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Affordable Housing In Elgin
Cook County, Illinois

Elgin city limits extend into  and  Kane County.

Waiting List Openings In Elgin

Waiting ListStatus
Housing Authority of Cook County Housing Choice Voucher Open Now

14 Low Income Apartment Communities In Elgin

Central Park Towers

120 S State St
Elgin, Illinois

Fox River Horizon Senior Living Comm.

785 Fletcher Dr
Elgin, Illinois

Fox River II Hr - 718

765 Fletcher Dr
Elgin, Illinois

Scattered Sites

320 Watch Ct
Elgin, Illinois

Housing Authorities that serve Elgin

Housing Authority Programs
Housing Authority of Elgin Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Elgin, Illinois

There are 14 low income housing apartment communities offering 1,164 affordable apartments for rent in Elgin, Illinois.

Income Based Apartments in Elgin, Illinois

Elgin features 604 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 560 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 $1,169 and $1,429.

2021 Elgin, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $1,012 $1,122 $1,299 $1,649 $1,969
Payment Standard Range $911 to $1,113 $1,010 to $1,234 $1,169 to $1,429 $1,484 to $1,814 $1,772 to $2,166

Sourced from federal housing data and research.

Elgin, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 1,164
Total Housing Units with Rental Assistance 604
Percentage of Housing Units Occupied By Renters 33.59%
Average Renter Household Size 3.26
Average Household Size 3.14
Median Household Income $60,499 ±$2,765
Median Rent $981 ±$22
Percentage Of Renters Overburdened 51% ± 4.18pp
Total Population 112,105

Population and Household Demographics

Elgin is a city in Cook County, Illinois with a population of 112,105. There are 35,075 households in the city with an average household size of 3.14 persons. 33.59% of households in Elgin are renters.

Income and Rent Overburden in Elgin

The median gross income for households in Elgin is $60,499 a year, or $5,042 a month. The median rent for the city is $981 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elgin, a household making less than $3,270 a month would be considered overburdened when renting an apartment at or above the median rent. 51% of households who rent are overburdened in Elgin.

Area Median Income In Elgin

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 Elgin, the AMI is calculated from all households within Cook County.

In Elgin, HUD calculates the Area Median Income for a family of four as $91,000

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 Elgin

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 HUD Rental Assistance in Elgin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,150 $21,850 $24,600 $27,300 $30,680 $35,160 $39,640 $44,120
50% of Median $31,850 $36,400 $40,950 $45,500 $49,150 $52,800 $56,450 $60,100
80% of Median $51,000 $58,250 $65,550 $72,800 $78,650 $84,450 $90,300 $96,100