Low Income Apartments and Affordable Housing For Rent in Elburn, IL

Discover affordable housing in Elburn where there are 1+ 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.

Meadows I Apartments

318 Dempsey St, Elburn, Illinois 60119

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Elburn, Illinois
$32.46/hour
$18.46 (+132%) more than Illinois minimum wage and $25.21 (+348%) more than the Federal minimum wage.
Learn More About Elburn, Illinois Affordable Housing ↓

What HUD offices serve Elburn, 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.

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

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

How many renters live in Elburn, Illinois?

The City of Elburn has 5,958 people living in 2,122 households.

There are 396 renters living in 192 renter households in this City. Renters make up 6.65 percent of the population living in Elburn.

What is the rental market like in Elburn, Illinois?

There are an estimated 2,340 housing units in the Elburn area. Of these, 304 units are rental homes, making up 13 percent of the housing market. For every renter household in Elburn, Illinois, there are 2 rental units.

What is the vacancy rate for rentals in Elburn?

The rental vacancy rate in Elburn is 37 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 Elburn for each bedroom size?

Occupied Rental Units by Size in Elburn
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 26 81 85 0
Occupied Rental Units by Size in Elburn

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

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

Among renter households in this market, 47 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

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

How Much Is Rent in Elburn

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,399
One BR $1,507
Two BR $1,714
Three BR $2,182
Four BR $2,583
2024 Fair Market Rents in Elburn, Illinois

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

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
One BR 26 100 percent
Two BR 61 75 percent
Rental Units Below FMR in Elburn, Illinois

How many affordable rental units are in Elburn?

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

Federal Program Unit Count
Low Income Housing Tax Credit 52
Tracked Units by Federal Program in Elburn, Illinois

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

Income Based Apartments in Elburn, Illinois

Elburn 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 Elburn, Illinois

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elburn.

Housing Choice Vouchers in Elburn, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elburn, Illinois for a two-bedroom apartment is between $1,543 and $1,885.

Sourced from federal housing data and AffordableHousingOnline.com research.