About This Property
Terrace Apts comprises 128 low-income units in Rockford, IL that serve elderly residents. The property offers 127 one-bedroom units and one two-bedroom unit, and has been in service since 2004. Contact information and management details are available upon request.
Waitlist Information
Waitlist managed by Rockford Housing Authority
The Rockford Housing Authority is not currently accepting applications for Public Housing. Information regarding future openings is not available on this page.
The Rockford Housing Authority is not currently accepting applications for the Housing Choice Voucher (HCV) program. Information regarding future openings is not available on this page.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Winnebago 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 | $699 |
| 1 Bedroom | $785 |
| 2 Bedroom | $1,031 |
| 3 Bedroom | $1,380 |
| 4 Bedroom | $1,423 |
Income Limits - Winnebago County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rockford, IL?+
The Fair Market Rent (FMR) for Winnebago County, IL is: $699 (Studio), $785 (1BR), $1031 (2BR), $1380 (3BR), $1423 (4BR). Actual rent at subsidized properties like Terrace Apts is typically 30% of household income or less.
What size apartments are available at Terrace Apts?+
Terrace Apts offers the following unit types: 127 One-Bedroom, 1 Two-Bedroom units, for a total of 128 units.
Who manages Terrace Apts?+
Terrace Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Winnebago County, IL?+
For a 4-person household in Winnebago County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
How do I apply for housing at Terrace Apts?+
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 is eligible to live at Terrace Apts?+
Terrace Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Terrace Apts?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. 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 Rockford, IL?+
Based on Fair Market Rent for Winnebago County, the estimated price range is: 1-bedroom: $785, 2-bedroom: $1031. Actual rent at Terrace Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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