How many renters live in Kane County, Illinois?
The County of Kane County has people living in households.
There are renters living in renter households in this County. Renters make up 22.1 percent of the population living in Kane County.
What is the rental market like in Kane County, Illinois?
There are an estimated housing units in the Kane County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Kane County, Illinois, there are 1.04 rental units.
What is the vacancy rate for rentals in Kane County?
The rental vacancy rate in Kane County 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 Kane County for each bedroom size?
Occupied Rental Units by Size in Kane County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2,995 | 11,763 | 18,339 | 8,307 | 3,365 |
Occupied Rental Units by Size in Kane County
A large number of apartments in Kane County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Kane County
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 Kane County, Illinois
How many units are rented at Fair Market Rent (FMR) in Kane County?
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 | 2,112 | 71 percent |
| One BR | 9,103 | 77 percent |
| Two BR | 11,311 | 62 percent |
Rental Units Below FMR in Kane County, Illinois
How many affordable rental units are in Kane County?
There are a variety of federal affordable housing programs serving households in Kane County, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Kane County, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Kane County, Illinois
Kane County features 964 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 Kane County, Illinois
There are 663 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kane County.
Housing Choice Vouchers in Kane County, Illinois
On average, Section 8 Housing Choice vouchers pay Kane County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Kane County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kane County, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.