About This Property
Colchester Apts comprises 16 low-income units in Colchester, Illinois, with eight 1-bedroom and eight 2-bedroom floor plans. The property has been in service since 1997 and serves McDonough County residents.
Property Details
Fair Market Rent - McDonough 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 | $579 |
| 1 Bedroom | $672 |
| 2 Bedroom | $845 |
| 3 Bedroom | $1,104 |
| 4 Bedroom | $1,261 |
Income Limits - McDonough County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,300
- Low (80%)
- $40,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,900
- Low (80%)
- $46,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,500
- Low (80%)
- $52,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,900
- Low (80%)
- $67,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,700
- Low (80%)
- $76,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,300 | $40,450 |
| 2 Persons | $17,420 | $28,900 | $46,200 |
| 3 Persons | $21,960 | $32,500 | $52,000 |
| 4 Persons | $26,500 | $36,100 | $57,750 |
| 5 Persons | $31,040 | $39,000 | $62,400 |
| 6 Persons | $35,580 | $41,900 | $67,000 |
| 7 Persons | $40,120 | $44,800 | $71,650 |
| 8 Persons | $44,660 | $47,700 | $76,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Colchester, IL?+
The Fair Market Rent (FMR) for McDonough County, IL is: $579 (Studio), $672 (1BR), $845 (2BR), $1104 (3BR), $1261 (4BR). Actual rent at subsidized properties like Colchester Apts is typically 30% of household income or less.
What size apartments are available at Colchester Apts?+
Colchester Apts offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in McDonough County, IL?+
For a 4-person household in McDonough County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,100, Low Income (80% AMI): $57,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Colchester, IL?+
Based on Fair Market Rent for McDonough County, the estimated price range is: 1-bedroom: $672, 2-bedroom: $845. Actual rent at Colchester Apts may be lower for income-eligible households.
Who manages Colchester Apts?+
Colchester Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Colchester Apts?+
Colchester 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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