; Low Income Apartments For Rent in Virginia, IL

Cass County Homes

651 South Morgan Street
Virginia, Illinois
Rent Assisted
LIHTC
Call For Rent
2-3 BR
Showing Results 1-15
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There are 20 low-income apartments in Virginia that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Virginia where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on December 18th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Virginia, 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 Cass County Public Housing
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Virginia.

Virginia, Illinois Affordable Housing Data

Income Based Apartments in Virginia, Illinois

Virginia features 0 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 Virginia, Illinois

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Virginia.

Housing Choice Vouchers in Virginia, Illinois

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

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

2024 Virginia, 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
Virginia, Illinois Fair Market Rent $553 $633 $807 $1,088 $1,315
Virginia, Illinois Payment Standard Range $498 to $608 $570 to $696 $726 to $888 $979 to $1,197 $1,184 to $1,447

Sourced from federal housing data and AffordableHousingOnline.com research.

Virginia, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 29.52%
Average Renter Household Size 2.12
Average Household Size 2.28
Median Household Income $46,375 ±$8,036
Median Rent $565 ±$30
Percentage Of Renters Overburdened 32.73% ± 13.61pp
Total Population 1,322

Population and Household Demographics

Virginia is a city in Cass County, Illinois with a population of 1,322. There are 559 households in the city with an average household size of 2.28 persons. 29.52% of households in Virginia are renters.

Income and Rent Overburden in Virginia

The median gross income for households in Virginia is $46,375 a year, or $3,865 a month. The median rent for the city is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Virginia, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 32.73% of households who rent are overburdened in Virginia.

Area Median Income In Virginia

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 Virginia, the AMI is calculated from all households within Cass County.

In Virginia, HUD calculates the Area Median Income for a family of four as $77,900

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 Virginia

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 Virginia

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 Virginia AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,900 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Virginia AMI may qualify for rental assistance programs that target Very Low Income households.
$28,150 $32,150 $36,150 $40,150 $43,400 $46,600 $49,800 $53,000
80% AMI Income Limits
Renters earning up to 80% of the Virginia AMI may qualify for rental assistance programs that target Low Income households.
$45,000 $51,400 $57,850 $64,250 $69,400 $74,550 $79,700 $84,850