Low Income Apartments and Affordable Housing For Rent in Lake County, IL

Discover affordable housing in Lake County where there are 76+ 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.

Lilac Senior Apartments

3 Lilac Ave, Fox Lake, Illinois 60020

Kings Court Apartments

2801N W Grandville Ave, Waukegan, Illinois 60085

Cinnamon Lake Towers

2701 Glen Flora Avenue, Waukegan, Illinois 60085

Zion Senior Cottages

1005 Prestwick Dr, Zion, Illinois 60099

Rosewood Apartments

216 W Forest Ave, Round Lake, Illinois 60073

Brookhaven Apartments

150 Greenhaven Ln, Gurnee, Illinois 60031

Lakewood Village

125 Glen Street, Grayslake, Illinois 60030

Highland Park / Ravinia

400 Central Ave, Highland Park, Illinois 60035

Fairhaven Crossing

407 E Hawley St, Mundelein, Illinois 60060

Ravinia Housing

755 Pleasant Ave, Highland Park, Illinois 60035

Hickory Manor Apartments

4160 Continental Dr, Waukegan, Illinois 60087

Fountain Square Senior Apartments

3690 S Casimir Pulaski Drive, Waukegan, Illinois 60085

Prairie View Apartments

1 Prairie View Ct, North Chicago, Illinois 60064

Village Park Apartment Homes

2520 Village Park Dr, Waukegan, Illinois 60087

Lakewood Village

4113 Beech St, Island Lake, Illinois 60042

Carmel House

2815 Elisha Ave, Zion, Illinois 60099

Lakeland Apartments

45 Ernest Ave, Fox Lake, Illinois 60020

Oakridge Village

299 Oakridge Ct, Antioch, Illinois 60002

Walnut Place

654 Walnut St, Highland Park, Illinois 60035

Assisi Homes of Gurnee

3595 Grand Ave, Gurnee, Illinois 60031

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake County, 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 Lake County, Illinois Affordable Housing ↓

What HUD offices serve Lake County, 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, Family Self-Sufficiency programs for Lake County, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lake County, Illinois.

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

How many renters live in Lake County, Illinois?

The County of Lake County has 709,150 people living in 260,861 households.

There are 163,862 renters living in 68,684 renter households in this County. Renters make up 23.11 percent of the population living in Lake County.

What is the rental market like in Lake County, Illinois?

There are an estimated 270,662 housing units in the Lake County area. Of these, 71,112 units are rental homes, making up 26 percent of the housing market. For every renter household in Lake County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Lake County?

The rental vacancy rate in Lake County is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lake County for each bedroom size?

Occupied Rental Units by Size in Lake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,558 18,731 26,625 15,265 4,626
Occupied Rental Units by Size in Lake County

A large number of apartments in Lake County 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 Lake County are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 23 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 Lake County

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 Lake County, Illinois

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

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
Studio 1,860 73 percent
One BR 13,479 72 percent
Two BR 15,096 57 percent
Rental Units Below FMR in Lake County, Illinois

How many affordable rental units are in Lake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 5,389
Public Housing 885
Section 8 Project-Based Rental Assistance 3,120
Section 202 Supportive Housing for the Elderly 60
Section 811 Supportive Housing for Persons with Disabilities 41
Tracked Units by Federal Program in Lake County, Illinois

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

Income Based Apartments in Lake County, Illinois

Lake County features 4,442 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 Lake County, Illinois

There are 2,814 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Illinois

On average, Section 8 Housing Choice vouchers pay Lake County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Lake County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.