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Rosewood Apartments

216 W Forest Ave, Round Lake, Illinois 60073

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Call (847) 546-6800

Rosewood Apartments is managed by The Michaels Organization.

Rosewood Apartments offers affordable 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Each unit features open-concept floorplans, a spacious U-shaped kitchen with ample counter and cabinet space, a patio or balcony, and extended closets. The controlled access building hosts a laundry facility, playground, public transportation access, and picnic area. Rosewood is located across the street from Bright Meadows Park and conveniently near many schools, shopping, and dining options.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 700 From $1,100
Two Bedroom (2/1) 944 From $1,244
Three Bedroom (3/1) 1200 From $1,257
Waiting List is Closed

Not currently accepting applications. This wait list is expected to remain closed for at least a few years.

Last updated on September 3rd, 2019

Eligibility for Rosewood Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Round Lake but actual income limits may differ for units at Rosewood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
30% $23,200 $26,500 $29,800 $33,100 $35,750 $40,280
50% $38,650 $44,150 $49,650 $55,150 $59,600 $64,000
80% $61,800 $70,600 $79,450 $88,250 $95,350 $102,400

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Round Lake but actual income limits may differ for units at Rosewood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $38,650 $44,150 $49,650 $55,150 $59,600 $64,000
Low Income (60%) $46,380 $52,980 $59,580 $66,180 $71,520 $76,800

Rosewood Apartments Details

  • 170 one, two and three bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Playground
  • On-Site Manager
  • 24hr Emergency Maintenance
  • On-Site Parking
  • High Speed Internet Access
  • Laundry Facility
  • Picnic Area

Unit Amenities

  • Ceiling Fan(s)
  • Balconies or Patios Available
  • Energy Saving Windows
  • Large Closets

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-3:00pm
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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Image of Rosewood Apartments