About This Property
Parkway Apts offers 24 low-income units in Princeton, IL, with a mix of one-, two-, and three-bedroom floor plans. The property includes 16 one-bedroom units, 6 two-bedroom units, and 2 three-bedroom units. The community has been in service since 2001.
Waitlist Information
Waitlist managed by Bureau County Housing Authority
The Public Housing waiting list for Bureau County Housing Authority is currently closed.
Eligibility often requires income at or below the Very Low Income limit (50% AMI) or Extremely Low Income limit (30% AMI).
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Bureau 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 | $603 |
| 1 Bedroom | $677 |
| 2 Bedroom | $890 |
| 3 Bedroom | $1,093 |
| 4 Bedroom | $1,284 |
Income Limits - Bureau County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,200
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,850
- Low (80%)
- $62,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,750
- Low (80%)
- $66,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,600
- Low (80%)
- $71,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,500
- Low (80%)
- $75,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,200 | $40,250 |
| 2 Persons | $17,420 | $28,800 | $46,000 |
| 3 Persons | $21,960 | $32,400 | $51,750 |
| 4 Persons | $26,500 | $35,950 | $57,500 |
| 5 Persons | $31,040 | $38,850 | $62,100 |
| 6 Persons | $35,580 | $41,750 | $66,700 |
| 7 Persons | $40,120 | $44,600 | $71,300 |
| 8 Persons | $44,660 | $47,500 | $75,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Princeton, IL?+
The Fair Market Rent (FMR) for Bureau County, IL is: $603 (Studio), $677 (1BR), $890 (2BR), $1093 (3BR), $1284 (4BR). Actual rent at subsidized properties like Parkway Apts is typically 30% of household income or less.
What size apartments are available at Parkway Apts?+
Parkway Apts offers the following unit types: 16 One-Bedroom, 6 Two-Bedroom, 2 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Princeton, IL?+
Based on Fair Market Rent for Bureau County, the estimated price range is: 1-bedroom: $677, 2-bedroom: $890, 3-bedroom: $1093. Actual rent at Parkway Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Bureau County, IL?+
For a 4-person household in Bureau County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,950, Low Income (80% AMI): $57,500. These limits are set by HUD and updated annually.
How do I apply for housing at Parkway Apts?+
Parkway 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 Parkway Apts?+
Parkway Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Parkway Apts?+
Public Housing waitlist is currently Closed. 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
