About This Property
Schland III comprises 5 two-bedroom units designated for low-income households in Petersburg, Illinois. The property has been in service since 1988 and is situated in Menard County. All five units serve low-income residents.
Waitlist Information
Waitlist managed by Menard County Housing Authority
For Menard County Homes in Petersburg, IL, the waiting list is currently open for 1 and 2-bedroom units, which are duplexes and single-family homes with Project Based Rental Assistance. The waiting list for 4-bedroom units at this property has been closed as of February 3, 2026. To apply, submit a pre-application online, or contact (217) 632-7889 for more information. Disabled persons unable to apply online may request a paper application by calling (217) 632-7723. A residency preference for individuals that reside or work within MCHA's voucher jurisdiction and a Veteran's preference are offered.
The waiting list gives a residency preference for individuals that reside or work within MCHA’s voucher jurisdiction and offers a Veteran's preference for those who qualify. Applicants must first submit a pre-application online. Disabled persons unable to apply online may request a paper application by calling (217) 632-7723.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Menard 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 | $725 |
| 1 Bedroom | $873 |
| 2 Bedroom | $1,070 |
| 3 Bedroom | $1,421 |
| 4 Bedroom | $1,459 |
Income Limits - Menard County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $20,550
- Very Low (50%)
- $34,200
- Low (80%)
- $54,750
- Extremely Low (30%)
- $23,100
- Very Low (50%)
- $38,500
- Low (80%)
- $61,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,200
- Low (80%)
- $73,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,050
- Low (80%)
- $84,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,450
- Low (80%)
- $90,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,000 | $29,950 | $47,900 |
| 2 Persons | $20,550 | $34,200 | $54,750 |
| 3 Persons | $23,100 | $38,500 | $61,600 |
| 4 Persons | $26,500 | $42,750 | $68,400 |
| 5 Persons | $31,040 | $46,200 | $73,900 |
| 6 Persons | $35,580 | $49,600 | $79,350 |
| 7 Persons | $40,120 | $53,050 | $84,850 |
| 8 Persons | $44,660 | $56,450 | $90,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Petersburg, IL?+
The Fair Market Rent (FMR) for Menard County, IL is: $725 (Studio), $873 (1BR), $1070 (2BR), $1421 (3BR), $1459 (4BR). Actual rent at subsidized properties like Schland Iii is typically 30% of household income or less.
What size apartments are available at Schland Iii?+
Schland Iii offers the following unit types: 5 Two-Bedroom units, for a total of 5 units.
What are the income limits for affordable housing in Menard County, IL?+
For a 4-person household in Menard County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,750, Low Income (80% AMI): $68,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Petersburg, IL?+
Based on Fair Market Rent for Menard County, the estimated price range is: 2-bedroom: $1070. Actual rent at Schland Iii may be lower for income-eligible households.
Is there a waitlist for Schland Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Schland Iii?+
Schland Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Schland Iii?+
Schland Iii 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.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
