About This Property
Twin Lakes Senior Villas offers 42 low-income units in Rantoul, Illinois, with a mix of 10 one-bedroom and 32 two-bedroom apartments. The property has been in service since 2013 and serves seniors in Champaign County.
Property Details
Fair Market Rent - Champaign 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 | $880 |
| 1 Bedroom | $885 |
| 2 Bedroom | $1,049 |
| 3 Bedroom | $1,372 |
| 4 Bedroom | $1,397 |
Income Limits - Champaign County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,150
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $20,750
- Very Low (50%)
- $34,600
- Low (80%)
- $55,300
- Extremely Low (30%)
- $23,350
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,700
- Low (80%)
- $74,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,150
- Low (80%)
- $80,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,600
- Low (80%)
- $85,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,050
- Low (80%)
- $91,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,150 | $30,250 | $48,400 |
| 2 Persons | $20,750 | $34,600 | $55,300 |
| 3 Persons | $23,350 | $38,900 | $62,200 |
| 4 Persons | $26,500 | $43,200 | $69,100 |
| 5 Persons | $31,040 | $46,700 | $74,650 |
| 6 Persons | $35,580 | $50,150 | $80,200 |
| 7 Persons | $40,120 | $53,600 | $85,700 |
| 8 Persons | $44,660 | $57,050 | $91,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rantoul, IL?+
The Fair Market Rent (FMR) for Champaign County, IL is: $880 (Studio), $885 (1BR), $1049 (2BR), $1372 (3BR), $1397 (4BR). Actual rent at subsidized properties like Twin Lakes Senior Villas is typically 30% of household income or less.
What size apartments are available at Twin Lakes Senior Villas?+
Twin Lakes Senior Villas offers the following unit types: 10 One-Bedroom, 32 Two-Bedroom units, for a total of 42 units.
What are the income limits for affordable housing in Champaign County, IL?+
For a 4-person household in Champaign County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,200, Low Income (80% AMI): $69,100. These limits are set by HUD and updated annually.
Who manages Twin Lakes Senior Villas?+
Twin Lakes Senior Villas is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Twin Lakes Senior Villas?+
Twin Lakes Senior Villas 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 Rantoul, IL?+
Based on Fair Market Rent for Champaign County, the estimated price range is: 1-bedroom: $885, 2-bedroom: $1049. Actual rent at Twin Lakes Senior Villas may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.