What HUD offices serve Elk Grove Village, 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 Elk Grove Village.
How many renters live in Elk Grove Village, Illinois?
The City of Elk Grove Village has 32,498 people living in 12,691 households.
There are 7,954 renters living in 3,217 renter households in this City. Renters make up 24.48 percent of the population living in Elk Grove Village.
What is the rental market like in Elk Grove Village, Illinois?
There are an estimated 13,336 housing units in the Elk Grove Village area. Of these, 3,457 units are rental homes, making up 26 percent of the housing market. For every renter household in Elk Grove Village, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Elk Grove Village?
The rental vacancy rate in Elk Grove Village is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Elk Grove Village for each bedroom size?
Occupied Rental Units by Size in Elk Grove Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 157 | 1,087 | 1,314 | 505 | 147 |
Occupied Rental Units by Size in Elk Grove Village
A large number of apartments in Elk Grove Village 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 Elk Grove Village are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 21 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 Elk Grove Village
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 Elk Grove Village, Illinois
How many units are rented at Fair Market Rent (FMR) in Elk Grove Village?
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 | 133 | 85 percent |
| One BR | 869 | 80 percent |
| Two BR | 314 | 24 percent |
Rental Units Below FMR in Elk Grove Village, Illinois
How many affordable rental units are in Elk Grove Village?
There are a variety of federal affordable housing programs serving households in Elk Grove Village, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 80 |
| Section 8 Project-Based Rental Assistance | 2 |
Tracked Units by Federal Program in Elk Grove Village, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elk Grove Village, Illinois
Elk Grove Village features 0 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 Elk Grove Village, Illinois
There are 194 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elk Grove Village.
Housing Choice Vouchers in Elk Grove Village, Illinois
On average, Section 8 Housing Choice vouchers pay Elk Grove Village landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Elk Grove Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elk Grove Village, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
