Affordable Housing In Crystal Lake
McHenry County, Illinois

3 Low Income Apartment Communities In Crystal Lake

Residences Of Crystal Lake

355 Station Dr
Crystal Lake, IL
Call For Rent
1-2 BR
62+
HCV Welcome

Crystal Terrace

192 Elmhurst Rd
Crystal Lake, IL
Subsidized

The Villager Briarwood

77 Williams
Crystal Lake, IL
Subsidized
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Housing Authorities that serve Crystal Lake

Housing Authority Programs
McHenry County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Crystal Lake, Illinois

According to federal housing data and AffordableHousingOnline.com research, there are 3 low income housing apartment communities offering 256 affordable apartments for rent in Crystal Lake, Illinois. Crystal Lake features 196 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 60 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Crystal Lake.

Crystal Lake, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 256
Total Housing Units with Rental Assistance 196
Percentage of Housing Units Occupied By Renters 24.24%
Average Renter Household Size 2.55
Average Household Size 2.79
Median Household Income $81,509 ±$3,813
Median Rent $1,138 ±$50
Percentage Of Renters Overburdened 42.94% ± 6.6pp
Total Population 40,635

Population and Household Demographics

Crystal Lake is a City in McHenry County, Illinois with a population of 40,635. There are 14,487 households in the city with an average household size of 2.79 persons. 24.24% of households in Crystal Lake are renters.

Income and Rent Overburden in Crystal Lake

The median gross income for households in Crystal Lake is $81,509 a year, or $6,792 a month. The median rent for the city is $1,138 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Crystal Lake, a household making less than $3,793 a month would be considered overburdened when renting an apartment at or above the median rent. 42.94% of households who rent are overburdened in Crystal Lake.1

Area Median Income In Crystal Lake

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 Crystal Lake, the AMI is calculated from all households within McHenry County.

In Crystal Lake, 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 Crystal Lake

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 Crystal Lake HUD Rental Assistance in Crystal Lake

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

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 Crystal Lake

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 Crystal Lake 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 Crystal Lake

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