About This Property
Northlake Farms Apts comprises 222 low-income rental units in Gurnee, IL, with 80 one-bedroom and 142 two-bedroom floor plans. The community, which opened in 1995, is financed through 4% Low-Income Housing Tax Credits. Prospective tenants should contact the property management office for current availability and lease terms.
Property Details
Fair Market Rent - Lake 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 | $1,399 |
| 1 Bedroom | $1,507 |
| 2 Bedroom | $1,714 |
| 3 Bedroom | $2,182 |
| 4 Bedroom | $2,583 |
Income Limits - Lake County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $27,950
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,350
- Low (80%)
- $80,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,100
- Low (80%)
- $86,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $57,800
- Low (80%)
- $92,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,550
- Low (80%)
- $98,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,600 | $32,650 | $52,200 |
| 2 Persons | $22,400 | $37,300 | $59,650 |
| 3 Persons | $25,200 | $41,950 | $67,100 |
| 4 Persons | $27,950 | $46,600 | $74,550 |
| 5 Persons | $31,040 | $50,350 | $80,550 |
| 6 Persons | $35,580 | $54,100 | $86,500 |
| 7 Persons | $40,120 | $57,800 | $92,450 |
| 8 Persons | $44,660 | $61,550 | $98,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gurnee, IL?+
The Fair Market Rent (FMR) for Lake County, IL is: $1399 (Studio), $1507 (1BR), $1714 (2BR), $2182 (3BR), $2583 (4BR). Actual rent at subsidized properties like Northlake Farms Apts is typically 30% of household income or less.
What size apartments are available at Northlake Farms Apts?+
Northlake Farms Apts offers the following unit types: 80 One-Bedroom, 142 Two-Bedroom units, for a total of 222 units.
What are the income limits for affordable housing in Lake County, IL?+
For a 4-person household in Lake County, IL, the income limits are: Extremely Low Income (30% AMI): $27,950, Very Low Income (50% AMI): $46,600, Low Income (80% AMI): $74,550. These limits are set by HUD and updated annually.
How do I apply for housing at Northlake Farms Apts?+
Northlake Farms 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 Gurnee, IL?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $1507, 2-bedroom: $1714. Actual rent at Northlake Farms Apts may be lower for income-eligible households.
Who manages Northlake Farms Apts?+
Northlake Farms Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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