Affordable Housing In Maywood
Cook County, Illinois

6 Low Income Apartment Communities In Maywood

Garden House of Maywood

515 S 2nd Ave
Maywood, Illinois
Call For Rent
1 BR
Subsidized

Access West Cook

846 Bellwood Ave
Maywood, Illinois
Call For Rent
1-2 BR
Family & Senior

Maywood Phoenix Home

401 Green St
Maywood, Illinois
Subsidized
62+
Accessible
Elderly Supportive Housing

520 South Fifth Avenue

520 S 5th Ave
Maywood, Illinois
Accepts Vouchers

Home - Plccca Goodell Place Mfr

617 S 6th Ave
Maywood, Illinois
Accepts Vouchers

Home - Maywood Tpa Mfh

1705 11St St Charles Rd
Maywood, Illinois
Accepts Vouchers
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Housing Authorities that serve Maywood

Housing Authority Programs
Maywood Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Maywood, Illinois

There are 6 low income housing apartment communities offering 306 affordable apartments for rent in Maywood, Illinois.

Income Based Apartments in Maywood, Illinois

Maywood features 218 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 Maywood, Illinois

There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maywood.

Housing Choice Vouchers in Maywood, Illinois

On average, Section 8 Housing Choice vouchers pay Maywood landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Maywood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Maywood, Illinois for a two-bedroom apartment is between $1,123 and $1,373.

2020 Maywood, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $956 $1,076 $1,248 $1,585 $1,888
Payment Standard Range $860 to $1,052 $968 to $1,184 $1,123 to $1,373 $1,427 to $1,744 $1,699 to $2,077

Sourced from federal housing data and AffordableHousingOnline.com research.

Maywood, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 306
Total Housing Units with Rental Assistance 218
Percentage of Housing Units Occupied By Renters 41.14%
Average Renter Household Size 2.99
Average Household Size 3.25
Median Household Income $42,298 ±$4,408
Median Rent $894 ±$34
Percentage Of Renters Overburdened 62.45% ± 6.84pp
Total Population 24,138

Population and Household Demographics

Maywood is a City in Cook County, Illinois with a population of 24,138. There are 7,400 households in the city with an average household size of 3.25 persons. 41.14% of households in Maywood are renters.

Income and Rent Overburden in Maywood

The median gross income for households in Maywood is $42,298 a year, or $3,525 a month. The median rent for the city is $894 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Maywood, a household making less than $2,980 a month would be considered overburdened when renting an apartment at or above the median rent. 62.45% of households who rent are overburdened in Maywood.1

Area Median Income In Maywood

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Maywood, the AMI is calculated from all households within Cook County.

In Maywood, HUD calculates the Area Median Income for a family of four as $89,100

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 Maywood

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 HUD Rental Assistance in Maywood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,170 $34,590 $39,010 $43,430
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% of Median $49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150