Summit, Illinois Affordable Housing

Affordable Housing programs support 138 income based apartments in Summit where households pay rent based on how much they earn.

There are 0 affordable apartments in Summit that offer reduced rents to low-income households.

Waiting Lists in Summit, Illinois

There are no open Section 8 Housing Choice Voucher waiting lists in Summit. Go to the Illinois Section 8 Waiting Lists page for openings near Summit.

Summit Senior Living

7455 W 63rd Pl
Summit, Illinois
Call For Rent
1-2 BR
62+

Summit Senior Building Phase I

7455 W 63rd Pl
Summit, Illinois
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Affordable Housing Near Summit

View affordable apartments and waiting lists in cities near Summit

City Apartments
Chicago, IL Affordable Housing programs support 766 apartment communities in Chicago.
Elgin, IL Affordable Housing programs support 15 apartment communities in Elgin.
Evanston, IL Affordable Housing programs support 12 apartment communities in Evanston.
Harvey, IL Affordable Housing programs support 7 apartment communities in Harvey.
Palatine, IL Affordable Housing programs support 7 apartment communities in Palatine.

Public Housing Agencies Serving Summit, 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.

Housing Authority Programs
Housing Authority of Cook County Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Summit.

Summit, Illinois Affordable Housing Data

Income Based Apartments in Summit, Illinois

Summit features 138 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 Summit, Illinois

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

Housing Choice Vouchers in Summit, Illinois

On average, Section 8 Housing Choice vouchers pay Summit landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Summit.

The maximum amount a voucher would pay on behalf of a low-income tenant in Summit, Illinois for a two-bedroom apartment is between $1,296 and $1,584.

2023 Summit, 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
Summit, Illinois Fair Market Rent $1,158 $1,255 $1,440 $1,827 $2,172
Summit, Illinois Payment Standard Range $1,042 to $1,274 $1,130 to $1,381 $1,296 to $1,584 $1,644 to $2,010 $1,955 to $2,389

Sourced from federal housing data and AffordableHousingOnline.com research.

Summit, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 138
Total Housing Units with Rental Assistance 138
Percentage of Housing Units Occupied By Renters 49.2%
Average Renter Household Size 3.16
Average Household Size 3.50
Median Household Income $42,070 ±$5,565
Median Rent $822 ±$36
Percentage Of Renters Overburdened 45.01% ± 9.73pp
Total Population 11,447

Population and Household Demographics

Summit is a city in Cook County, Illinois with a population of 11,447. There are 3,260 households in the city with an average household size of 3.50 persons. 49.2% of households in Summit are renters.

Income and Rent Overburden in Summit

The median gross income for households in Summit is $42,070 a year, or $3,506 a month. The median rent for the city is $822 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Summit, a household making less than $2,740 a month would be considered overburdened when renting an apartment at or above the median rent. 45.01% of households who rent are overburdened in Summit.

Area Median Income In Summit

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

In Summit, 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 Summit

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 Summit

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 Summit 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 Summit 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 Summit 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