About This Property
Fairview Ridge Apts offers 136 low-income units in Normal, IL, consisting of 64 two-bedroom and 72 three-bedroom apartments. The property has been in service since 1996 and is managed by the on-site management team. Interested applicants can contact the property directly for lease and availability information.
Property Details
Fair Market Rent - McLean 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 | $782 |
| 1 Bedroom | $869 |
| 2 Bedroom | $1,103 |
| 3 Bedroom | $1,536 |
| 4 Bedroom | $1,541 |
Income Limits - McLean 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Normal, IL?+
The Fair Market Rent (FMR) for McLean County, IL is: $782 (Studio), $869 (1BR), $1103 (2BR), $1536 (3BR), $1541 (4BR). Actual rent at subsidized properties like Fairview Ridge Apts is typically 30% of household income or less.
What size apartments are available at Fairview Ridge Apts?+
Fairview Ridge Apts offers the following unit types: 64 Two-Bedroom, 72 Three-Bedroom units, for a total of 136 units.
Who manages Fairview Ridge Apts?+
Fairview Ridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fairview Ridge Apts?+
Fairview Ridge 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 Normal, IL?+
Based on Fair Market Rent for McLean County, the estimated price range is: 2-bedroom: $1103, 3-bedroom: $1536. Actual rent at Fairview Ridge Apts may be lower for income-eligible households.
What are the income limits for affordable housing in McLean County, IL?+
For a 4-person household in McLean 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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