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

Discover affordable housing in Waukegan where there are 20+ 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.

Kings Court Apartments

2801N W Grandville Ave, Waukegan, Illinois 60085

Cinnamon Lake Towers

2701 Glen Flora Avenue, Waukegan, Illinois 60085

Hickory Manor Apartments

4160 Continental Dr, Waukegan, Illinois 60087

Fountain Square Senior Apartments

3690 S Casimir Pulaski Drive, Waukegan, Illinois 60085

Village Park Apartment Homes

2520 Village Park Dr, Waukegan, Illinois 60087

Lakeside Towers Apartments

200 Julian St, Waukegan, Illinois 60085

Lilac Ledge Apartments

542 Washington St, Waukegan, Illinois 60085

Waukegan Supportive Housing

2700 Sunset Ave, Waukegan, Illinois 60087

Brookstone

4247 Hickory Hills Dr, Waukegan, Illinois 60087

Woodland Village I & II

2443 W Dugdale Rd, Waukegan, Illinois 60085

Buckingham Place Apartments

3040 W 8th St, Waukegan, Illinois 60085

Independence Center

644 Mill Ct, Waukegan, Illinois 60085

Green Bay Manor Apartments

206 N Green Bay Rd, Waukegan, Illinois 60085

Armory Terrace Homes

1701 N McAree Rd, Waukegan, Illinois 60085

Barwell Manor Homes

565 S Genesee St, Waukegan, Illinois 60085

Ravine Terrace Homes

200 S Martin Luther King Jr Ave, Waukegan, Illinois 60085

Harry A. Poe Manor Home

300 Lake St, Waukegan, Illinois 60085

Rebound Youth Center

1901 N Lewis Ave, Waukegan, Illinois 60087

Waukegan Apartments

102 Washington Ter, Waukegan, Illinois 60085

Chapel Garden Senior Apartments

East Side of Mcaree Rd, Waukegan, Illinois 60085

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waukegan, 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 Waukegan, Illinois Affordable Housing ↓

What HUD offices serve Waukegan, 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), Mainstream Voucher, Family Unification Program (FUP) programs for Waukegan, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency programs for Waukegan, Illinois.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Waukegan, Illinois.

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

How many renters live in Waukegan, Illinois?

The City of Waukegan has 86,472 people living in 33,033 households.

There are 37,006 renters living in 15,206 renter households in this City. Renters make up 42.8 percent of the population living in Waukegan.

What is the rental market like in Waukegan, Illinois?

There are an estimated 32,906 housing units in the Waukegan area. Of these, 16,562 units are rental homes, making up 50 percent of the housing market. For every renter household in Waukegan, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Waukegan?

The rental vacancy rate in Waukegan is 3 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 Waukegan for each bedroom size?

Occupied Rental Units by Size in Waukegan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
818 4,730 6,530 3,105 591
Occupied Rental Units by Size in Waukegan

A large number of apartments in Waukegan have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Waukegan are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Waukegan

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 Waukegan, Illinois

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

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 788 96 percent
One BR 4,292 91 percent
Two BR 5,413 83 percent
Rental Units Below FMR in Waukegan, Illinois

How many affordable rental units are in Waukegan?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,624
Public Housing 278
Section 8 Project-Based Rental Assistance 1,090
Section 811 Supportive Housing for Persons with Disabilities 22
Tracked Units by Federal Program in Waukegan, Illinois

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

Income Based Apartments in Waukegan, Illinois

Waukegan features 1,420 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 Waukegan, Illinois

There are 840 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waukegan.

Housing Choice Vouchers in Waukegan, Illinois

On average, Section 8 Housing Choice vouchers pay Waukegan landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Waukegan.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waukegan, Illinois for a two-bedroom apartment is between $1,543 and $1,885.

Sourced from federal housing data and AffordableHousingOnline.com research.