Low Income Apartments and Affordable Housing For Rent in Lake County, IL

Discover affordable housing in Lake County where there are 164+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

117 Nippersink Rd

117 Nippersink Rd, Fox Lake, Illinois 60020

bed 1
payment $470/mo.

300 Marlene Ct

300 Marlene Ct, Wauconda, Illinois 60084

bed 2
payment $1400/mo.

965 Westmoreland Dr Unit 3

965 Westmoreland Dr Unit 3, Vernon Hills, Illinois 60061

bed 2
payment $1575/mo.

417 Beachview Dr

417 Beachview Dr, Round Lake Beach, Illinois 60073

bed 3
payment $1900/mo.

1011 18th St

1011 18th St, North Chicago, Illinois 60064

bed 3
payment $1600/mo.

2114 Enoch Ave

2114 Enoch Ave, Zion, Illinois 60099

bed 2
payment $990/mo.

909 Southside Ave

909 Southside Ave, Mchenry, Illinois 60051

bed 3
payment $2000/mo.

40521 N Fairview St

40521 N Fairview St, Antioch, Illinois 60002

bed 2
payment $1550/mo.

1490 Spring Brook Ct Unit 1F

1490 Spring Brook Ct Unit 1F, Round Lake Beach, Illinois 60073

bed 1
payment $1395/mo.

618 Oakwood Dr

618 Oakwood Dr, Round Lake Beach, Illinois 60073

bed 4
payment $1850/mo.

126 W Washington St

126 W Washington St, Round Lake, Illinois 60073

bed 2
payment $1300/mo.

800 N Lakeside Dr Unit 3C

800 N Lakeside Dr Unit 3C, Vernon Hills, Illinois 60061

bed 2
payment $1600/mo.

711 Porter St

711 Porter St, Waukegan, Illinois 60085

bed 2
payment $1200/mo.

30 Jefferson Ave

30 Jefferson Ave, Waukegan, Illinois 60085

bed 4
payment $2250/mo.

325 3rd St Unit 2

325 3rd St Unit 2, Libertyville, Illinois 60048

bed 3
payment $1990/mo.

1204 Tobin Ct

1204 Tobin Ct, Waukegan, Illinois 60085

bed 4
payment $2000/mo.

3723 Grand Ave Unit 4

3723 Grand Ave Unit 4, Mchenry, Illinois 60050

bed 2
payment $1500/mo.

3300 N Rocky Beach Rd

3300 N Rocky Beach Rd, Johnsburg, Illinois 60051

bed 3
payment $1800/mo.

163 N Greenleaf St Unit 163.3

163 N Greenleaf St Unit 163.3, Gurnee, Illinois 60031

bed Studio
payment $1275/mo.

607 N Poplar St Unit 4

607 N Poplar St Unit 4, Waukegan, Illinois 60085

bed 1
payment $900/mo.

How To Identify Affordable Housing in Lake County, Illinois

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake County, Illinois
$32.46/hour
$18.46 (+132%) more than Illinois minimum wage and $25.21 (+348%) more than the Federal minimum wage.
Learn More About Lake County, Illinois Affordable Housing ↓

What HUD offices serve Lake County, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency programs for Lake County, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lake County, Illinois.

Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Lake County.

How many renters live in Lake County, Illinois?

The County of Lake County has people living in households.

There are renters living in renter households in this County. Renters make up 23.11 percent of the population living in Lake County.

What is the rental market like in Lake County, Illinois?

There are an estimated housing units in the Lake County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake County, Illinois, there are 1.04 rental units.

What is the vacancy rate for rentals in Lake County?

The rental vacancy rate in Lake 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 Lake County for each bedroom size?

Occupied Rental Units by Size in Lake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,558 18,731 26,625 15,265 4,626
Occupied Rental Units by Size in Lake County

A large number of apartments in Lake 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 Lake 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 Lake County, Illinois

How many units are rented at Fair Market Rent (FMR) in Lake 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 1,860 73 percent
One BR 13,479 72 percent
Two BR 15,096 57 percent
Rental Units Below FMR in Lake County, Illinois

How many affordable rental units are in Lake County?

There are a variety of federal affordable housing programs serving households in Lake 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 Lake County, Illinois

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lake County, Illinois

Lake County features 4,442 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 Lake County, Illinois

There are 2,814 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Illinois

On average, Section 8 Housing Choice vouchers pay Lake County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Lake County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake County, Illinois for a two-bedroom apartment is between $1,543 and $1,885.

Sourced from federal housing data and AffordableHousingOnline.com research.

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