Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Chicago is $48,522 a year, or $4,044 a month. 55.71% of households in Chicago are renters. There are 1,035,436 households in the city with an average household size of 2.57 persons. Percentage of Housing Units Occupied By RentersĬhicago is a city in Cook County, Illinois with a population of 2,717,534. Total Housing Units with Rental Assistance Sourced from federal housing data and research. 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. 2023 Chicago, Illinois Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Chicago, Illinois for a two-bedroom apartment is between $1,296 and $1,584. The average voucher holder contributes $400 towards rent in Chicago. On average, Section 8 Housing Choice vouchers pay Chicago landlords $900 per month towards rent. Housing Choice Vouchers in Chicago, Illinois There are 29,113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chicago. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Income Based Apartments in Chicago, IllinoisĬhicago features 58,666 income based apartments. There are 766 low income housing apartment communities offering 88,538 affordable apartments for rent in Chicago, Illinois. Guide To Affordable Housing in Chicago, Illinois Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Chicago. Section 8 Housing Choice Voucher (HCV) Public Housing Moving to Work Rental Assistance Demonstration (RAD) Chicago Housing Authority Project-Based Voucher.Chicago Housing Authority Senior and Disabled Public Housing.Waiting lists for project-based assistance, like the Public Housing program, are open: Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Public Housing Agencies Serving Chicago, Illinois
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