Low Income & Subsidized Housing in Princeton, IL

There are 5 subsidized and income-restricted properties in Princeton with roughly 242 assisted units — including 4 project-based Section 8 buildings, 1 public housing developments, and 3 LIHTC tax-credit communities, according to HUD administrative data. Reported tenant-paid rents across these buildings range from about $353 to $375 per month. Median reported wait: about 3 months.

5
assisted properties
242
subsidized units
$364
typical rent
3 mo
median wait

Complete directory of subsidized housing in Princeton

PropertyUnitsAvg rentReported wait
Princeton Hi Rise Public Housing 102$353 3 mo
Princeton Senior Housing LIHTCPB Section 8 50
Victor Meadows Phase Ii LIHTCPB Section 8 36
Clark House PB Section 8 30$375
Parkway Apts LIHTCPB Section 8 24

Section 8 apartments in Princeton (project-based)

These buildings carry HUD Section 8 contracts attached to the units — apply at each management office rather than through the voucher waitlist. How project-based Section 8 works →

PropertyUnitsAvg rentReported wait
Princeton Senior Housing LIHTCPB Section 8 50
Victor Meadows Phase Ii LIHTCPB Section 8 36
Clark House PB Section 8 30$375
Parkway Apts LIHTCPB Section 8 24

Public housing developments in Princeton

Rents here are set at about 30% of household income and managed by the local housing authority. About the public housing program →

PropertyUnitsAvg rentReported wait
Princeton Hi Rise Public Housing 102$353 3 mo

Voucher rent limits: Bureau County Fair Market Rents

Housing Choice Voucher payment standards in this area derive from HUD's FY2026 Fair Market Rents for Bureau County: studio $714, 1-BR $789, 2-BR $1,035, 3-BR $1,278, 4-BR $1,433.

Full FMR table for Bureau County →

How to apply for subsidized housing in Princeton

  1. Apply to buildings directly. Project-based Section 8, public housing, §202/§811 and LIHTC properties run their own waitlists — contact each office using the details on its page.
  2. Join voucher waitlists. Your regional housing authority administers Housing Choice Vouchers; ask about current openings and preferences. Step-by-step application guide →
  3. Document everything. ID, Social Security cards, birth certificates, and income proof speed up both paths.
  4. Stay reachable. Update your address everywhere — missed mail is the top reason applicants lose spots.

Nearby cities with low income housing

Data: HUD Picture of Subsidized Households & LIHTC database (2024 vintage). Figures are administrative averages — confirm current availability with each property.