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CEDAR VILLAGE OF SCHAUMBURG

1335 Mercury Drive

SCHAUMBURG , IL 60193

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Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 132

Assisted housing category: Insured-Subsidized

Owner organization name: 1325 Mercury Limited Partnership

Management agent organization name: Cedar Village Management, Inc.

Management agent main phone number: 847 677-5050

Management agent email address: gplotnick@thompsoncoburn.com

Hud Administered ind: N

Contract doc type: HAP

Program type: 202/8 NC

Rent to FMR ratio: 143.6740243

Rent to FMR description: Between 141% & 160% FMR

Total efficiency units: 17

Total 1bedroom units: 43

Efficiency: $956.00 per month

1bedroom: $1,076.00 per month



Inquiry & Reviews (5)
Xiaoyuan Zhang
2016-01-16T02:55:39Z
(3/5)

Useful0
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The people that work here actually care. Its a convenient and accessible location and I couldnt ask for more.

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• Schaumburg, IL

2024 Fair Market Rents in Schaumburg, IL 60193 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Schaumburg, IL 60193 offer diverse housing options, including those relevant to Section 8 assistance:

  Efficiency: $1,584 (low) to $1,936 (high) per month
  One-Bedrooms: $1,710 (low) to $2,090 (high) per month
  Two-Bedrooms: $1,944 (low) to $2,376 (high) per month
  Three-Bedrooms: $2,475 (low) to $3,025 (high) per month
  Four-Bedrooms: $2,925 (low) to $3,575 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Schaumburg, IL 60193 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Chicago-Joliet-Naperville, IL HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.