About This Property
Lincoln Terrace Apts comprises 92 low-income units in Peoria, IL and has served families since 2005. The property offers a mix of floor plans with 28 two-bedroom, 46 three-bedroom, and 18 four-bedroom units. A non-profit entity owns and manages the community.
Waitlist Information
Waitlist managed by Peoria Housing Authority
The general Public Housing waiting list closed on October 2, 2023. When open, preferences may include veterans, elderly, disabled, working families, or local residents; working preference requires six months of continuous full-time employment. The waitlist for Sterling Towers is currently open.
Preferences include 12 months Peoria County residency, 6 consecutive months employment, documented disability for Head of Household, or full-time student. PHA is currently accepting applications for special HCV programs including Veterans Affairs Supportive Housing (VASH), Non-Elderly Disabled (NED), Project Based (PBV)/Rental Assistance Demonstration (RAD), Foster Youth to Independence (FYI), and Mainstream Vouchers.
Waitlist data provided by section8waitlist.org
Updated August 19, 2026
Property Details
Fair Market Rent - Peoria 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 | $683 |
| 1 Bedroom | $756 |
| 2 Bedroom | $965 |
| 3 Bedroom | $1,258 |
| 4 Bedroom | $1,293 |
Income Limits - Peoria County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peoria, IL?+
The Fair Market Rent (FMR) for Peoria County, IL is: $683 (Studio), $756 (1BR), $965 (2BR), $1258 (3BR), $1293 (4BR). Actual rent at subsidized properties like Lincoln Terrace Apts is typically 30% of household income or less.
What size apartments are available at Lincoln Terrace Apts?+
Lincoln Terrace Apts offers the following unit types: 28 Two-Bedroom, 46 Three-Bedroom, 18 Four-Bedroom units, for a total of 92 units.
What are the income limits for affordable housing in Peoria County, IL?+
For a 4-person household in Peoria County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
Who is eligible to live at Lincoln Terrace Apts?+
Lincoln Terrace Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Lincoln Terrace Apts?+
Public Housing waitlist is currently Closed. 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.
What is the price range for apartments in Peoria, IL?+
Based on Fair Market Rent for Peoria County, the estimated price range is: 2-bedroom: $965, 3-bedroom: $1258. Actual rent at Lincoln Terrace Apts may be lower for income-eligible households.
How do I apply for housing at Lincoln Terrace Apts?+
Lincoln Terrace 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.
Who manages Lincoln Terrace Apts?+
Lincoln Terrace 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.
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