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

Discover affordable housing in Elgin where there are 16+ 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.

Buena Vista Townhomes

1285 Fleetwood Dr, Elgin, Illinois 60123

Buena Vista Towers

222 Locust St, Elgin, Illinois 60123

Westwind Tower Apartments

104 South State Street, Elgin, Illinois 60123

Buena Vista Apartments

1285 Fleetwood Dr, Elgin, Illinois 60123

Burnham Manor

1350 Fleetwood Dr, Elgin, Illinois 60123

Rivers Edge

2 Clifford Ct D, Elgin, Illinois 60123

Fox River Townhomes

2 Clifford Ct D, Elgin, Illinois 60123

1212 Larkin

1212 Larkin Ave., Elgin, Illinois 60123

Fox River Crossing Apartments

300 N State St, Elgin, Illinois 60123

Central Park Towers

120 S State St, Elgin, Illinois 60123

Fox River II Hr - 718

765 Fletcher Dr, Elgin, Illinois 60123

Fox River Horizon Senior Living Comm.

785 Fletcher Dr, Elgin, Illinois 60123

Center City Place

156 Division St, Elgin, Illinois 60120

Kane Cook Homes

458 Clark St, Elgin, Illinois 60123

Scattered Sites

320 Watch Ct, Elgin, Illinois 60123

Crystal Ball Townhomes

200 N Crystal St, Elgin, Illinois 60123

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

What HUD offices serve Elgin, 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 programs for Elgin, Illinois.

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

How many renters live in Elgin, Illinois?

The City of Elgin has 109,634 people living in 38,350 households.

There are 25,764 renters living in 9,574 renter households in this City. Renters make up 23.5 percent of the population living in Elgin.

What is the rental market like in Elgin, Illinois?

There are an estimated 39,728 housing units in the Elgin area. Of these, 11,586 units are rental homes, making up 29 percent of the housing market. For every renter household in Elgin, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Elgin?

The rental vacancy rate in Elgin is 3 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 Elgin for each bedroom size?

Occupied Rental Units by Size in Elgin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
861 2,547 4,223 2,641 722
Occupied Rental Units by Size in Elgin

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

Among renter households in this market, 56 percent have housing cost burden. Further, 26 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 Elgin

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 Elgin, Illinois

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

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 799 93 percent
One BR 2,406 94 percent
Two BR 3,298 78 percent
Rental Units Below FMR in Elgin, Illinois

How many affordable rental units are in Elgin?

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

Federal Program Unit Count
Low Income Housing Tax Credit 783
Section 8 Project-Based Rental Assistance 797
Section 811 Supportive Housing for Persons with Disabilities 15
Tracked Units by Federal Program in Elgin, Illinois

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

Income Based Apartments in Elgin, Illinois

Elgin features 763 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 Elgin, Illinois

There are 471 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elgin.

Housing Choice Vouchers in Elgin, Illinois

On average, Section 8 Housing Choice vouchers pay Elgin landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Elgin.

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

Sourced from federal housing data and AffordableHousingOnline.com research.