Maywood, Illinois Affordable Housing

Affordable Housing programs support 218 income based apartments in Maywood where households pay rent based on how much they earn.

There are 183 affordable apartments in Maywood that offer reduced rents to low-income households.

Waiting Lists in Maywood, Illinois

There are no open Section 8 Housing Choice Voucher waiting lists in Maywood. Go to the Illinois Section 8 Waiting Lists page for openings near Maywood.

Garden House of Maywood

515 S 2nd Ave
Maywood, Illinois
Call For Rent
1 BR
55+
Accessible

Garden House Apartments

515 S Second Ave
Maywood, Illinois
Call For Rent
1-2 BR
Affordable

Maywood Phoenix Home

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

520 South Fifth Avenue

520 S 5th Ave
Maywood, Illinois
Affordable

Home - Plccca Goodell Place Mfr

617 S 6th Ave
Maywood, Illinois
Affordable

Home - Maywood Tpa Mfh

1705 11St St Charles Rd
Maywood, Illinois
Affordable
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Affordable Housing Near Maywood

View affordable apartments and waiting lists in cities near Maywood

City Apartments
Chicago, IL Affordable Housing programs support 766 apartment communities in Chicago.
Elgin, IL Affordable Housing programs support 15 apartment communities in Elgin.
Evanston, IL Affordable Housing programs support 12 apartment communities in Evanston.
Palatine, IL Affordable Housing programs support 7 apartment communities in Palatine.
Harvey, IL Affordable Housing programs support 7 apartment communities in Harvey.

Public Housing Agencies Serving Maywood, 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.

Housing Authority Programs
Maywood Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Maywood.

Maywood, Illinois Affordable Housing Data

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 183 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 $1,296 and $1,584.

2023 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
Maywood, Illinois Fair Market Rent $1,158 $1,255 $1,440 $1,827 $2,172
Maywood, Illinois Payment Standard Range $1,042 to $1,274 $1,130 to $1,381 $1,296 to $1,584 $1,644 to $2,010 $1,955 to $2,389

Sourced from federal housing data and AffordableHousingOnline.com research.

Maywood, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 401
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.

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 $107,800

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

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Maywood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,900 $25,000 $28,150 $31,250 $33,750 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Maywood AMI may qualify for rental assistance programs that target Very Low Income households.
$36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
80% AMI Income Limits
Renters earning up to 80% of the Maywood AMI may qualify for rental assistance programs that target Low Income households.
$58,350 $66,700 $75,050 $83,350 $90,050 $96,700 $103,400 $110,050