Affordable Housing In Lake County
Illinois

73 Low Income Apartment Communities In Lake County

Rosewood Apartments

216 W Forest Ave
Round Lake, IL
Call For Rent
1-3 BR
Subsidized

Highland Park/Ravinia Apartments

400 Central Ave
Highland Park, IL
Call For Rent
2-3 BR
HCV Welcome

Fairhaven Crossing

407 E Hawley St
Mundelein, IL
Call For Rent
1-3 BR

Lakewood Village

125 Glen St
Grayslake, IL
Call For Rent
1-3 BR

Zion Senior Cottages

1005 Prestwick Dr
Zion, IL
$508-900
1-2 BR
62+
HCV Welcome

Lilac Apartments

3 Lilac Ave
Fox Lake, IL
$913-1,088
1-2 BR
HCV Welcome

Cinnamon Lake Towers

2701 Glen Flora Avenue
Waukegan, IL
$775-975
Studio-2 BR
Subsidized

Hickory Manor Apartments

4160 Continental Dr
Waukegan, IL
Call For Rent
1-3 BR
Subsidized

Gurnee Meadows

1400 Pauly Dr
Gurnee, IL
$735-905
1-2 BR
55+
HCV Welcome

Kings Court Apartments

2801N W Grandville Ave
Waukegan, IL
$825-930
1-2 BR
HCV Welcome

Housing Authorities that serve Lake County

Housing Authority Programs
Lake County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency

Other Housing Authorities located in Lake County

Housing Authority Programs
Waukegan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher; Family Unification Program (FUP)
Housing Authority of the City of North Chicago Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lake County, Illinois

There are 73 low income housing apartment communities offering 7,292 affordable apartments for rent in Lake County, Illinois. Lake County features 4,652 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,640 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lake County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 73
Total Low Income Apartments 7,292
Total Housing Units with Rental Assistance 4,652
Percentage of Housing Units Occupied By Renters 25.84%
Average Renter Household Size 2.70
Average Household Size 2.83
Median Household Income $78,026 ±$980
Median Rent $1,069 ±$15
Percentage Of Renters Overburdened 47.33% ± 1.59pp
Total Population 702,898

Population and Household Demographics

Lake County is a County in Illinois with a population of 702,898. There are 242,426 households in the county with an average household size of 2.83 persons. 25.84% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $78,026 a year, or $6,502 a month. The median rent for the county is $1,069 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $3,563 a month would be considered overburdened when renting an apartment at or above the median rent. 47.33% of households who rent are overburdened in Lake County.1

Area Median Income In Lake County

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.

In Lake County, 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 Lake County

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 Lake County HUD Rental Assistance in Lake County

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
Low Income Housing Tax Credits in Lake County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2008, 28 low income apartment communities containing 3,911 rental apartments have been constructed and made affordable to low income persons in Lake County by the Low Income Housing Tax Credit Program.

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 Lake County

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 Lake County 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 Lake County

