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

Discover affordable housing in Mchenry where there are 12+ 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.

Hillcrest Apartments

1916 N Orleans St, Mchenry, Illinois 60050

bed 1-3
payment Subsidized

Fawn Ridge Apartments

1941 N Orleans St, Mchenry, Illinois 60050

bed 2
payment $1270/mo.

4305 W Shamrock Ln Unit 1D

4305 W Shamrock Ln Unit 1D, McHenry, Illinois 60050

bed 1
payment $1200/mo.

909 Southside Ave

909 Southside Ave, Mchenry, Illinois 60051

bed 3
payment $2000/mo.

3723 Grand Ave Unit 4

3723 Grand Ave Unit 4, Mchenry, Illinois 60050

bed 2
payment $1500/mo.

4314 W Shamrock Ln Unit 3A

4314 W Shamrock Ln Unit 3A, Mchenry, Illinois 60050

bed 1
payment $1200/mo.

4408 W Shamrock Ln Unit 2C

4408 W Shamrock Ln Unit 2C, Mchenry, Illinois 60050

bed 1
payment $1200/mo.

4312 W Shamrock Ln

4312 W Shamrock Ln, Mchenry, Illinois 60050

bed 1
payment $1300/mo.

Living Springs of Mchenry Slf

4609 W Crystal Lake Rd, Mchenry, Illinois 60050

switch_access_shortcut Short Wait
accessibility Accessible

PEARL STREET COMMONS LLC

3512 PEARL ST, Mchenry, Illinois 60050

bed 1-2
switch_access_shortcut Short Wait

Fox Hill Senior Housing, Inc

302 Front ST, Mchenry, Illinois 60050

payment Subsidized
elderly Senior
accessibility Accessible

Draper Home Project

1315 N Draper Rd, Mchenry, Illinois 60050

How To Identify Affordable Housing in Mchenry, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mchenry, 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 Mchenry, Illinois Affordable Housing ↓

What HUD offices serve Mchenry, 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 programs for Mchenry, Illinois.

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

How many renters live in Mchenry, Illinois?

The City of Mchenry has people living in households.

There are renters living in renter households in this City. Renters make up 22.23 percent of the population living in Mchenry.

What is the rental market like in Mchenry, Illinois?

There are an estimated housing units in the Mchenry area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mchenry, Illinois, there are 1.02 rental units.

What is the vacancy rate for rentals in Mchenry?

The rental vacancy rate in Mchenry 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 Mchenry for each bedroom size?

Occupied Rental Units by Size in Mchenry
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
250 527 1,325 510 174
Occupied Rental Units by Size in Mchenry

A large number of apartments in Mchenry 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 Mchenry

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 Mchenry, Illinois

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

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 143 57 percent
One BR 421 80 percent
Two BR 581 44 percent
Rental Units Below FMR in Mchenry, Illinois

How many affordable rental units are in Mchenry?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Mchenry, Illinois

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

Income Based Apartments in Mchenry, Illinois

Mchenry features 149 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 Mchenry, Illinois

There are 208 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mchenry.

Housing Choice Vouchers in Mchenry, Illinois

On average, Section 8 Housing Choice vouchers pay Mchenry landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Mchenry.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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