, 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 |
Tracked Units by Federal Program in Peoria, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Peoria, Illinois
Peoria features 2,504 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, Illinois
There are 1,769 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peoria.
Housing Choice Vouchers in Peoria, Illinois
On average, Section 8 Housing Choice vouchers pay Peoria landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Peoria.
The maximum amount a voucher would pay on behalf of a low-income tenant in Peoria, Illinois for a two-bedroom apartment is between $869 and $1,062.
Sourced from federal housing data and AffordableHousingOnline.com research.
Affordable Housing Tip
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.
What Renters Say About Us
Joana Warren says:
"Affordable Housing Online is a good place to see which Section 8 waiting lists are open."
