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Affordable apartments in Waterloo, Illinois

3 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

3 lihtc

Buildings

BELLA VISTA APTS (FAMILY)

LIHTC
100 DEBRA LN, WATERLOO, IL, 62298
Income-restricted units
44 of 44
Year placed in service
2010
Bedroom mix
16 1BR · 28 2BR

Estimated total housing cost: $1,050 rent + $129 utilities = $1,179/mo

Contact property management for current availability. Waitlists may apply.

BELLA VISTA APTS (SENIOR)

LIHTC
103 DEBRA LN, WATERLOO, IL, 62298
Income-restricted units
32 of 32
Year placed in service
2010
Bedroom mix
24 1BR · 8 2BR

Estimated total housing cost: $1,050 rent + $129 utilities = $1,179/mo

Contact property management for current availability. Waitlists may apply.

MONROE COUNTY APTS

LIHTC
230 BRADFORD LN, WATERLOO, IL, 62298
Income-restricted units
14 of 14
Year placed in service
1997
Bedroom mix
10 1BR · 2 2BR · 2 3BR

Estimated total housing cost: $1,050 rent + $129 utilities = $1,179/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Illinois

Residential electricity in Illinois runs about 17.95¢/kWh, with a typical monthly residential electric bill near $129. Natural gas runs about $15.45/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 62298

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$820n/a
1 bedroom$860n/a
2 bedroom$1,050$1,502
3 bedroom$1,350n/a
4 bedroom$1,560n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Monroe County, IL

St. Louis, MO-IL. FY2025. Area median income: $111,400.

Household size30% AMI50% AMI80% AMI
1 person$23,400$39,000$62,400
2 people$26,750$44,600$71,300
3 people$30,100$50,150$80,200
4 people$33,400$55,700$89,100
5 people$37,650$60,200$96,250
6 people$43,150$64,650$103,400
7 people$48,650$69,100$110,500
8 people$54,150$73,550$117,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Illinois cities

See all affordable-rental cities in Illinois

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Waterloo cost-of-living and Fair Market Rent overview