Cheap Apartments In Lake County
Illinois


Waiting List Openings In Lake County

Waiting ListStatus
Lake County Housing Authority Public Housing Open Now

Low Income Apartments In Lake County

Gurnee Meadows

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

Carmel House

2815 Elisha Ave
Zion, IL
Subsidized

Lilac Ledge Apartments

542 Washington St
Waukegan, IL
Subsidized

Cinnamon Lake Towers

2725 W Glen Flora Ave
Waukegan, IL
Subsidized

Rosewood Apartments

216 W Forest Avenue
Round Lake, IL
Subsidized

Walnut Place

654 Walnut St
Highland Park, IL
Subsidized

Oakridge Village

299 Oakridge Ct
Antioch, IL
Subsidized

Waukegan Supportive Housing

2700 Sunset Ave
Waukegan, IL
Accessible
Disabled Supportive Housing
Subsidized

Cedar Village

310 N Milwaukee Ave
Lake Villa, IL
Subsidized

Ravinia Housing

755 Pleasant Ave
Highland Park, IL
Subsidized

There are 72 low income housing apartment complexes which contain 7,541 affordable apartments for rent in Lake County, Illinois. Many of these rental apartments are income based housing with about 4,509 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 3,032 Project-Based Section 8 subsidized apartments in Lake County. There are 4,485 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Lake County

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

Other Housing Authorities located in Lake County

Housing Authority Programs
Waukegan Housing Authority Section 8 Housing Choice Voucher; Public Housing
Housing Authority of the City of North Chicago Section 8 Housing Choice Voucher; Public Housing

Understanding Affordable Housing in Lake County, Illinois

Lake County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 72
Total Low Income Apartments 7,541
Total Rent Assisted Apartments 4,509
Percentage of Housing Units Occupied By Renters 25.84%
Average Renter Household Size 2.70
Total Population 702,898
Housing Units 242,426
Average Household Size 2.83
Median Household Income $78,026 ±$980
Median Rent $1,069 ±$15
Percentage Of Renters Overburdened 47.33% ± 1.59pp

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

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 1.59 percentage points.

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 $84,600

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 $17,800 $20,350 $22,900 $25,400 $29,420 $33,740 $38,060 $42,380
50% of Median $29,650 $33,850 $38,100 $42,300 $45,700 $49,100 $52,500 $55,850
80% of Median $47,400 $54,200 $60,950 $67,700 $73,150 $78,550 $83,950 $89,400

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

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, 33 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.

You can identify apartment communities that participate in the program in Lake County by looking for the tag in the apartment list above. View Apartments.

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 $29,650 $33,850 $38,100 $42,300 $45,700 $49,100 $52,500 $55,850
HERA 50% $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
60% of Median $35,580 $40,620 $45,720 $50,760 $54,840 $58,920 $63,000 $67,020
HERA 60% $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 $45,720 a year, or $3,810 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,810 by 30% to get a maximum rent of $1,143 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% $741 $794 $953 $1,100 $1,228 $1,354
60% $890 $953 $1,143 $1,320 $1,473 $1,625
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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$915 $1,044 $1,212 $1,542 $1,844

Cities In Lake County

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

City Listings Served By
Waukegan 21 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 4 The HUD funded Public Housing Agency that serves Highland Park is the Lake County Housing Authority.
North Chicago 7 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 10 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 1 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 1 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.