Low Income Apartments For Rent in Oak Forest, IL

Rental assistance programs support 0 low-income homes in Oak Forest where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $410 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Oak Forest, 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 Oak Forest.

Oak Forest, Illinois Affordable Housing Data

Income Based Apartments in Oak Forest, Illinois

Oak Forest 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 Oak Forest, Illinois

There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Forest.

Housing Choice Vouchers in Oak Forest, Illinois

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

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

2024 Oak Forest, 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
Oak Forest, Illinois Fair Market Rent	$1,399	$1,507	$1,714	$2,182	$2,583
Oak Forest, Illinois Payment Standard Range	$1,259 to $1,539	$1,356 to $1,658	$1,543 to $1,885	$1,964 to $2,400	$2,325 to $2,841

Sourced from federal housing data and AffordableHousingOnline.com research.

Oak Forest, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 160

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 21.88%

Average Renter Household Size 2.29

Average Household Size 2.75

Median Household Income $69,866 ±$7,243

Median Rent $924 ±$46

Percentage Of Renters Overburdened 50.22% ± 10.16pp

Total Population 28,134

Total Affordable Apartment Properties	2
Total Low Income Apartments	160
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	21.88%
Average Renter Household Size	2.29
Average Household Size	2.75
Median Household Income	$69,866 ±$7,243
Median Rent	$924 ±$46
Percentage Of Renters Overburdened	50.22% ± 10.16pp
Total Population	28,134

Population and Household Demographics

Oak Forest is a city in Cook County, Illinois with a population of 28,134. There are 10,209 households in the city with an average household size of 2.75 persons. 21.88% of households in Oak Forest are renters.

Income and Rent Overburden in Oak Forest

The median gross income for households in Oak Forest is $69,866 a year, or $5,822 a month. The median rent for the city is $924 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oak Forest, a household making less than $3,080 a month would be considered overburdened when renting an apartment at or above the median rent. 50.22% of households who rent are overburdened in Oak Forest.

Area Median Income In Oak Forest

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

In Oak Forest, HUD calculates the Area Median Income for a family of four as $112,300

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 Oak Forest

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 Oak Forest

	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 Oak Forest AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,200	$26,500	$29,800	$33,100	$35,750	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Oak Forest AMI may qualify for rental assistance programs that target Very Low Income households.	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000	$68,400	$72,800
80% AMI Income Limits Renters earning up to 80% of the Oak Forest AMI may qualify for rental assistance programs that target Low Income households.	$61,800	$70,600	$79,450	$88,250	$95,350	$102,400	$109,450	$116,500