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

Cities In Lake County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Waukegan 19 The HUD funded Public Housing Agencies that serve Waukegan are the Waukegan Housing Authority and Lake County Housing Authority.
Zion 10 The HUD funded Public Housing Agency that serves Zion is the Lake County Housing Authority.
Highland Park 5 The HUD funded Public Housing Agency that serves Highland Park is the Lake County Housing Authority.
North Chicago 8 The HUD funded Public Housing Agencies that serve North Chicago are the Lake County Housing Authority and Housing Authority of the City of North Chicago.
Lake Zurich 1 The HUD funded Public Housing Agency that serves Lake Zurich is the Lake County Housing Authority.
Vernon Hills 1 The HUD funded Public Housing Agency that serves Vernon Hills is the Lake County Housing Authority.
Gurnee 9 The HUD funded Public Housing Agency that serves Gurnee is the Lake County Housing Authority.
Antioch 4 The HUD funded Public Housing Agency that serves Antioch is the Lake County Housing Authority.
Green Oaks 0 The HUD funded Public Housing Agency that serves Green Oaks is the Lake County Housing Authority.
Fox Lake 2 The HUD funded Public Housing Agency that serves Fox Lake is the Lake County Housing Authority.
Libertyville 3 The HUD funded Public Housing Agency that serves Libertyville is the Lake County Housing Authority.
Round Lake 1 The HUD funded Public Housing Agency that serves Round Lake is the Lake County Housing Authority.
Round Lake Beach 2 The HUD funded Public Housing Agency that serves Round Lake Beach is the Lake County Housing Authority.
Park City 0 The HUD funded Public Housing Agency that serves Park City is the Lake County Housing Authority.
Lake Bluff 0 The HUD funded Public Housing Agency that serves Lake Bluff is the Lake County Housing Authority.
Round Lake Park 0 The HUD funded Public Housing Agency that serves Round Lake Park is the Lake County Housing Authority.
Lincolnshire 0 The HUD funded Public Housing Agency that serves Lincolnshire is the Lake County Housing Authority.
Beach Park 0 The HUD funded Public Housing Agency that serves Beach Park is the Lake County Housing Authority.
Channel Lake 0 The HUD funded Public Housing Agency that serves Channel Lake is the Lake County Housing Authority.
Fox Lake Hills 0 The HUD funded Public Housing Agency that serves Fox Lake Hills is the Lake County Housing Authority.
Fox River Grove 0 The HUD funded Public Housing Agency that serves Fox River Grove is the Lake County Housing Authority.
Gages Lake 0 The HUD funded Public Housing Agency that serves Gages Lake is the Lake County Housing Authority.
Grayslake 2 The HUD funded Public Housing Agency that serves Grayslake is the Lake County Housing Authority.
Hawthorn Woods 0 The HUD funded Public Housing Agency that serves Hawthorn Woods is the Lake County Housing Authority.
Highwood 0 The HUD funded Public Housing Agency that serves Highwood is the Lake County Housing Authority.
Indian Creek 0 The HUD funded Public Housing Agency that serves Indian Creek is the Lake County Housing Authority.
Island Lake 1 The HUD funded Public Housing Agency that serves Island Lake is the Lake County Housing Authority.
Kildeer 0 The HUD funded Public Housing Agency that serves Kildeer is the Lake County Housing Authority.
Knollwood 0 The HUD funded Public Housing Agency that serves Knollwood is the Lake County Housing Authority.
Lake Barrington 0 The HUD funded Public Housing Agency that serves Lake Barrington is the Lake County Housing Authority.
Lake Forest 0 The HUD funded Public Housing Agency that serves Lake Forest is the Lake County Housing Authority.
Lakemoor 0 The HUD funded Public Housing Agency that serves Lakemoor is the Lake County Housing Authority.
Lake Villa 2 The HUD funded Public Housing Agency that serves Lake Villa is the Lake County Housing Authority.
Lindenhurst 0 The HUD funded Public Housing Agency that serves Lindenhurst is the Lake County Housing Authority.
Long Grove 0 The HUD funded Public Housing Agency that serves Long Grove is the Lake County Housing Authority.
Long Lake 0 The HUD funded Public Housing Agency that serves Long Lake is the Lake County Housing Authority.
Mettawa 0 The HUD funded Public Housing Agency that serves Mettawa is the Lake County Housing Authority.
Mundelein 2 The HUD funded Public Housing Agency that serves Mundelein is the Lake County Housing Authority.
North Barrington 0 The HUD funded Public Housing Agency that serves North Barrington is the Lake County Housing Authority.
Old Mill Creek 0 The HUD funded Public Housing Agency that serves Old Mill Creek is the Lake County Housing Authority.
Port Barrington 0 The HUD funded Public Housing Agency that serves Port Barrington is the Lake County Housing Authority.
Riverwoods 0 The HUD funded Public Housing Agency that serves Riverwoods is the Lake County Housing Authority.
Round Lake Heights 0 The HUD funded Public Housing Agency that serves Round Lake Heights is the Lake County Housing Authority.
Third Lake 0 The HUD funded Public Housing Agency that serves Third Lake is the Lake County Housing Authority.
Tower Lakes 0 The HUD funded Public Housing Agency that serves Tower Lakes is the Lake County Housing Authority.
Venetian Village 0 The HUD funded Public Housing Agency that serves Venetian Village is the Lake County Housing Authority.
Volo 0 The HUD funded Public Housing Agency that serves Volo is the Lake County Housing Authority.
Wauconda 1 The HUD funded Public Housing Agency that serves Wauconda is the Lake County Housing Authority.
Winthrop Harbor 0 The HUD funded Public Housing Agency that serves Winthrop Harbor is the Lake County Housing Authority.
Bannockburn 0 The HUD funded Public Housing Agency that serves Bannockburn is the Lake County Housing Authority.
Forest Lake 0 The HUD funded Public Housing Agency that serves Forest Lake is the Lake County Housing Authority.
Grandwood Park 0 The HUD funded Public Housing Agency that serves Grandwood Park is the Lake County Housing Authority.
Hainesville 0 The HUD funded Public Housing Agency that serves Hainesville is the Lake County Housing Authority.
Lake Catherine 0 The HUD funded Public Housing Agency that serves Lake Catherine is the Lake County Housing Authority.
Wadsworth 0 The HUD funded Public Housing Agency that serves Wadsworth is the Lake County Housing Authority.