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

Discover affordable housing in Shorewood where there are 3+ 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.

Sycamore Drive Group Home

911 Sycamore Dr, Shorewood, Illinois 60404

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Medinah Lane Group Home

25436 Medinah Ln, Shorewood, Illinois 60404

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Shorewood Horizon Senior Living Communit

820 West Black Road, Shorewood, Illinois 60404

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

How To Identify Affordable Housing in Shorewood, 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 Shorewood, 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 Shorewood, Illinois Affordable Housing ↓

What HUD offices serve Shorewood, 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, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Section 8 Project-Based Rental Assistance (PBRA), Mainstream Voucher, Family Unification Program (FUP) programs for Shorewood, Illinois.

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

How many renters live in Shorewood, Illinois?

The City of Shorewood has people living in households.

There are renters living in renter households in this City. Renters make up 2.85 percent of the population living in Shorewood.

What is the rental market like in Shorewood, Illinois?

There are an estimated housing units in the Shorewood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Shorewood, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Shorewood?

The rental vacancy rate in Shorewood is 0 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 Shorewood for each bedroom size?

Occupied Rental Units by Size in Shorewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 133 45 43 54
Occupied Rental Units by Size in Shorewood

A large number of apartments in Shorewood 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 Shorewood

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 Shorewood, Illinois

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

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
One BR 70 53 percent
Two BR 27 60 percent
Rental Units Below FMR in Shorewood, Illinois

How many affordable rental units are in Shorewood?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Shorewood, Illinois

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

Income Based Apartments in Shorewood, Illinois

Shorewood features 18 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 Shorewood, Illinois

There are 51 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shorewood.

Housing Choice Vouchers in Shorewood, Illinois

On average, Section 8 Housing Choice vouchers pay Shorewood landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Shorewood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Shorewood, 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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