Low Income Apartments For Rent in Channahon, IL

Rental assistance programs support 0 low-income homes in Channahon where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $446 towards rent each month.

Affordable rent data for some communities last confirmed on March 5th, 2020. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Channahon, 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
Grundy County Housing Authority	Public Housing

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

Channahon, Illinois Affordable Housing Data

Income Based Apartments in Channahon, Illinois

Channahon features 0 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 Channahon, Illinois

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Channahon.

Housing Choice Vouchers in Channahon, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Channahon, Illinois for a two-bedroom apartment is between $1,341 and $1,639.

2024 Channahon, 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
Channahon, Illinois Fair Market Rent	$1,025	$1,134	$1,490	$1,947	$1,984
Channahon, Illinois Payment Standard Range	$923 to $1,128	$1,021 to $1,247	$1,341 to $1,639	$1,752 to $2,142	$1,786 to $2,182

Sourced from federal housing data and AffordableHousingOnline.com research.

Channahon, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 54

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 9.59%

Average Renter Household Size 3.45

Average Household Size 3.19

Median Household Income $88,818 ±$6,177

Median Rent $1,425 ±$181

Percentage Of Renters Overburdened 59.33% ± 23.28pp

Total Population 12,845

Total Affordable Apartment Properties	2
Total Low Income Apartments	54
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	9.59%
Average Renter Household Size	3.45
Average Household Size	3.19
Median Household Income	$88,818 ±$6,177
Median Rent	$1,425 ±$181
Percentage Of Renters Overburdened	59.33% ± 23.28pp
Total Population	12,845

Population and Household Demographics

Channahon is a city in Grundy County, Illinois with a population of 12,845. There are 4,024 households in the city with an average household size of 3.19 persons. 9.59% of households in Channahon are renters.

Income and Rent Overburden in Channahon

The median gross income for households in Channahon is $88,818 a year, or $7,402 a month. The median rent for the city is $1,425 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Channahon, a household making less than $4,750 a month would be considered overburdened when renting an apartment at or above the median rent. 59.33% of households who rent are overburdened in Channahon.

Area Median Income In Channahon

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 Channahon, the AMI is calculated from all households within Grundy County.

In Channahon, HUD calculates the Area Median Income for a family of four as $109,200

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 Channahon

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 Channahon

	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 Channahon AMI may qualify for rental assistance programs that target Extremely Low Income households.	$21,700	$24,800	$27,900	$31,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Channahon AMI may qualify for rental assistance programs that target Very Low Income households.	$36,200	$41,350	$46,500	$51,650	$55,800	$59,950	$64,050	$68,200
80% AMI Income Limits Renters earning up to 80% of the Channahon AMI may qualify for rental assistance programs that target Low Income households.	$57,900	$66,150	$74,400	$82,650	$89,300	$95,900	$102,500	$109,100