What HUD offices serve Crystal Lake, 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.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Crystal Lake.
How many renters live in Crystal Lake, Illinois?
The City of Crystal Lake has 40,463 people living in 14,774 households.
There are 7,340 renters living in 3,241 renter households in this City. Renters make up 18.14 percent of the population living in Crystal Lake.
What is the rental market like in Crystal Lake, Illinois?
There are an estimated 15,457 housing units in the Crystal Lake area. Of these, 3,460 units are rental homes, making up 22 percent of the housing market. For every renter household in Crystal Lake, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Crystal Lake?
The rental vacancy rate in Crystal Lake is 5 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 Crystal Lake for each bedroom size?
Occupied Rental Units by Size in Crystal Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 121 | 737 | 1,591 | 426 | 284 |
Occupied Rental Units by Size in Crystal Lake
A large number of apartments in Crystal Lake 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 Crystal Lake are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 24 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 Crystal Lake
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 Crystal Lake, Illinois
How many units are rented at Fair Market Rent (FMR) in Crystal Lake?
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 | 94 | 78 percent |
| One BR | 601 | 82 percent |
| Two BR | 1,088 | 68 percent |
Rental Units Below FMR in Crystal Lake, Illinois
How many affordable rental units are in Crystal Lake?
There are a variety of federal affordable housing programs serving households in Crystal Lake, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 60 |
| Public Housing | 2 |
| Section 8 Project-Based Rental Assistance | 185 |
| Section 202 Supportive Housing for the Elderly | 50 |
Tracked Units by Federal Program in Crystal Lake, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Crystal Lake, Illinois
Crystal Lake features 196 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 Crystal Lake, Illinois
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Crystal Lake.
Housing Choice Vouchers in Crystal Lake, Illinois
On average, Section 8 Housing Choice vouchers pay Crystal Lake landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Crystal Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Crystal Lake, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
