Affordable Housing In Oak Brook
Cook County, Illinois

3 Low Income Apartment Communities In Oak Brook

Berwyn Apartmnets

2901 BUTTERFIELD RD
Oak Brook, Illinois
Call For Rent
1-2 BR

Mayslake Village

1801 35th St
Oak Brook, Illinois
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Mayslake Annex II

1777 35th St
Oak Brook, Illinois
Subsidized
62+
Accessible
Elderly Supportive Housing
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Section 8 Vouchers, Apartments, and Waiting Lists in Oak Brook, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Oak Brook, Illinois

Housing Authority Programs
Housing Authority of Cook County Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Oak Brook, Illinois

There are 3 low income housing apartment communities offering 238 affordable apartments for rent in Oak Brook, Illinois.

Income Based Apartments in Oak Brook, Illinois

Oak Brook features 215 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 Oak Brook, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Brook.

Housing Choice Vouchers in Oak Brook, Illinois

On average, Section 8 Housing Choice vouchers pay Oak Brook landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oak Brook.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Brook, Illinois for a two-bedroom apartment is between $1,206 and $1,474.

2022 Oak Brook, 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
Oak Brook, Illinois Fair Market Rent $1,059 $1,161 $1,340 $1,697 $2,018
Oak Brook, Illinois Payment Standard Range $953 to $1,165 $1,045 to $1,277 $1,206 to $1,474 $1,527 to $1,867 $1,816 to $2,220

Sourced from federal housing data and AffordableHousingOnline.com research.

Oak Brook, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 238
Total Housing Units with Rental Assistance 215
Percentage of Housing Units Occupied By Renters 7.01%
Average Renter Household Size 3.14
Average Household Size 2.57
Median Household Income $132,778 ±$13,365
Median Rent $1,897 ±$673
Percentage Of Renters Overburdened 45.79% ± 23pp
Total Population 7,977

Population and Household Demographics

Oak Brook is a city in Cook County, Illinois with a population of 7,977. There are 3,052 households in the city with an average household size of 2.57 persons. 7.01% of households in Oak Brook are renters.

Income and Rent Overburden in Oak Brook

The median gross income for households in Oak Brook is $132,778 a year, or $11,065 a month. The median rent for the city is $1,897 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oak Brook, a household making less than $6,323 a month would be considered overburdened when renting an apartment at or above the median rent. 45.79% of households who rent are overburdened in Oak Brook.

Area Median Income In Oak Brook

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 Oak Brook, the AMI is calculated from all households within Cook County.

In Oak Brook, 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 Oak Brook

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 Oak Brook

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 Oak Brook 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 Oak Brook 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 Oak Brook 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