About This Property
Library Lane Senior Residence offers 148 low-income units in Grayslake, IL, serving elderly residents since 2002. The property includes 42 studios, 105 one-bedroom units, and one two-bedroom unit. Professional management operates the community to provide affordable housing options for seniors in Lake County.
Waitlist Information
Waitlist managed by Housing Authority of the County of Lake.
The 1-bedroom waiting list for income qualified households of no more than two persons will open on April 8, 2025. This applies to Senior Communities (Hawley Manor, Beach Haven Tower, Shiloh Tower). Applications are processed by date and time of submission.
The Section 8 waiting list may be closed if it has become too long. Applicants must keep their pre-application updated annually or their name will be removed. Portability is allowed, but applicants may be required to live in Lake County for at least one year before moving to another jurisdiction.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
Fair Market Rent - Lake 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 | $1,399 |
| 1 Bedroom | $1,507 |
| 2 Bedroom | $1,714 |
| 3 Bedroom | $2,182 |
| 4 Bedroom | $2,583 |
Income Limits - Lake County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $27,950
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,350
- Low (80%)
- $80,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,100
- Low (80%)
- $86,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $57,800
- Low (80%)
- $92,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,550
- Low (80%)
- $98,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,600 | $32,650 | $52,200 |
| 2 Persons | $22,400 | $37,300 | $59,650 |
| 3 Persons | $25,200 | $41,950 | $67,100 |
| 4 Persons | $27,950 | $46,600 | $74,550 |
| 5 Persons | $31,040 | $50,350 | $80,550 |
| 6 Persons | $35,580 | $54,100 | $86,500 |
| 7 Persons | $40,120 | $57,800 | $92,450 |
| 8 Persons | $44,660 | $61,550 | $98,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grayslake, IL?+
The Fair Market Rent (FMR) for Lake County, IL is: $1399 (Studio), $1507 (1BR), $1714 (2BR), $2182 (3BR), $2583 (4BR). Actual rent at subsidized properties like Library Lane Senior Residence is typically 30% of household income or less.
What size apartments are available at Library Lane Senior Residence?+
Library Lane Senior Residence offers the following unit types: 42 Studio, 105 One-Bedroom, 1 Two-Bedroom units, for a total of 148 units.
Who manages Library Lane Senior Residence?+
Library Lane Senior Residence is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lake County, IL?+
For a 4-person household in Lake County, IL, the income limits are: Extremely Low Income (30% AMI): $27,950, Very Low Income (50% AMI): $46,600, Low Income (80% AMI): $74,550. These limits are set by HUD and updated annually.
How do I apply for housing at Library Lane Senior Residence?+
Library Lane Senior Residence 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.
What is the price range for apartments in Grayslake, IL?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $1507, 2-bedroom: $1714. Actual rent at Library Lane Senior Residence may be lower for income-eligible households.
Who is eligible to live at Library Lane Senior Residence?+
Library Lane Senior Residence 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 Library Lane Senior Residence?+
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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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