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

Discover affordable housing in Chicago where there are 750+ 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.

Lathrop Homes

2000 W. Diversey Ave., Chicago, Illinois 60647

Northpoint Apartments

7717 North Paulina, Chicago, Illinois 60626

Clarendon Courts Apartments

4500 N Clarendon Ave, Chicago, Illinois 60640

El Zocalo

4651 South Spaulding Avenue, Chicago, Illinois 60632

Victory Centre of Galewood

2370 N Newcastle Ave, Chicago, Illinois 60707

Margot And Harold Schiff Residences

1244 N Clybourn Ave, Chicago, Illinois 60610

Riverside Village

13215 S Indiana Ave, Chicago, Illinois 60827

Continental Plaza Apartments

1330 W 78th St, Chicago, Illinois 60620

Westhaven Park

110 N. Wood street, Chicago, Illinois 60612

Woodlawn Center South

6230 S. Cottage Grove , Chicago, Illinois 60637

Harold Washington Apartments

4946 N Sheridan Rd, Chicago, Illinois 60640

Sangamon Terrace

6145 S Sangamon Street, Chicago, Illinois 60621

Roseland Place Senior Apartments

10426 S Michigan Ave, Chicago, Illinois 60628

Hope Manor Village II

6002 S Halsted, Chicago, Illinois 60621

Anathoth Gardens

34 N Keeler Ave, Chicago, Illinois 60624

Martin Luther King Jr. Plaza Apartments

3220 W Madison St, Chicago, Illinois 60624

Haven Towers

7947 S South Chicago Ave, Chicago, Illinois 60617

Dr Lucy Lang Chappell Housing

3222 W Maypole Ave, Chicago, Illinois 60624

Bethel Terrace

900 W 63rd Pkwy, Chicago, Illinois 60621

Bethel Pace Center

4349 W Washington Blvd, Chicago, Illinois 60624

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

What HUD offices serve Chicago, 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, Moving to Work, Rental Assistance Demonstration (RAD) programs for Chicago, Illinois.

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

How many renters live in Chicago, Illinois?

The City of Chicago has 2,665,064 people living in 1,159,424 households.

There are 1,247,263 renters living in 629,026 renter households in this City. Renters make up 46.8 percent of the population living in Chicago.

What is the rental market like in Chicago, Illinois?

There are an estimated 1,262,463 housing units in the Chicago area. Of these, 660,609 units are rental homes, making up 52 percent of the housing market. For every renter household in Chicago, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Chicago?

The rental vacancy rate in Chicago is 4 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 Chicago for each bedroom size?

Occupied Rental Units by Size in Chicago
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
77,535 189,288 223,988 114,104 17,742
Occupied Rental Units by Size in Chicago

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

Among renter households in this market, 49 percent have housing cost burden. Further, 27 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 Chicago

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 Chicago, Illinois

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

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 51,455 66 percent
One BR 123,515 65 percent
Two BR 124,096 55 percent
Rental Units Below FMR in Chicago, Illinois

How many affordable rental units are in Chicago?

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

Federal Program Unit Count
Low Income Housing Tax Credit 44,484
Public Housing 14,377
Section 8 Project-Based Rental Assistance 27,441
Mod Rehab Project-Based Rental Assistance 409
Section 236 Rental Assistance 217
Section 202 Supportive Housing for the Elderly 2,507
Section 811 Supportive Housing for Persons with Disabilities 488
Tracked Units by Federal Program in Chicago, Illinois

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

Income Based Apartments in Chicago, Illinois

Chicago features 55,616 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 Chicago, Illinois

There are 28,226 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chicago.

Housing Choice Vouchers in Chicago, Illinois

On average, Section 8 Housing Choice vouchers pay Chicago landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Chicago.

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

Sourced from federal housing data and AffordableHousingOnline.com research.