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

Find 7 low-income apartments and rental assistance options in Maywood, IL – including subsidized, public, senior, HUD, and other government housing programs.

Garden House of Maywood

515 S 2nd Ave, Maywood, Illinois 60153

Fifth Avenue Apartments

800 South 5th Avenue, Maywood, Illinois 60153

Garden House Apartments

515 S Second Ave, Maywood, Illinois 60153

Home - Plccca Goodell Place Mfr

617 S 6th Ave, Maywood, Illinois 60153

Maywood Phoenix Home

401 Green St, Maywood, Illinois 60153

Home - Maywood Tpa Mfh

1705 11St St Charles Rd, Maywood, Illinois 60153

520 South Fifth Avenue

520 S 5th Ave, Maywood, Illinois 60153

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Maywood, 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 Maywood, Illinois Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Maywood, Illinois.

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

How many renters live in Maywood, Illinois?

The City of Maywood has 23,385 people living in 7,672 households.

There are 7,584 renters living in 2,893 renter households in this City. Renters make up 32.43 percent of the population living in Maywood.

What is the rental market like in Maywood, Illinois?

There are an estimated 8,818 housing units in the Maywood area. Of these, 3,056 units are rental homes, making up 35 percent of the housing market. For every renter household in Maywood, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Maywood?

The rental vacancy rate in Maywood is 5 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 Maywood for each bedroom size?

Occupied Rental Units by Size in Maywood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
109 614 1,356 525 179
Occupied Rental Units by Size in Maywood

A large number of apartments in Maywood 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 Maywood are overburdened by housing costs?

Among renter households in this market, 49 percent have housing cost burden. Further, 26 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 Maywood

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 Maywood, Illinois

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

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 97 89 percent
One BR 614 100 percent
Two BR 1,081 80 percent
Rental Units Below FMR in Maywood, Illinois

How many affordable rental units are in Maywood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 168
Section 8 Project-Based Rental Assistance 217
Tracked Units by Federal Program in Maywood, Illinois

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

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 184 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 $1,543 and $1,885.

Sourced from federal housing data and AffordableHousingOnline.com research.