Affordable & Low-Income Housing in Spring Valley, IL 61362
3 affordable buildings in 61362 · 13 more within 8 mi
Spring Valley, IL 61362 has 3 income-restricted buildings: 3 tax credit and 1 usda rural. 13 more are listed within 8 miles. These lists don't show openings — call to ask about vacancies and waiting lists.
In 61362
No buildings in 61362 match this filter.
Nearby
Ladd Senior Housing
357 W Cleveland St, Ladd, IL 61329
1.9 mi away
40 units · 1–2 BR
- Several buildings — call for addresses
Lakeside Villa
303 Union St, Depue, IL 61322
4.9 mi away
12 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Horizon Residential Alternatives II, Inc.
1519 26th St., Peru, IL 61354
5.1 mi away
16 units · 1 BR · People with disabilities
Jd Rentals
1911 First St, Peru, IL 61354
5.2 mi away
2 units · 1 BR
- Affordability period may have ended — call to confirm
Cj Rentals
1905 First St, Peru, IL 61354
5.2 mi away
2 units · 1 BR
- Affordability period may have ended — call to confirm
R&r Rentals
1020 Plain St, Peru, IL 61354
5.5 mi away
2 units · 2 BR
- Affordability period may have ended — call to confirm
Peru Senior Housing
2301 Marquette Rd, Peru, IL 61354
5.6 mi away
60 units · 1 BR · People with disabilities
Peru Senior Housing Phase II
2150 Pulaski St, Peru, IL 61354
5.8 mi away
52 units · 50 income-restricted · 1 BR
Hawthorne Heights
213 S. Hawthorne Avenue, Granville, IL 61326
6.2 mi away
20 units · 2 BR
- 8 vacant units reported (Oct 2026) — call to confirm
Horizon Res. Alternatives, Inc.
895 Oconor Ave., La Salle, IL 61301
6.7 mi away
16 units · 1 BR · People with disabilities
Standard Apts
200 School St, Standard, IL 61363
6.9 mi away
6 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Robert L. Hughett Towers II
1020 2nd St, La Salle, IL 61301
7 mi away
422 units · 1–3 BR
- Apply through Housing Authority for LaSalle County
- Residents waited about 5 months to move in (HUD, Oct 2026)
No nearby buildings match this filter.
Rents and income limits in 61362
- Fair market rent, 2 bedrooms
- $1,160/mo
- Income needed to pay it at 30% of income
- $46,400/yr
- Renters in 61362 paying 30% or more of income on rent
- 21%
Income limits (2026)
Bureau County, IL area · median family income $91,900. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $19,300 | $32,200 | $51,450 |
| 2 | $22,050 | $36,800 | $58,800 |
| 3 | $27,320 | $41,400 | $66,150 |
| 4 | $33,000 | $45,950 | $73,500 |
| 5 | $38,680 | $49,650 | $79,400 |
| 6 | $44,360 | $53,350 | $85,300 |
| 7 | $50,040 | $57,000 | $91,150 |
| 8 | $55,720 | $60,700 | $97,050 |
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 | 61362 | Wider area |
|---|---|---|
| Studio | $810 | $683 |
| 1 bedroom | $890 | $750 |
| 2 bedrooms | $1,160 | $981 |
| 3 bedrooms | $1,440 | $1,217 |
| 4 bedrooms | $1,600 | $1,352 |
Wider area = Bureau County, IL. Two-bedroom fair market rents in 12 nearby ZIPs range from $930 (61326) to $1,220 (61312).
Census figures for 61362 (2020–2024 average): median rent $917. Median household income $71,558. 34% of homes are rented. 21% of renters pay 30% or more of their income on rent, and 4% 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 61362's fair market rent.
Estimate your Section 8 rent share for 61362Frequently Asked Questions
Is there Section 8 housing in Spring Valley, IL 61362?
Yes — this directory lists income-restricted buildings in Spring Valley, IL 61362, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Spring Valley, IL 61362 have openings?
These lists for Spring Valley, IL 61362 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Spring Valley, IL 61362?
Use the phone number on each building card in Spring Valley, IL 61362. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Spring Valley, IL 61362?
In Spring Valley, IL 61362, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 61362?
This directory lists 3 income-restricted buildings in Spring Valley, IL 61362. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.
Is there affordable housing near 61362?
Yes — this page also lists 13 income-restricted buildings in ZIP codes near Spring Valley, IL 61362 (within about 8 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Spring Valley, IL 61362?
Most income-restricted buildings in Spring Valley, IL 61362 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 $32,200, and $45,950 for a 4-person household. Public housing can go up to 80% ($51,450 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 Spring Valley, IL 61362?
For many programs in Spring Valley, IL 61362, the 2026 HUD very low-income (50%) limit is $32,200 a year for 1 person and $45,950 for 4 people. The low-income (80%) limit is $51,450 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Spring Valley, IL 61362?
There is no single waiting list for Spring Valley, IL 61362. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Spring Valley, IL 61362?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists tax-credit apartments in Spring Valley, IL 61362. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Spring Valley, IL 61362?
In public housing and most Section 8 in Spring Valley, IL 61362, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Spring Valley, IL 61362 is $1,160 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.
Can I use a Section 8 voucher at affordable apartments in Spring Valley, IL 61362?
A Housing Choice Voucher is not automatically accepted at every building in Spring Valley, IL 61362. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Spring Valley, IL 61362?
This page may still list buildings in Spring Valley, IL 61362 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
Map loads here…
This ZIPNearbyOpen a pin for the building name.