; Low Income Apartments For Rent in Mount Carmel, IL

Apply to Mount Carmel Apartment Waiting Lists

Mt Carmel Meadows

1230 N Walnut St
Mount Carmel, Illinois
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
Call For Rent
1-2 BR

Oak Park Apartments

125 N Divison
Mount Carmel, Illinois
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
Call For Rent
1-2 BR

The Oaks Mt Carmel

203 N Division St
Mount Carmel, Illinois
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Towers Heights

330 W 10th St
Mount Carmel, Illinois
Subsidized
Public Housing
Showing Results 1-15
  • «
  • 1
  • »

There are 0 low-income apartments in Mount Carmel that offer reduced rents to eligible households.

Rental assistance programs support 261 low-income homes in Mount Carmel where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Mount Carmel, 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.

Housing Authority Programs
Housing Authority of the County of Wabash Il. Public Housing
Menard County Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV)
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Mount Carmel.

Mount Carmel, Illinois Affordable Housing Data

Income Based Apartments in Mount Carmel, Illinois

Mount Carmel features 261 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 Mount Carmel, Illinois

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

Housing Choice Vouchers in Mount Carmel, Illinois

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

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

2024 Mount Carmel, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Mount Carmel, Illinois Fair Market Rent $547 $614 $807 $1,122 $1,126
Mount Carmel, Illinois Payment Standard Range $492 to $602 $553 to $675 $726 to $888 $1,010 to $1,234 $1,013 to $1,239

Sourced from federal housing data and AffordableHousingOnline.com research.

Mount Carmel, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 261
Total Housing Units with Rental Assistance 261
Percentage of Housing Units Occupied By Renters 33.04%
Average Renter Household Size 1.97
Average Household Size 2.31
Median Household Income $40,616 ±$5,364
Median Rent $557 ±$65
Percentage Of Renters Overburdened 32% ± 9.36pp
Total Population 7,098

Population and Household Demographics

Mount Carmel is a city in Wabash County, Illinois with a population of 7,098. There are 3,036 households in the city with an average household size of 2.31 persons. 33.04% of households in Mount Carmel are renters.

Income and Rent Overburden in Mount Carmel

The median gross income for households in Mount Carmel is $40,616 a year, or $3,385 a month. The median rent for the city is $557 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Carmel, a household making less than $1,857 a month would be considered overburdened when renting an apartment at or above the median rent. 32% of households who rent are overburdened in Mount Carmel.

Area Median Income In Mount Carmel

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Mount Carmel, the AMI is calculated from all households within Wabash County.

In Mount Carmel, HUD calculates the Area Median Income for a family of four as $82,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Mount Carmel

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Mount Carmel

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Mount Carmel AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,350 $19,800 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Mount Carmel AMI may qualify for rental assistance programs that target Very Low Income households.
$28,900 $33,000 $37,150 $41,250 $44,550 $47,850 $51,150 $54,450
80% AMI Income Limits
Renters earning up to 80% of the Mount Carmel AMI may qualify for rental assistance programs that target Low Income households.
$46,200 $52,800 $59,400 $66,000 $71,300 $76,600 $81,850 $87,150