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

Discover affordable housing in Lynwood where there are 1+ 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.

Lynwood Senior Apartments

2502 Logan Ln, Lynwood, Illinois 60411

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lynwood, Illinois
$18.46 (+132%) more than Illinois minimum wage and $25.21 (+348%) more than the Federal minimum wage.
Learn More About Lynwood, Illinois Affordable Housing ↓

What HUD offices serve Lynwood, 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, Section 8 Project-Based Voucher (PBV) programs for Lynwood, Illinois.

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

How many renters live in Lynwood, Illinois?

The City of Lynwood has 9,087 people living in 3,282 households.

There are 1,693 renters living in 717 renter households in this City. Renters make up 18.63 percent of the population living in Lynwood.

What is the rental market like in Lynwood, Illinois?

There are an estimated 3,558 housing units in the Lynwood area. Of these, 790 units are rental homes, making up 22 percent of the housing market. For every renter household in Lynwood, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Lynwood?

The rental vacancy rate in Lynwood is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Lynwood for each bedroom size?

Occupied Rental Units by Size in Lynwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
104 191 87 335 0
Occupied Rental Units by Size in Lynwood

A large number of apartments in Lynwood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Lynwood are overburdened by housing costs?

Among renter households in this market, 52 percent have housing cost burden. Further, 38 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lynwood

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 Lynwood, Illinois

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

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 83 80 percent
One BR 191 100 percent
Two BR 87 100 percent
Rental Units Below FMR in Lynwood, Illinois

How many affordable rental units are in Lynwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 65
Tracked Units by Federal Program in Lynwood, Illinois

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

Income Based Apartments in Lynwood, Illinois

Lynwood features 0 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 Lynwood, Illinois

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lynwood.

Housing Choice Vouchers in Lynwood, Illinois

On average, Section 8 Housing Choice vouchers pay Lynwood landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Lynwood.

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

Sourced from federal housing data and AffordableHousingOnline.com research.