Low Income Apartments For Rent in South Beloit, IL

Rental assistance programs support 21 low-income homes in South Beloit where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $317 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 South Beloit, 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
Winnebago County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

South Beloit, Illinois Affordable Housing Data

Income Based Apartments in South Beloit, Illinois

South Beloit features 21 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 South Beloit, Illinois

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Beloit.

Housing Choice Vouchers in South Beloit, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in South Beloit, Illinois for a two-bedroom apartment is between $928 and $1,134.

2024 South Beloit, 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
South Beloit, Illinois Fair Market Rent	$699	$785	$1,031	$1,380	$1,423
South Beloit, Illinois Payment Standard Range	$629 to $769	$707 to $864	$928 to $1,134	$1,242 to $1,518	$1,281 to $1,565

Sourced from federal housing data and AffordableHousingOnline.com research.

South Beloit, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 33

Total Housing Units with Rental Assistance 21

Percentage of Housing Units Occupied By Renters 25.66%

Average Renter Household Size 2.29

Average Household Size 2.77

Median Household Income $64,525 ±$6,187

Median Rent $682 ±$26

Percentage Of Renters Overburdened 55.3% ± 17.85pp

Total Population 8,131

Total Affordable Apartment Properties	2
Total Low Income Apartments	33
Total Housing Units with Rental Assistance	21
Percentage of Housing Units Occupied By Renters	25.66%
Average Renter Household Size	2.29
Average Household Size	2.77
Median Household Income	$64,525 ±$6,187
Median Rent	$682 ±$26
Percentage Of Renters Overburdened	55.3% ± 17.85pp
Total Population	8,131

Population and Household Demographics

South Beloit is a city in Winnebago County, Illinois with a population of 8,131. There are 2,903 households in the city with an average household size of 2.77 persons. 25.66% of households in South Beloit are renters.

Income and Rent Overburden in South Beloit

The median gross income for households in South Beloit is $64,525 a year, or $5,377 a month. The median rent for the city is $682 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Beloit, a household making less than $2,273 a month would be considered overburdened when renting an apartment at or above the median rent. 55.3% of households who rent are overburdened in South Beloit.

Area Median Income In South Beloit

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 South Beloit, the AMI is calculated from all households within Winnebago County.

In South Beloit, HUD calculates the Area Median Income for a family of four as $82,400

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 South Beloit

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 South Beloit

	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 South Beloit AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,300	$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 South Beloit AMI may qualify for rental assistance programs that target Very Low Income households.	$28,850	$33,000	$37,100	$41,200	$44,500	$47,800	$51,100	$54,400
80% AMI Income Limits Renters earning up to 80% of the South Beloit AMI may qualify for rental assistance programs that target Low Income households.	$46,150	$52,750	$59,350	$65,900	$71,200	$76,450	$81,750	$87,000