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

Discover affordable housing in Lyons 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.

Riverwalk Senior Apartments

Joliet And Ogden Ave, Lyons, Illinois 60534

Lyons Senior Apartments

8323 44th St, Lyons, Illinois 60534

Home Stough Lyons

44 St and Riverside Ave, Lyons, Illinois 60534

Home - Community Support Services

7830 45th St, Lyons, Illinois 60534

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

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

What HUD offices serve Lyons, 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 Lyons, Illinois.

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

How many renters live in Lyons, Illinois?

The City of Lyons has people living in households.

There are renters living in renter households in this City. Renters make up 32.31 percent of the population living in Lyons.

What is the rental market like in Lyons, Illinois?

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

What is the vacancy rate for rentals in Lyons?

The rental vacancy rate in Lyons is 2 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 Lyons for each bedroom size?

Occupied Rental Units by Size in Lyons
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 465 710 228 18
Occupied Rental Units by Size in Lyons

A large number of apartments in Lyons 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 Lyons

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 Lyons, Illinois

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

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
One BR 465 100 percent
Two BR 641 90 percent
Rental Units Below FMR in Lyons, Illinois

How many affordable rental units are in Lyons?

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

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

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

Income Based Apartments in Lyons, Illinois

Lyons 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 Lyons, Illinois

There are 225 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyons.

Housing Choice Vouchers in Lyons, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.