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

Discover affordable housing in Chatham where there are 3+ 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.

108 Circle Dr

108 Circle Dr, Chatham, Illinois 62629

bed 2
payment $1025/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

503 S Main St

503 S Main St, Chatham, Illinois 62629

bed 3
payment $1095/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Chatham Crossing

Oakbrook Estates, Chatham, Illinois 62629

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Chatham, 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_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chatham, Illinois
$20.27/hour
$6.27 (+45%) more than Illinois minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Chatham, Illinois Affordable Housing ↓

What HUD offices serve Chatham, 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, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Chatham, Illinois.

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

How many renters live in Chatham, Illinois?

The City of Chatham has people living in households.

There are renters living in renter households in this City. Renters make up 16.45 percent of the population living in Chatham.

What is the rental market like in Chatham, Illinois?

There are an estimated housing units in the Chatham area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Chatham, Illinois, there are 1.21 rental units.

What is the vacancy rate for rentals in Chatham?

The rental vacancy rate in Chatham is 17 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 Chatham for each bedroom size?

Occupied Rental Units by Size in Chatham
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 246 502 248 25
Occupied Rental Units by Size in Chatham

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

How Much Is Rent in Chatham

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $873
Two BR $1,070
Three BR $1,421
Four BR $1,459
2024 Fair Market Rents in Chatham, Illinois

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

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 0 100 percent
One BR 95 39 percent
Two BR 132 26 percent
Rental Units Below FMR in Chatham, Illinois

How many affordable rental units are in Chatham?

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

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

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

Income Based Apartments in Chatham, Illinois

Chatham 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 Chatham, Illinois

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chatham.

Housing Choice Vouchers in Chatham, Illinois

On average, Section 8 Housing Choice vouchers pay Chatham landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Chatham.

The maximum amount a voucher would pay on behalf of a low-income tenant in Chatham, Illinois for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.

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