What HUD offices serve Oak Lawn, 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.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Oak Lawn.
How many renters live in Oak Lawn, Illinois?
The City of Oak Lawn has people living in households.
There are renters living in renter households in this City. Renters make up 17.24 percent of the population living in Oak Lawn.
What is the rental market like in Oak Lawn, Illinois?
There are an estimated housing units in the Oak Lawn area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oak Lawn, Illinois, there are 1.05 rental units.
What is the vacancy rate for rentals in Oak Lawn?
The rental vacancy rate in Oak Lawn 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 Oak Lawn for each bedroom size?
Occupied Rental Units by Size in Oak Lawn
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 90 | 1,189 | 1,577 | 835 | 220 |
Occupied Rental Units by Size in Oak Lawn
A large number of apartments in Oak Lawn 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 Oak Lawn
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 Oak Lawn, Illinois
How many units are rented at Fair Market Rent (FMR) in Oak Lawn?
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 | 77 | 86 percent |
| One BR | 1,027 | 86 percent |
| Two BR | 1,296 | 82 percent |
Rental Units Below FMR in Oak Lawn, Illinois
How many affordable rental units are in Oak Lawn?
Income Based Apartments in Oak Lawn, Illinois
Oak Lawn features 0 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 Lawn, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Lawn.
Housing Choice Vouchers in Oak Lawn, Illinois
On average, Section 8 Housing Choice vouchers pay Oak Lawn landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Oak Lawn.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Lawn, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.