Senior Apartments in Illinois

How much does senior apartments cost in Illinois?

Senior apartments are the most affordable senior-housing option because no services are bundled into the rent. Market-rate rents typically run $900-$2,500/month depending on city and apartment size. HUD-subsidized senior apartments cap rent at roughly 30% of the resident's monthly income, which can mean rents as low as $200-$400/month for qualifying low-income seniors. Medicare and Medicaid do not pay for senior apartments directly.

The cost of living in Illinois is slightly less than the national average, about 5.5% less. Illinois is quite affordable outside of Chicago and can be a great place to retire. In almost all areas, Illinois has a lower cost of living. However, one area where Illinois is more expensive is transportation. Suppose you don't need to go anywhere. In that case, however, the state is quite affordable, especially in the housing department, where it's nearly 15 points below the national average and almost $100K cheaper than the rest of the country. So check out Illinois and see if it fits within your budget. Illinois's cost-of-living index is 94.5 (100 = US average). The median home price is around $194,500. Average rent runs about $1,010 a month.

Senior Apartments in Illinois: common questions

How much does senior apartments cost in Illinois?

The cost of living in Illinois is slightly less than the national average, about 5.5% less. Illinois is quite affordable outside of Chicago and can be a great place to retire. In almost all areas, Illinois has a lower cost of living. However, one area where Illinois is more expensive is transportation. Suppose you don't need to go anywhere. In that case, however, the state is quite affordable, especially in the housing department, where it's nearly 15 points below the national average and almost $100K cheaper than the rest of the country. So check out Illinois and see if it fits within your budget. Senior Apartments runs $900 - $2,500 per month (US market-rate, 2026) nationally, and costs vary across Illinois by city, care level, and community.

How many senior apartments communities are in Illinois?

We list 38 senior apartments communities across 6 cities in Illinois. Browse by city below to compare and request pricing.

How are senior apartments different from independent living?

Senior apartments are rental housing - you sign a lease, pay rent, and handle meals/transportation/activities yourself. Independent-living communities bundle dining, organized activities, transportation, and amenities into a higher monthly fee. Senior apartments cost less but include less; independent living costs more but does more.

What is a HUD Section 202 senior apartment?

HUD Section 202 is a federal program that funds the construction and subsidy of affordable senior-housing communities for low-income residents age 62 and older. Residents pay roughly 30% of their adjusted monthly income toward rent and HUD covers the rest. Buildings are operated by nonprofit sponsors. The Section 8 Project-Based Rental Assistance program subsidizes similar housing at private senior apartments. Waitlists are typically long.

How do I qualify for a HUD-subsidized senior apartment?

Eligibility usually requires: at least one household member age 62 or older (for Section 202), US citizenship or eligible-immigration status, and household income at or below 50% of the Area Median Income (AMI) for your county. Specific limits vary by location - your local Public Housing Agency can confirm. You apply directly to each property; there is no single national list.