Low Income Apartments and Affordable Housing For Rent in Libertyville, IL

Discover affordable housing in Libertyville where there are 4+ 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.

Lambs Residence No. 2, Inc

14245 W Rockland Rd, Libertyville, Illinois 60048

switch_access_shortcut Short Wait
accessibility Accessible

Liberty Towers

120 E Cook Ave, Libertyville, Illinois 60048

payment Subsidized
accessibility Accessible

517 Broadway St

517 Broadway St, Libertyville, Illinois 60048

bed 3
payment $2000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

325 3rd St Unit 2

325 3rd St Unit 2, Libertyville, Illinois 60048

bed 3
payment $1990/mo.

How To Identify Affordable Housing in Libertyville, 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 Libertyville, 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 Libertyville, Illinois Affordable Housing ↓

What HUD offices serve Libertyville, 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 Libertyville, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Libertyville, Illinois.

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

How many renters live in Libertyville, Illinois?

The City of Libertyville has people living in households.

There are renters living in renter households in this City. Renters make up 12.34 percent of the population living in Libertyville.

What is the rental market like in Libertyville, Illinois?

There are an estimated housing units in the Libertyville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Libertyville, Illinois, there are 1.07 rental units.

What is the vacancy rate for rentals in Libertyville?

The rental vacancy rate in Libertyville is 6 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 Libertyville for each bedroom size?

Occupied Rental Units by Size in Libertyville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
25 492 619 250 37
Occupied Rental Units by Size in Libertyville

A large number of apartments in Libertyville 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 Libertyville

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 Libertyville, Illinois

How many units are rented at Fair Market Rent (FMR) in Libertyville?

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 0 100 percent
One BR 406 83 percent
Two BR 290 47 percent
Rental Units Below FMR in Libertyville, Illinois

How many affordable rental units are in Libertyville?

There are a variety of federal affordable housing programs serving households in Libertyville, Illinois including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Libertyville, Illinois

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

Income Based Apartments in Libertyville, Illinois

Libertyville features 126 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 Libertyville, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Libertyville.

Housing Choice Vouchers in Libertyville, Illinois

On average, Section 8 Housing Choice vouchers pay Libertyville landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Libertyville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Libertyville, 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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