The Studios — Income-Restricted Housing in Chicago, IL 60616
1801 South Wabash Avenue, Chicago, IL 60616
170 units · 20 income-restricted · Studio
Leasing office: (312) 328-6810Directions
How to apply
- Call the leasing office at (312) 328-6810 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2021
- Bedrooms
- 20 Studio
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Nearby income-restricted buildings
Hilliard Family-Holsten P2
2030 S State St, Chicago, IL 60616
0.2 mi away
151 units · 58 income-restricted · 1–3 BR
- Apply through Chicago Housing Authority
Long Grove House
2001 S Michigan AVE, Chicago, IL 60616
0.2 mi away
448 units · 356 income-restricted · 1–3 BR
21st & Michigan Apartments
2101 S Michigan Ave, Chicago, IL 60616
0.3 mi away
250 units · 90 income-restricted · Studio–3 BR
Hilliard Homes Phase 1
2031 South Clark Street, Chicago, IL 60616
0.3 mi away
151 units · 1–2 BR
- Apply through Chicago Housing Authority
Hilliard Senior-Holsten P1
2111 S Clark St, Chicago, IL 60616
0.3 mi away
176 units · 1–4+ BR
- Apply through Chicago Housing Authority
- Most residents are 62 or older
Hilliard Senior-Holsten P2
30 W Cermak Rd, Chicago, IL 60616
0.4 mi away
176 units · 1–4+ BR
- Apply through Chicago Housing Authority
- Most residents are 62 or older
Southbridge Phase 1A
2310 S State St, Chicago, IL 60616
0.5 mi away
103 units · 51 income-restricted · Studio
Southbridge Phase IB
2344 S State St, Chicago, IL 60616
0.5 mi away
103 units · 43 income-restricted · Studio
Rents and income limits in 60616
- Fair market rent, 2 bedrooms
- $2,270/mo
- Income needed to pay it at 30% of income
- $90,800/yr
- Renters in 60616 paying 30% or more of income on rent
- 47%
Income limits (2026)
Chicago-Joliet-Naperville, IL area · median family income $121,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $25,550 | $42,550 | $68,050 |
| 2 | $29,200 | $48,600 | $77,800 |
| 3 | $32,850 | $54,700 | $87,500 |
| 4 | $36,450 | $60,750 | $97,200 |
| 5 | $39,400 | $65,650 | $105,000 |
| 6 | $44,360 | $70,500 | $112,800 |
| 7 | $50,040 | $75,350 | $120,550 |
| 8 | $55,720 | $80,200 | $128,350 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 60616 | Wider area |
|---|---|---|
| Studio | $1,890 | $1,678 |
| 1 bedroom | $2,010 | $1,780 |
| 2 bedrooms | $2,270 | $2,011 |
| 3 bedrooms | $2,920 | $2,586 |
| 4 bedrooms | $3,330 | $2,954 |
Wider area = Chicago-Joliet-Naperville, IL. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,500 (60609) to $3,020 (60661).
Census figures for 60616 (2020–2024 average): median rent $1,342. Median household income $73,819. 61% of homes are rented. 47% of renters pay 30% or more of their income on rent, and 22% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 60616's fair market rent.
Estimate your Section 8 rent share for 60616Frequently Asked Questions
How do I apply to The Studios?
Call (312) 328-6810 and ask about applying, vacancies, and waiting lists at The Studios in Chicago, IL 60616. These records do not show openings.
Is The Studios Section 8 housing?
The Studios is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at The Studios?
Public records list 170 units at The Studios in Chicago, IL 60616. That is a building size, not a count of open apartments.
Are there other affordable apartments near The Studios?
Yes — this page lists other income-restricted buildings in 60616 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into The Studios?
Call the number on this page and ask about the waiting list or how to apply at The Studios in Chicago, IL 60616. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Chicago, IL 60616?
Most income-restricted buildings in Chicago, IL 60616 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $42,550, and $60,750 for a 4-person household. Public housing can go up to 80% ($68,050 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Chicago, IL 60616?
For many programs in Chicago, IL 60616, the 2026 HUD very low-income (50%) limit is $42,550 a year for 1 person and $60,750 for 4 people. The low-income (80%) limit is $68,050 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Chicago, IL 60616?
In public housing and most Section 8 in Chicago, IL 60616, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Chicago, IL 60616 is $2,270 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does The Studios take Section 8 vouchers?
The Studios is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.