Affordable Housing In Chicago
Cook County, Illinois

751 Low Income Apartment Communities In Chicago

Minnie Riperton Apartments

4250 S Princeton Ave
Chicago, IL
Call For Rent
1 BR
55+

Mary Jane Richardson-Jones Apartments

4930 S Langley Ave
Chicago, IL
Call For Rent
Studio-1 BR
62+

Ada S Dennison-McKinley Apartments

661 E 69th St
Chicago, IL
Call For Rent
1 BR
62+

Kenneth Campbell Apartments

6360 S Minerva Ave
Chicago, IL
Call For Rent
Studio-1 BR
62+

Judge Green Apartments

4030 S Lake Park Ave
Chicago, IL
Call For Rent
Studio-1 BR

Judge Slater Apartments

740 E 43rd St
Chicago, IL
Call For Rent
2 BR

Maudelle Brown Bousfield Apartments

4949 S Cottage Grove Ave
Chicago, IL
Call For Rent
1 BR
62+

Renaissance North

551 W North Ave
Chicago, IL
Call For Rent
1-3 BR

Domain Lofts

900 N Kingsbury St
Chicago, IL
Call For Rent
1-3 BR

Lake Park Crescent

1061 E 41st Pl
Chicago, IL
Call For Rent
1-3 BR

Housing Authorities that serve Chicago

Housing Authority Programs
Chicago Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work; Rental Assistance Demonstration (RAD)

Other Housing Authorities located in Chicago

Housing Authority Programs
Housing Authority of Cook County Section 8 Housing Choice Voucher (HCV); Public Housing
Habitat Property Management Corp Public Housing
Illinois Housing Development Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Chicago, Illinois

There are 751 low income housing apartment communities offering 87,560 affordable apartments for rent in Chicago, Illinois. Chicago features 57,521 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 29,701 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chicago.

Sourced from federal housing data and AffordableHousingOnline.com research.

Chicago, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 751
Total Low Income Apartments 87,560
Total Housing Units with Rental Assistance 57,521
Percentage of Housing Units Occupied By Renters 55.71%
Average Renter Household Size 2.41
Average Household Size 2.57
Median Household Income $48,522 ±$405
Median Rent $965 ±$4
Percentage Of Renters Overburdened 49.18% ± 0.56pp
Total Population 2,717,534

Population and Household Demographics

Chicago is a City in Cook County, Illinois with a population of 2,717,534. There are 1,035,436 households in the city with an average household size of 2.57 persons. 55.71% of households in Chicago are renters.

Income and Rent Overburden in Chicago

The median gross income for households in Chicago is $48,522 a year, or $4,044 a month. The median rent for the city is $965 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chicago, a household making less than $3,217 a month would be considered overburdened when renting an apartment at or above the median rent. 49.18% of households who rent are overburdened in Chicago.1

Area Median Income In Chicago

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Chicago, the AMI is calculated from all households within Cook County.

In Chicago, HUD calculates the Area Median Income for a family of four as $89,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Chicago

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Chicago HUD Rental Assistance in Chicago

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,170 $34,590 $39,010 $43,430
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% of Median $49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150
Low Income Housing Tax Credits in Chicago

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2009, 315 low income apartment communities containing 32,285 rental apartments have been constructed and made affordable to low income persons in Chicago by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Chicago

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
60% of Median $37,440 $42,780 $48,120 $53,460 $57,780 $62,040 $66,300 $70,620

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Chicago is $48,120 a year, or $4,010 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,010 by 30% to get a maximum rent of $1,203 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $780 $836 $1,003 $1,159 $1,293 $1,426
60% $936 $1,003 $1,203 $1,391 $1,551 $1,712
Fair Market Rents in Chicago

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$956 $1,076 $1,248 $1,585 $1,888