What HUD offices serve Roselle, 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 Roselle.
How many renters live in Roselle, Illinois?
The City of Roselle has people living in households.
There are renters living in renter households in this City. Renters make up 17.43 percent of the population living in Roselle.
What is the rental market like in Roselle, Illinois?
There are an estimated housing units in the Roselle area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Roselle, Illinois, there are 1.05 rental units.
What is the vacancy rate for rentals in Roselle?
The rental vacancy rate in Roselle 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 Roselle for each bedroom size?
Occupied Rental Units by Size in Roselle
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
8 | 614 | 835 | 412 | 26 |
Occupied Rental Units by Size in Roselle
A large number of apartments in Roselle 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 Roselle
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 Roselle, Illinois
How many units are rented at Fair Market Rent (FMR) in Roselle?
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 | 6 | 75 percent |
One BR | 607 | 99 percent |
Two BR | 332 | 40 percent |
Rental Units Below FMR in Roselle, Illinois
How many affordable rental units are in Roselle?
There are a variety of federal affordable housing programs serving households in Roselle, Illinois including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit |
Tracked Units by Federal Program in Roselle, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Roselle, Illinois
Roselle features 238 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 Roselle, Illinois
There are 46 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Roselle.
Housing Choice Vouchers in Roselle, Illinois
On average, Section 8 Housing Choice vouchers pay Roselle landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Roselle.
The maximum amount a voucher would pay on behalf of a low-income tenant in Roselle, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.