Low Income Apartments and Affordable Housing For Rent in Quincy, IL (2024)

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Discover affordable housing in Quincy where there are 18+ 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.

Country Club Heights Apartments

740 Country Club Heights, Quincy, Illinois 62301

bed1-3

payment$420-610/mo.

accessibilityAccessible

Cedar Creek Crossing

2320 N 12th St, Quincy, Illinois 62305

Marion Corner Apartments

310 Walnut St, Quincy, Illinois 62321

109 N 8th St Unit 109 1/3 N 8th #6

109 N 8th St, Quincy, Illinois 62301

bed2

payment$550/mo.

836 Adams St

836 Adams St, Quincy, Illinois 62301

How To Identify Affordable Housing in Quincy, 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 InQuincy, Illinois

$16.57/hour

$2.57

(+18%) more thanIllinois minimum wage and

$9.32

(+129%) more than the Federal minimum wage.

Learn More About Quincy, Illinois AffordableHousing ↓

What HUD offices serve Quincy, Illinois?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Quincy Housing Authority

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Quincy, Illinois.

Housing Authority of Adams County

Operates the Public Housing programs for Quincy, Illinois.

Go to theIllinoisPublic Housing and Low-Income Apartments Waiting Lists page for openings near Quincy.

How many renters live in Quincy, Illinois?

The City of Quincy has 39,441people living in 17,373 households.

There are 11,282 renters living in6,086 renter households in thisCity. Renters make up 28.6percent of the population living in Quincy.

What is the rental market like in Quincy, Illinois?

There are an estimated 19,010 housing units in theQuincy area. Of these, 6,623 units are rentalhomes, making up 35 percent of the housing market. Forevery renter household in Quincy, Illinois, there are1 rental units.

What is the vacancy rate for rentals in Quincy?

The rental vacancy rate in Quincy is 7 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.

How many rental units are in Quincy for each bedroom size?

Occupied Rental Units by Size in Quincy

Studio	One-Bedroom	Two-Bedroom	Three-Bedroom	Four+ Bedrooms
420	1,924	2,449	1,053	150

Occupied Rental Units by Size in Quincy

A large number of apartments in Quincy have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How many renter households in Quincy are overburdened by housing costs?

Among renter households in this market, 40percent havehousing cost burden. Further, 19percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Quincy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $593 to $1,165. FMRs areupdated annually by HUD for every city and county nationwide.

Bed Size	2024 Fair Market Rents
Studio	$593
One BR	$666
Two BR	$875
Three BR	$1,137
Four BR	$1,165

2024 Fair Market Rents in Quincy, Illinois

How many units are rented at Fair Market Rent (FMR) in Quincy?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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	215	51 percent
One BR	1,052	55 percent
Two BR	1,148	47 percent

Rental Units Below FMR in Quincy, Illinois

How many affordable rental units are in Quincy?

There are a variety of federal affordable housing programs serving households inQuincy, Illinois including the following:

Federal Program	Unit Count
Low Income Housing Tax Credit	475
Public Housing	350
Section 8 Project-Based Rental Assistance	235
Section 202 Supportive Housing for the Elderly	35
Section 811 Supportive Housing for Persons with Disabilities	41

Tracked Units by Federal Program in Quincy, Illinois

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Quincy, Illinois

Quincy features 851 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Quincy, Illinois

There are 284 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Quincy.

Housing Choice Vouchers in Quincy, Illinois

On average, Section 8 Housing Choice vouchers pay Quincy landlords$700 per month towards rent. The average voucher holdercontributes $300 towards rent inQuincy.

The maximum amount a voucher would pay on behalf of a low-income tenant in Quincy, Illinois fora two-bedroom apartment is between $788 and $963.

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

Preferences are not a requirement.

You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.

What Renters Say About Us

LMarie Murphy says:

"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"