About This Property
Princeton Senior Housing offers 50 units in Princeton, IL, with 32 units designated as low-income housing. The property has served elderly and disabled residents since 1999 and features 32 one-bedroom floor plans. This Bureau County community provides affordable residential options for seniors and individuals with disabilities.
Waitlist Information
Waitlist managed by Bureau County Housing Authority
Applicants must meet annual gross income, age or disability status, and US citizenship or eligible immigration requirements.
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 18, 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 Princeton Senior Housing is typically 30% of household income or less.
What size apartments are available at Princeton Senior Housing?+
Princeton Senior Housing offers the following unit types: 32 One-Bedroom units, for a total of 50 units.
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.
Who manages Princeton Senior Housing?+
Princeton Senior Housing is managed by . You can reach them at .
How do I apply for housing at Princeton Senior Housing?+
Princeton Senior Housing is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 is eligible to live at Princeton Senior Housing?+
Princeton Senior Housing primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Princeton Senior Housing?+
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.
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. Actual rent at Princeton Senior Housing may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
