About This Property
Laurelwood Apts comprises 16 low-income units in Lanark, IL and has been in service since 1992. The property offers a mix of floor plans including two 1-bedroom, eight 2-bedroom, and six 3-bedroom units. The community is managed to serve households with lower incomes in Carroll County.
Property Details
Fair Market Rent - Carroll 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 | $553 |
| 1 Bedroom | $650 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,002 |
| 4 Bedroom | $1,238 |
Income Limits - Carroll County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,550
- Very Low (50%)
- $24,250
- Low (80%)
- $38,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,600
- Low (80%)
- $55,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,400
- Low (80%)
- $59,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,150
- Low (80%)
- $64,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,950
- Low (80%)
- $68,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,700
- Low (80%)
- $73,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,550 | $24,250 | $38,750 |
| 2 Persons | $17,420 | $27,700 | $44,300 |
| 3 Persons | $21,960 | $31,150 | $49,850 |
| 4 Persons | $26,500 | $34,600 | $55,350 |
| 5 Persons | $31,040 | $37,400 | $59,800 |
| 6 Persons | $35,580 | $40,150 | $64,250 |
| 7 Persons | $40,120 | $42,950 | $68,650 |
| 8 Persons | $44,660 | $45,700 | $73,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lanark, IL?+
The Fair Market Rent (FMR) for Carroll County, IL is: $553 (Studio), $650 (1BR), $807 (2BR), $1002 (3BR), $1238 (4BR). Actual rent at subsidized properties like Laurelwood Apts is typically 30% of household income or less.
What size apartments are available at Laurelwood Apts?+
Laurelwood Apts offers the following unit types: 2 One-Bedroom, 8 Two-Bedroom, 6 Three-Bedroom units, for a total of 16 units.
How do I apply for housing at Laurelwood Apts?+
Laurelwood 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.
What is the price range for apartments in Lanark, IL?+
Based on Fair Market Rent for Carroll County, the estimated price range is: 1-bedroom: $650, 2-bedroom: $807, 3-bedroom: $1002. Actual rent at Laurelwood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Carroll County, IL?+
For a 4-person household in Carroll County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,600, Low Income (80% AMI): $55,350. These limits are set by HUD and updated annually.
Who manages Laurelwood Apts?+
Laurelwood Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.