About This Property
Franklin Square Apts is a 48-unit affordable housing community in Quincy, Illinois that serves low-income residents. The property offers a mix of 20 two-bedroom and 28 three-bedroom units and has been in service since 2011. For more information about availability and leasing, prospective residents may contact the property management office.
Waitlist Information
Waitlist managed by Quincy Housing Authority
The Quincy Housing Authority maintains separate citywide waiting lists for its Family and Elderly Public Housing Programs, with selection based on federal and state rules, regulations, preferences, and priorities; declining two apartment invitations may lead to removal from the waitlist.
The last opening placed 125 applicants on the waiting list by date and time of application receipt; preferences for this program have not yet been confirmed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Adams County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $593 |
| 1 Bedroom | $666 |
| 2 Bedroom | $875 |
| 3 Bedroom | $1,137 |
| 4 Bedroom | $1,165 |
Income Limits - Adams County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,850 | $39,800 |
| 2 Persons | $17,420 | $28,400 | $45,450 |
| 3 Persons | $21,960 | $31,950 | $51,150 |
| 4 Persons | $26,500 | $35,500 | $56,800 |
| 5 Persons | $31,040 | $38,350 | $61,350 |
| 6 Persons | $35,580 | $41,200 | $65,900 |
| 7 Persons | $40,120 | $44,050 | $70,450 |
| 8 Persons | $44,660 | $46,900 | $75,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Quincy, IL?+
The Fair Market Rent (FMR) for Adams County, IL is: $593 (Studio), $666 (1BR), $875 (2BR), $1137 (3BR), $1165 (4BR). Actual rent at subsidized properties like Franklin Square Apts is typically 30% of household income or less.
What size apartments are available at Franklin Square Apts?+
Franklin Square Apts offers the following unit types: 20 Two-Bedroom, 28 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Quincy, IL?+
Based on Fair Market Rent for Adams County, the estimated price range is: 2-bedroom: $875, 3-bedroom: $1137. Actual rent at Franklin Square Apts may be lower for income-eligible households.
How do I apply for housing at Franklin Square Apts?+
Franklin Square Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Franklin Square Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Adams County, IL?+
For a 4-person household in Adams County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,500, Low Income (80% AMI): $56,800. These limits are set by HUD and updated annually.
Who manages Franklin Square Apts?+
Franklin Square Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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