About This Property
Pearl Place Apts is a 57-unit apartment community in Belvidere, IL that has served elderly residents since 1998. The property includes 45 low-income units with a mix of 37 one-bedroom and 19 two-bedroom floor plans.
Waitlist Information
Waitlist managed by Housing Authority of the County of Boone
Specific application details and dates are not publicly available; contact the Housing Authority directly at (815) 544-0084 to confirm status and application process.
The last waiting list opening was a random lottery from May 3, 2017, to May 8, 2017. Preferences included families terminated from HCV due to insufficient funding, Boone County residents, veterans or surviving spouses, and working families or those 62+/disabled.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Boone 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 | $699 |
| 1 Bedroom | $785 |
| 2 Bedroom | $1,031 |
| 3 Bedroom | $1,380 |
| 4 Bedroom | $1,423 |
Income Limits - Boone County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Belvidere, IL?+
The Fair Market Rent (FMR) for Boone County, IL is: $699 (Studio), $785 (1BR), $1031 (2BR), $1380 (3BR), $1423 (4BR). Actual rent at subsidized properties like Pearl Place Apts is typically 30% of household income or less.
What size apartments are available at Pearl Place Apts?+
Pearl Place Apts offers the following unit types: 37 One-Bedroom, 19 Two-Bedroom units, for a total of 57 units.
What are the income limits for affordable housing in Boone County, IL?+
For a 4-person household in Boone County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
How do I apply for housing at Pearl Place Apts?+
Pearl Place 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.
Who manages Pearl Place Apts?+
Pearl Place Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Belvidere, IL?+
Based on Fair Market Rent for Boone County, the estimated price range is: 1-bedroom: $785, 2-bedroom: $1031. Actual rent at Pearl Place Apts may be lower for income-eligible households.
Who is eligible to live at Pearl Place Apts?+
Pearl Place Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Pearl Place 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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